Hamster Kombat has disclosed the wallet addresses holding its vested tokens, with the HMSTR token seeing a 4% rise on Tuesday.
Hamster Kombat, the popular tap-to-earn game on Telegram, has recently revealed the list of wallet addresses holding its vested tokens. In an official announcement from their Telegram channel on Monday, the team outlined how the distribution of its native token HMSTR HMSTR $0.00070 24h volatility: 1.8% Market cap: $45.04 M Vol. 24h: $10.01 M is structured, further clarifying token allocation for different purposes.
The announcement detailed that 6.75% of Season 1 rewards are vested and will only unlock 10 months after the token’s listing. Meanwhile, 15% has been kept for the highly-anticipated Season 2, signaling new developments ahead.
The Hamster team also revealed that 6% is allocated for collaborations and grants, with a 48-month linear vesting schedule. They emphasized that no partnership tokens have been distributed yet, and when they are, only top-tier industry players who can enhance the ecosystem will receive them.
Additionally, 8% of HMSTR tokens are locked in the Hamster Treasury, ensuring sustainable growth of the game. These tokens follow a 49-month vesting schedule with a 1-year cliff, providing a structured approach to sustaining the game’s ecosystem.
HMSTR Token Struggles after Airdrop
Though Hamster Kombat is setting a good example of transparency, it is not helping in cooling down the community’s dissatisfaction with the airdrop distribution process. While Hamster Kombat boasts over 300 million users, only 131 million received the airdrop, leading to frustration over unmet expectations and missed opportunities for widespread token engagement.
The platform has been facing growing concerns from its community, especially following the listing of HMSTR on major exchanges like Binance. On September 26, the game distributed its HMSTR airdrop to two-thirds of its players, an event that was met with much anticipation. However, within just six days after the listing, HMSTR saw its value plummet by over 50%.
At the time of writing, HMSTR is trading at around $0.00435, marking a modest 4% increase in the past 24 hours. The token’s market cap currently stands at $280.47 million.
A Glimmer of Hope in Season 2?
Despite the price volatility and community unrest, Hamster Kombat’s team has hinted at exciting developments for token holders who chose not to sell off their HMSTR.
The team mentioned that Season 2 will bring added value to those who maintain their tokens, with promises of new features, enhanced rewards, and an improved user experience. This move is intended to restore confidence in the token’s long-term potential and strengthen the loyalty of its user base.
Additionally, a late September post from Hamster Kombat hinted that “things are in motion” regarding the launch of a wallet and payment features using HMSTR. If these plans come to fruition, Hamster Kombat could move beyond its tap-to-earn model and evolve into a broader infrastructure service provider.
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