• 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

The Importance of Win Rate and Risk Reward Ratio

chest

A high win rate is not necessary for profitability if the Risk Reward Ratio is strong enough.

user avatarAyman Ben Youssef

BlockchainFX and Ozak AI Join the Best Presale Tokens List

chest

BlockchainFX and Ozak AI are gaining attention as high-potential early-stage tokens in the presale market.

user avatarTando Nkube

Investors Shift Focus to Early-Stage Crypto Presales

chest

Investors are increasingly focusing on early-stage crypto presales instead of late bull runs, indicating a strategic shift in the current market.

user avatarKofi Adjeman

Understanding the Risk Reward Ratio in Crypto Trading

chest

The Risk Reward Ratio is a crucial tool for traders to evaluate potential profits against potential losses in crypto trading.

user avatarKofi Adjeman

South Korea's Financial Services Commission Restructures for Better Oversight

chest

The FSC is undergoing an internal reorganization to improve operational efficiency and oversight of virtual asset providers.

user avatarNguyen Van Long

Validators Update Node Software for Hayabusa Transition

chest

Validators on the VeChainThor blockchain have started updating their node software as part of the transition to the Hayabusa upgrade, introducing new staking mechanics.

user avatarSatoshi Nakamura

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.