Hamster Kombat has confirmed the recipients of the Season 1 HMSTR token airdrop, with 131 million users qualifying to receive free tokens.
Find out how to check your token allocation, learn more about the distribution method, and see why some users are unhappy with the token release schedule
With the $HMSTR Token Generation Event and Binance listing just around the corner, excitement is building—but will the lock-up period impact the token’s value? Read on for all the details.
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Latest Information on the Free Distribution of HMSTR Tokens
On September 23, 2024, Hamster Kombat announced the confirmed list of recipients for the Season 1 airdrop of HMSTR tokens. The company also shared important details regarding the free distribution of these tokens.
Hamster Kombat is a "Tap-to-Earn" mini-app on Telegram, allowing players to earn cryptocurrency through tapping. It’s recognized as one of the leading games on the TON (The Open Network) blockchain, with over 300 million players worldwide.
131 Million Eligible to Receive HMSTR Tokens
A snapshot to determine the distribution of HMSTR tokens was taken on September 21. The report for Season 1 confirms that a total of 131 million users have qualified to receive HMSTR tokens.
30.6 Million Have Yet to Set Token Receiving Method
Out of the 131 million eligible recipients, it was reported that 30.6 million users have not yet configured their token receiving method. It is crucial for these users to set their method soon (this can be done via the Airdrop tab in the mini-app).
88.75% Distributed Immediately, 11.25% Unlocks After 10 Months
For Season 1, 75% of the total 100 billion HMSTR tokens are allocated for the community. After the season ends, 60% of these tokens will be distributed to users, with 88.75% of them being available for immediate claim. The remaining 11.25% will unlock 10 months after the token listing.
Some Users Express Discontent
While users can check their earned HMSTR tokens and allocation breakdown in the Hamster Kombat mini-app, some have voiced dissatisfaction with the distribution schedule and allocation methods.
Dissatisfaction Over Not Receiving All Tokens on Day One
Players have expressed frustration that they cannot claim 100% of their tokens on the first day. Only 88.75% of the allocated tokens will be available immediately, and the remaining 11.25% will not be claimable until 10 months after the token listing, likely around July 2024.
Discontent with the Token Allocation Method
The number of HMSTR tokens distributed is based on several factors, including points earned through tapping, completed tasks, number of referrals, achievements, and keys collected. Some players feel the balance between these factors is unfair. The amount of tokens earned from tapping is relatively low, while more significant rewards are given for the recently introduced key collection feature and referrals. This has led to complaints that prominent YouTubers and influencers are receiving large portions of tokens, potentially at the expense of regular players.
How to Check Your Earned HMSTR Tokens
Players who participated in Hamster Kombat can access the mini-app via Telegram and navigate to the "AirDrop" tab to check their token allocation for Season 1.
The $HMSTR Token Generation Event (TGE) and airdrop are scheduled for September 26, 2024. Additionally, it was recently announced that HMSTR tokens will be listed on BINANCE, which has further heightened interest in the token's post-listing price.
Despite some criticism regarding the locked token distribution, the lock period is expected to contribute to long-term price appreciation. By preventing an immediate sell-off after listing, the locked tokens may help stabilize the market and avoid a sudden drop in value.
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