Binance Launchpool campaigns allow users to earn new tokens by staking their assets.
The popular Telegram game Hamster Kombat is set to launch its new HMSTR token on The Open Network TON $1.40 24h volatility: 3.9% Market cap: $3.42 B Vol. 24h: $165.90 M later this month. To mark the launch, billions of HMSTR tokens will be given away through a Binance Launchpool campaign starting September 19, 2024. This campaign will reward both the game’s many players and Binance users.
The Hamster Kombat team has revealed that there will be a total of 100 billion HMSTR tokens, with 60% allocated to the airdrop. Of this amount, 3 billion tokens are set aside for the Binance Launchpool campaign. Users in eligible countries (excluding the U.S.) can earn HMSTR tokens by staking Binance Coin BNB $643.7 24h volatility: 1.5% Market cap: $87.74 B Vol. 24h: $1.23 B or FDUSD FDUSD $1.00 24h volatility: 0.0% Market cap: $412.32 M Vol. 24h: $83.50 M stablecoin during the week-long campaign, which will continue until the token’s official launch on September 26.
Binance Users Can Earn HMSTR
Binance’s Launchpool campaigns allow users to earn new tokens by staking their assets. Earlier campaigns this year, such as those for gaming tokens like Pixels [NC] and Portal [NC], saw significant staking amounts. Given Hamster Kombat’s large player base and growing popularity, its campaign is anticipated to attract similar interest.
Hamster Kombat boasts over 300 million players, making it one of the largest Telegram games. Yet, experts worry about whether TON, the blockchain behind the game, can handle the surge in demand. The network had technical problems and two outages during a previous airdrop in August. Still, the TON team remains hopeful about resolving these issues for a smoother launch.
Season 1 of Hamster Kombat will conclude on September 20, 2024. As part of the season finale, all in-game achievements, including coins, PPH, keys, skins, and other rewards, will be converted into the HMSTR token. This transition is part of the lead-up to the token’s official launch and aims to integrate players’ progress into the new token ecosystem.
Although the token’s initial value is uncertain, its listing on major exchanges such as Binance, Bitget, Bybit, and OKX is likely to boost its visibility and trading activity.
Controversies and Price Speculations
While excitement builds for the HMSTR token launch, the project has not been without controversy. The tap-to-earn model and frequent delays in airdrop distributions have caused frustration among some users. Critics have expressed concerns that the token may struggle to meet the high expectations of its massive player base.
As for the token’s value, analysts have weighed in with differing opinions. TradingFace, a well-known crypto analyst, suggested that HMSTR could reach as high as $0.19 shortly after launch, reflecting optimism about the game’s huge audience. Meanwhile, Knightron Crypto, another popular analyst, provided a more conservative estimate of $0.04, citing the speculative nature of new gaming tokens. However, experts caution that the crypto market is highly volatile, and these predictions may not hold once trading begins.
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