• 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

CZ Announces Plans for Self-Published Autobiography

chest

CZ announces plans for self-published autobiography, with proceeds going to charity.

user avatarRajesh Kumar

Bitcoin Price Consolidates Below Key Resistance Level

chest

Bitcoin is currently consolidating beneath the 94,500 resistance level, forming a bear flag structure as sellers maintain control.

user avatarMiguel Rodriguez

Old Glory Bank Announces Merger with Digital Asset Acquisition Corp

chest

Old Glory Bank has announced a merger with Digital Asset Acquisition Corp, valuing the bank at $250 million.

user avatarLuis Flores

Old Glory Bank Experiences Rapid Growth and Plans Crypto-Backed Loans

chest

Old Glory Bank has reported significant growth in deposits and plans to offer crypto-backed loans, allowing customers to leverage their digital assets.

user avatarMaria Gutierrez

Vesta Equity Executes First On-Chain Home Equity Investment

chest

Vesta Equity has successfully completed the first-ever on-chain Home Equity Investment (HEI) on a public blockchain, marking a significant milestone in digital real estate investments.

user avatarArif Mukhtar

The Evolution of Online Poker Tournaments: 2020 to 2026

chest

The structural evolution of online poker tournaments from 2020 to 2026 marks a significant shift in competitive gaming, emphasizing computational precision and advanced strategies.

user avatarJacob Williams

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.