Since the success of Notcoin, a play-to-earn game that rewarded users with tokens for tapping the screen, similar games have been surging in popularity. It is a fairly new concept that combines features of gaming, mining, and blockchain technology to attract new users. The recently launched Hamster Kombat is the talk of the town, and it just hit a new milestone: over 200M users.
While many people considered Hamster Kombat a silly game that can’t bring any actual profits to players, they seem to have been wrong. On July 8, 2024 a crypto exchange Bybit announced the listing of Hamster Kombat’s token for pre-market trading. This means that users can bid for the Hamster Kombat tokens of the Bybit platform before its official launch and the following listing for spot trading. On the website, the roadmap indicates that the HMSTR token may be launched in July 2024.
While there is no information about the Hamster Kombat listing date at the moment, it may be a good idea to learn more about this asset. Let’s see what it’s all about and how you may use the hype to stay ahead of the trading game.
What is Hamster Kombat?
Hamster Kombat is a Telegram-based game with the main idea of earning points by tapping the screen and completing challenges. Though the points do not hold any value just yet, similarly to Notcoin, Hamster Kombat is heading for a token launch on The Open Network (TON). After the launch, the points earned in the game will likely be converted to real tokens.
The mechanics of the game are what draws a lot of participants in. According to the plot, the player chooses a crypto exchange (for example, Binance, Bybit, OKX, HTX, Kucoin, etc.) from the list and becomes its CEO. The task is to “pump” the crypto exchange to the maximum level by tapping and earning coins. There are ten levels in total: from Bronze to “Lord”. To advance to the Silver level, you will need to accumulate 5000 coins, but getting to the final level will require collecting 1 billion. At each level, the amount of coins per click increases.
The game also includes daily challenges that increase the amount of coins a player can receive. Among them are watching videos, inviting friends, subscribing to social media, and more.
The Hamster Kombat Telegram page already has over 28 million subscribers, which is about 20M more than the Notcoin Community page subscriber count. Players are anticipating the token launch and the user base of the game only keeps growing.
Is Hamster Kombat legit?
While currently, the project is no more than just a game, since there is no immediate gratification for earning points, so far, there has been no reason to doubt its legitimacy. The game’s developers promise a retrodrop of the token, saying that the coins will be distributed among the players based on their activity and the number of points they earned in the game.
So far, only one game of the genre has been taken to the next level: Notcoin. Back in May, Notcoin got listed on major crypto exchanges like Binance, Bybit, OKX, and others.
The Rise of Coins
HMSTR is not the only token that created so much hype in the online space. Coins and tokens are created by the hundreds, and some of them get pumped after receiving increased social media attention, like the PEPE coin. An entire community arose around it on X (ex-Twitter) and Telegram, resulting in a surge in its price.
Others, like Dogecoin, get increased attention after a shoutout from a celebrity like Elon Musk. His campaign for DOGE on X caused the coin’s price to skyrocket. In January 2021, after Musk’s encouragement, the coin was pumped over 800% in just 24 hours, leading the cryptocurrency to be listed on Coinbase.
If you are a crypto trader, this is an exciting time for you. IQ Option offers trading on over 50 cryptocurrencies, including PEPE, DOGE, FLOKI, BONK, and many more. Known to be volatile, crypto assets can bring many entry opportunities and potential gains. Don’t miss out: try your hand at trading coins on the Practice account!
