Gaming • July 30, 2024, 10:00AM EDT
UPDATED: July 30, 2024, 1:31PM EDT
Quick Take
- Tap-to-earn game Hamster Kombat said in a new whitepaper that 60% of its token airdrop will be dedicated to players.
- The Hamster Kombat team claims it will be the largest airdrop in the history of crypto and said they are “actively working on making the airdrop happen,” which was originally slated to occur this month.
- In a Telegram post, the game’s team said that due to the technical challenges of the airdrop it has become “impossible to predict” when it will happen.
Shedding more light on what could become one of the highest-profile token airdrops in recent memory, the team behind the Telegram tap-to-earn game Hamster Kombat released a new whitepaper on Tuesday with details related to the project's tokenomics. The Hamster Kombat team, in its whitepaper, claimed both that it is planning the "largest airdrop in the history of crypto" and that the game now has 300 million users. According to the whitepaper, 60% of the upcoming token airdrop will be "dedicated" to players. "The rest is reserved for providing market liquidity, ecosystem partnerships and grants, rewarding squads, and other items," the Hamster Kombat whitepaper also said. The game's developers also stated that investment firms or venture capitalists do not back Hamster Kombat and, therefore, is not subject to "sell pressure." Originally the game intended its first airdrop this month, but then announced on Tuesday that executing the drop is proving to be challenging operation. "The Hamster token airdrop is a technically complex undertaking ... We're not setting specific dates for one simple reason: it's impossible to predict the exact timeline for implementing this solution," the game's developers posted in an official Telegram group. Hamster Kombat has emerged as a curious enigma in the world of crypto. Its anonymous founders appear to have built up, in an extraordinarily short amount of time, a robust community of gamers eager to earn token rewards by playing the simple clicker game based on The Open Network, or TON
+8.74%
blockchain. While it's unclear how many bots make up Hamster Kombat's overall user base, it does appear that game has attracted a lot of attention. The new game also benefited from the success of another Telegram-based clicker game, Notcoin, which in May airdropped more than 80 billion NOT tokens, worth about $1 billion at the time. Hamster Kombat's founders recently told The Block that Notcoin's success inspired their game. On Tuesday, Hamster Kombat also announced that it plans beyond this first airdrop, calling it the "first step in building the Hamster ecosystem, which will extend far beyond the current game." The developers said the game has 50 million daily active users spread over 190 countries. The game's team also said in its whitepaper that Hamster Kombat is already a "profitable business" and there is "no need to sell team token allocations to pay the bills." Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
About Author
RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.