Paldon't! HMSTR Hits $1.2B Trading, Price Drops Amid Reward Complaints

The Hamster Kombat token launch highlights web3 gaming's ability to generate huge trading volumes and user engagement, while also revealing the challenge of keeping players satisfied with token rewards.

Web3 game Hamster Kombat’s native token, $HMSTR, hit $1.2 billion in trading volume on Binance but saw a sharp drop in price, leading to user complaints about airdrop allocations.

According to the game’s Telegram channel, the HMSTR token began trading on Binance at $0.02 on March 14th. It quickly surged to a high of $0.08 before closing the day at $0.05, showing a remarkable 150% gain from its opening price. Binance disclosed that the token encountered strong buying interest, with a total trading volume of $1.2 billion.

However, despite the impressive trading debut, the HMSTR token experienced a significant price decline. Opening at $0.05 on March 15th, the token’s value sharply decreased throughout the day, reaching a low of $0.01 before closing at $0.02, indicating a steep drop of 60%.

These price movements and user complaints regarding airdrop allocations highlight web3 gaming’s ability to generate huge trading volumes and user engagement, while also revealing the challenge of keeping players satisfied with token rewards. (Read more: List of Free Telegram Games with Potential Airdrop – Tap To Earn Games)

The HMSTR token's launch and subsequent price performance on Binance have garnered significant attention within the web3 gaming community. Here's a summary of the key details:

The numbers: Binance reported that the HMSTR token encountered strong buying interest, with a total trading volume of $1.2 billion on its first day of trading. This impressive liquidity bodes well for the token's secondary market presence and traders' interest in the new web3 gaming asset.

Between the lines: The mixed reactions to the airdrop, with some users expressing dissatisfaction, reveal the balancing act that web3 game developers must navigate. They need to incentivize players to participate and contribute to the game's growth, while also ensuring that the token rewards are perceived as fair and equitable to maintain long-term user engagement and satisfaction.

What's next: Hamster Kombat's roadmap includes a second season, which will introduce new Telegram games and expand the game's reach beyond the messaging platform. Additionally, another airdrop is planned for next summer, further engaging the web3 gaming community.

Worth reading: Previously, after another huge Telegram game, Catizen, revealed $CATI airdrop rewards, players also expressed disappointment over allegedly unfair allocations, with some high-level players receiving fewer tokens than lower-level or newer players, sparking demands for transparency. (Read more: Catizen Telegram Game Players Demand Transparency After ‘Unfair’ Airdrop)

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