As a seasoned crypto investor with over a decade of experience in this dynamic market, I have seen my fair share of promising projects that either soared to new heights or plummeted into obscurity. The launch of HMSTR on multiple trading platforms has certainly piqued my interest, especially given the massive player base and the backing of reputable exchanges like Binance.
The wait is finally over, as Hamster Kombat’s HMSTR has finally gone live for trading on on multiple trading platforms. The exchanges that have listed the token include Binance, KuCoin, OKX, Bybit, Bitget, Gate.io, MEXC and Bitfinex.
131 million eligible players are now collecting their allocated tokens from the airdrop. After the distribution of tokens, HMSTR has entered the list of Telegram-based tokens that are backed by major exchanges. This event has generated much anticipation within the cryptocurrency community, as many players express their delight over their earnings.
HMSTR Token Distribution Details
The HMSTR token has a total issuance of 100 billion, with 75% (or 75 billion) originally set aside for an airdrop. As of now, only 60% has been distributed, leaving 15% for future token distributions (referred to as Season 2). A distribution of 3 billion HMSTR tokens is currently taking place in the Binance Launchpool. This event was made feasible by Binance locking up an equivalent value of 14 billion USDT in BNB and FDUSD.
Moreover, Binance has introduced the HMSTR Super Earn program, allowing users to secure their tokens for earnings. A total of 100 million HMSTR is reserved for this program.
For the approximately 30.6 million gamers yet to select their withdrawal method, there’s still a chance to collect your airdrops. You can opt for the immediate claim option, which is currently open. As of September 25, you had the choice between this direct claim or the crypto exchange option, but unfortunately, the latter is no longer an available choice.
Regrettably, the 2.3 billion individuals who were recently discovered cheating are not entitled to participate in the current token distribution. Instead, half of their accumulated 6.8 million HMSTR has been reallocated to honest and committed players, while the remaining half will be destroyed or “burned.
After the distribution of its tokens, HMSTR has attracted a lot of attention and is now often mentioned alongside other popular digital assets with high social media activity.
Price Predictions And Key Metrics For HMSTR Post-listing
It’s important to mention that certain analysts had forecasted earlier that the token’s price might range from $0.004 to $0.01.
A well-known crypto expert named Ajay has estimated that the price of HMSTR could fall within the range of $0.005 and $0.01, and he is not optimistic about HMSTR’s market cap exceeding $1 billion. However, the project’s progress might surpass these predictions and even those of other influencers. Meanwhile, airdrop analyst Gautam Gupta has predicted a possible decrease in HMSTR’s price after its listing.
Based on his assessment, he predicted that the value of HMSTR tokens would fall between approximately 8 cents and 9 cents per token.
As a researcher, I’m expressing my apprehensions about the potential decline in enthusiasm for our project in the near future. This could lead to a significant decrease in the value of our token. The reasons behind this include the relatively inexperienced development team and the project’s limited utility. According to Gupta, these factors pose a threat to the long-term sustainability of our Telegram-based Tap-to-earn venture.
Despite having an anti-cheat system set up, the HMSTR development team remains vigilant in preventing any attempts to manipulate the airdrop. If such entities are discovered, their IP addresses and relevant contact information will be reported to the authorities in accordance with Telegram’s updated policy.
Read More
Sorry. No data so far.
2024-09-26 15:15