Crypto/Web3

As Hamster Kombat listing date draws near, Nigerians decry poor token allocation

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As Hamster Kombat listing date draws near, Nigerians decry poor token allocationAs Hamster Kombat listing date draws near, Nigerians decry poor token allocation
  • Hamster Kombat distributed tokens on September 21
  • The listing of the token is expected on September 26
  • The game developers said over 2.3 million cheaters were banned before distributing the token 

Nigerians have taken to social media to lament the poor allocation of Hamster Kombat tokens days before the September 26 listing date. Hamster Kombat is a popular tap-to-earn web3 game that has taken the crypto world by storm. 

With over 100 million players, Hamster Kombat is the most popular tapper game and with the direction of the team behind it, experts say it is on the way to a successful listing and trading.

On September 20, the tapper game ended its first season, and about 24 hours later, it started allocating tokens to players. The token allocation seemed to surprise many players, as they received tokens below their expected numbers. 

In Nigeria, the tapper game is widespread, and many looked forward to making some money from it upon listing. But the low number of allocations has dashed hopes and several people took to X, formerly Twitter, to express their shock and displeasure. 

Commenting on the likely price, one user posted: “Hamster will never give you anything you expect. It is not their fault; the community is too big. Hamster listing at the price of 0.01 with a market cap of $1B is never easy. If they do that then they have tried because 1B market cap at TGE is not a kid’s play, it wasn’t easy for Notcoin to do that anyway.”

“The Hamster allocation doesn’t look like anybody is going to make more than $20. The game has changed after $DOGS,” posted another user. 

Hamster allocation is confusing me right now. Dev should do something.I have not seen anyone with 10k $HMSTR. And total supply is 100 Billion. They don use una cash out,” another user posted

Another X user said: “If you understand the #Hamster tokenomics very well, you will understand how hamster team are currently working on manipulating the market to march $0.15 listing price. Joy is coming.”

However, the Hamster Kombat had some explanations for aggrieved players. On September 23, the team said it was working hard to protect the game and community against fraudsters.

It said before distributing the token, it had banned over 2.3 million “cheaters”.

“Wondering how we caught them? Well, here’s an example: One person connected over 400 accounts to a single Binance address, while another invited almost 2,000 "friends," all of whom were flagged by our anti-cheat system,” it the team said in a community post. 

“We have been analyzing users’ behavior for months before the TGE. We have seen accounts that logged in at the same time each day and were tapping the same exact pixel. We have taken away 6.8 billion tokens from these cheaters. 50% have been distributed among honest players, another 50% will be burned,” it further said. 

“Cheaters don’t belong in our community. They automate their selling through software to get an advantage over regular players. We care about our players and market participants, especially long-term holders, and want to protect them.”

US state blocks Nigerian’s crypto scam, fines him $50,000

Meanwhile, TheRadar earlier reported that The United States state of Kansas has blocked an attempt by a Nigerian cryptocurrency scammer, Bimbo Toyin Akinyemi, to defraud one of its residents of their cryptocurrency assets. 

According to the state’s statement, “State of Kansas, U.S., Thwarts Attempt by Nigerian Crypto Scammer to Defraud Resident, Attracting Over $50,000 in Civil Penalties,” Akinyemi promised the unsuspecting victim a substantial return on cryptocurrency investment.

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Justice NwaforEditor

Justice Nwafor is an award-winning freelance journalist, editor and content writer. His work has been published by several outlets, including HumAngle, Earth Journalism Network, Reuters, SciDevNet and the BBC. In August 2023, his work was recognized as the best in the Business and Environment category at the Sanlam Awards for Excellence in Financial Journalism in South Africa. He is a 2024 finalist for the True Story Award and a panelist at the True Story Festival, both in Bern, Switzerland. Justice is a consummate journalist with experience in reporting environment, global health, business and crypto/web3. Justice focuses on covering the dynamic world of crypto and web3 for TheRadar.

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