Many Nigerians have been mining crypto from Hamster Kombat for months. Not a few anticipated high returns.

But in a new twist of events, The Nigerian Tribune has reported how the crypto-mining app disappointed Nigerians.

 In a shocking turn of events, the much-anticipated airdrop from crypto-mining app, Hamster Kombat, which had been trending for months, has left thousands of Nigerians in uproar.

After five long months of continuous tapping to earn rewards, users expected substantial payouts promised by the coin’s promoters—some dreaming of becoming millionaires.

However, as the coin finally launched on Thursday, the reality hit hard: instead of the massive financial rewards users had been led to believe, most payouts so far ranged from a mere 1 to 4 dollars.

Unconfirmed reports about the highest earner so far ranged from 7 to 17 dollars.

Can you imagine?

This is not the first and last time foreign companies will dupe Nigerians. Evidently, the proposers of businesses like these often find large patronage in Nigeria, making it easy for them to trend online.

Popular Telegram game Hamster Kombat has now launched its long-awaited HMSTR token Thursday on The Open Network (TON), and while some players complained of smaller-than-expected airdrops feeling like “dust,” the token saw sizable trading action in its first day on the market.

Some people are alarmed at this dusty start. However, the thing is if you were affected, how will your efforts be toward Kombat mining?

HMSTR logged more than $1.2 billion worth of trading volume in its first 24 hours, per data from CoinGecko early Friday, putting it not far behind the 24-hour trading of top cryptocurrencies like Binance Coin (BNB), Dogecoin (DOGE), and XRP.

The token is currently priced at $0.0067, down approximately 18% over the last 24 hours and settling at a current market cap of about $430 million.

That seems to go down well with some crypto investors and it seems like a good start.

That put it in the top 200 overall coins by market cap, though it’s notably below the $970 million market cap of Notcoin, the original game that kick-started the Telegram tap-to-earn craze earlier this year.

More importantly, will the Open Network would be able to handle the strain of distributing the token to potentially over 100 million players? That’s one big question needing an answer.

That question was prompted in late August when the network stopped producing blocks—effectively shutting down—twice in a single week due to immense demand for airdrop claims for a meme coin called DOGS. The spurts of downtime bookended the announcement of the Hamster Kombat airdrop and token launch date.

TON Core developers even warned earlier this month that airdrops for games like Hamster Kombat and Catizen could lead to further network interruptions.

Hamster Kombat crossed another milestone today with the announcement of OKX, a top cryptocurrency exchange in the industry listing it on its platform for Pre-market futures trading.  

The Hamster Kombat project has stalled lately with players of the Web 3 game speculating on the listing date of the project.  

OKX announced its listing of Hamster Kombat and other relevant tokens on its official X page which it pinned to the top of its profile.

Tap to earn is a new trend in market and we all should follow the trend as i always believe TREND IS YOUR FRIEND, Let’s understand the way we can make free earn money online.

Unanswered Questions and Concerns

Despite its popularity, Hamster Kombat remains shrouded in mystery. Alireza Manafi, an internet and digital security researcher in Toronto, said that many fundamental aspects of the game are unclear.

He points out several dark spots in the rise and fall of Hamster Kombat’s popularity, which its creators have yet to address.

Unlike many established cryptocurrencies, Hamster Kombat does not have a white paper. A white paper is crucial as it provides detailed information about the cryptocurrency, including its technology, development plans, and the underlying company’s vision.

The absence of such a document indicates a lack of transparency and detailed planning.

The game does not provide clear information about its privacy policy. Users are left in the dark about what happens when they tap their phones—whether they are mining cryptocurrency, where their data goes, and the overall purpose of their actions.

With 100 million users within a few weeks, the game’s rapid growth raises concerns about security and data privacy. Users and researchers alike are wary of potential risks associated with this sudden surge in popularity.

Manafi emphasizes the importance of these unanswered questions, stating that the game’s lack of transparency and detailed information are significant red flags.

Source

Until a few weeks ago, Hamster Kombat was relatively unknown, but it has quickly become a hot topic among young people in Iran.

Some engage with it humorously, while others spend hours daily tapping their screens, seeking answers to their questions about the game.

Launched in March on Telegram, Hamster Kombat is a decentralized virtual environment that supports decentralized applications.

The game begins with a Telegram mini-application, allowing users to invite others to tap their mobile screens to collect coins and advertise it on their social media pages.

This application is now very popular in Iran. The next generation is Nigeria.