Hamster Kombat has launched for trading on Binance and multiple exchanges with over 60 billion tokens now in circulation.
Hamster Kombat, Telegram’s most popular clicker game, has commenced trading for its native cryptocurrency, HMSTR, on the Binance crypto exchange. Accordingly, 60 billion HMSTR tokens have been distributed to 131 million qualifying individuals who participated in Hamster Kombat season 1.
Hamster Kombat Commences Airdrop Distribution
Besides Binance, users can also trade their airdrop HMSTR tokens on several other exchanges like OKX, Budget, Bitfinex, and Bybit. Trading for HMSTER tokens began at 8 on Thursday, September 26, at 8 a.m. ET.
According to CoinMarketCap data, HMSTR was trading at $0.008 and has a market capitalization of $580 million as of this writing. The 60 billion distributed tokens account for 60% of the total supply of 100 billion HMSTR tokens.
The Hamster Kombat team noted that another 15%, or 15 billion tokens, will be released during Season 2 of the game. Hamster Kombat Season 2 has begun, and users have started engaging with it.
Meanwhile, the TON Core team is worried that the blockchain may have trouble controlling the airdrop distribution volume. Their concerns are based on the size of the airdrop and the high level of user engagement.
“The network will undoubtedly face more technical pressures and possibly some unforeseen issues,” the team stated on its Telegram channel.
The team, however, pledged its commitment to addressing the challenges as the blockchain moves towards mass adoption.
Hamster Kombat’s Journey to Fame
Hamster Kombat is a tap-to-earn game launched on The Telegram Open Network (TON). The initiative debuted in March and swiftly gained popularity, with over 300 million user accounts currently signed up to play the game.
Hamster Kombat’s token airdrop follows in the footsteps of other Telegram-based games like Catizen and Notcoin, whose tokens’ have also commenced trading. Notcoin’s launch of its NOT cryptocurrency was mostly seen as a success, with its market capitalization peaking at roughly $1.5 billion.
In the future, Hamster Kombat’s developers said they plan to use advertising revenue to buy back tokens for redistribution. Other plans highlighted include an NFT in-game asset integration for November and ecosystem expansion via launch in new regions. The team further announced its intention to launch a progressive web app, or PWA, for desktops, Apple and Android devices.
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