• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hamster Kombat Faces Massive Decline on Telegram

user avatar

by Giorgi Kostiuk

a year ago


Hamster Kombat, once one of the most popular mini-games on Telegram, has faced a sharp decline in popularity, losing 86% of its users in three months.

Early Hype and Massive Growth

Hamster Kombat launched to significant fanfare, initially described by Telegram’s CEO as the fastest-growing digital service in the world. The game integrated blockchain technology into a simple gaming platform, offering users cryptocurrency tokens through gameplay and trading. Notable features included 'tap-to-earn' mechanics, crypto incentives, and endorsements by prominent tech figures. However, these innovations were not enough to keep users engaged in the long term.

Issues with Gameplay

Despite rapid growth, the game soon faced criticism for its monotonous nature. Users found the AI-generated visuals to be lacking and the repetitive gameplay quickly lost its appeal. The token airdrop, initially presented as a reward for active players, became a source of frustration due to delays and anti-cheat measures that resulted in mass disqualifications.

Controversies and Government Scrutiny

As Hamster Kombat struggled to retain its users, it attracted government scrutiny across various regions. Iran's authority claimed it distracted voters, while in Russia it was labeled as a scam with calls for a ban. Compounding these issues, the company distanced itself from Gotbit, a firm charged by the SEC with market manipulation. These controversies have led to a steep decline in the HMSTR token's value, which has dropped 55%.

Hamster Kombat is undergoing challenging times, facing dwindling interest and criticism from users and authorities. This situation is mirrored in the token's value, and it remains uncertain whether the game will regain its former popularity.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

UK Government Reviews Safeguards Against Foreign Interference in Political Funding

chest

The UK government plans a comprehensive review of safeguards against foreign interference in political funding, focusing on cryptocurrency regulations.

user avatarJesper Sørensen

Trump's Historic Openness to Democratic Nominations for Financial Regulators

chest

Trump announced his willingness to consider nominating Democratic commissioners to the SEC and CFTC, aiming to promote bipartisanship and advance the crypto market structure bill.

user avatarRajesh Kumar

George Osborne Takes the Helm of OpenAI's International Outreach

chest

George Osborne, the former UK Chancellor, has joined OpenAI to lead its OpenAI for Countries initiative, focusing on expanding the company's international presence.

user avatarLucas Weissmann

Cryptocurrency Market Remains Stable Amid US Blockade

chest

The cryptocurrency market remains stable and unaffected by the US blockade on Venezuelan oil exports.

user avatarEmily Carter

Trump Implements Blockade on Venezuelan Oil Exports

chest

On December 17, President Trump announced a comprehensive blockade against Venezuelan oil exports to increase pressure on the Maduro administration.

user avatarFilippo Romano

BEAR Token Emerges as a New Speculative Asset Following Musk's Announcement

chest

The BEAR token has emerged in the crypto markets following Elon Musk's announcement of a new character, reflecting the trend of tokenizing cultural moments as speculative assets.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.