• 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

Industry Leaders Back Vitalik Buterin's Prediction Market Vision

chest

Industry leaders express support for Vitalik Buterin's vision on the future of prediction markets, emphasizing their role in economic stability.

user avatarLeo van der Veen

Vitalik Buterin Proposes New Use for Prediction Markets

chest

Ethereum cofounder Vitalik Buterin proposes that prediction markets could replace fiat currency by providing price stability, advocating for a shift towards hedging rather than short-term bets.

user avatarLi Weicheng

Major Market Participant Sells $500 Million in ETH

chest

A major market participant, known as the Hyperunit whale, has sold approximately $500 million worth of ETH, impacting market liquidity and sentiment.

user avatarAisha Farooq

Total Crypto Market Cap Faces Weakness After Failed Breakout

chest

The total crypto market cap has seen a significant contraction following a failed breakout attempt.

user avatarTenzin Dorje

Coinbase Premium Index Indicates Potential Demand Recovery for Ethereum

chest

The Coinbase Premium Index has recently rebounded, indicating a potential shift in demand for Ethereum from US investors.

user avatarBayarjavkhlan Ganbaatar

Bitcoin's Value Stalls Against Gold Amid Quantum Computing Concerns

chest

Bitcoin's long-term value increase compared to gold has halted, coinciding with the rise of quantum computing awareness.

user avatarMohamed Farouk

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.