Hmstr

Answered at Sep 27, 2024

Hmstr: A Brief Overview of the Cryptocurrency Token

Introduction

Hmstr, short for Hamster Kombat (HMSTR), is a crypto token that's gained attention in the digital asset space. Launched on The Open Network (TON) blockchain, Hmstr serves as the native currency for a Telegram-based crypto game.

Key Features

Gaming Integration

Hmstr is central to the Hamster Kombat game, where players manage virtual crypto exchanges. The game's play-to-earn model lets users earn HMSTR tokens through various activities:

  • Daily Cipher Codes
  • Daily Combo challenges
  • Other in-game tasks

Token Utility

HMSTR has multiple uses within its ecosystem:

  1. In-game purchases (upgrades, items)
  2. Participation in exclusive events
  3. Transactions across Hamster-branded platforms

Token Distribution

  • Total supply: 100 billion HMSTR
  • Circulating supply at launch: 64.375 billion (~64.38%)
  • Planned airdrop: 60% of total supply to players

Market Presence

Hmstr has gained listings on major crypto exchanges:

  • Binance
  • Bybit
  • Crypto.com
  • Bitfinex

These listings provide liquidity and trading options for HMSTR holders.

Tokenomics

While exact figures aren't provided, the token allocation includes:

  • Community rewards
  • Ecosystem development
  • Team and advisors
  • Liquidity provision

Technical Aspects

  1. Blockchain: The Open Network (TON)
  2. Token type: Utility token
  3. Security measures:
    • Two-factor authentication (2FA)
    • Whitelist system for approved addresses

Recent Developments

  1. Binance Launchpool listing (September 2024)

    • Users can stake BNB or FDUSD to earn HMSTR
    • Farming period: 3 days
    • Total rewards: 3 billion HMSTR (3% of supply)

  2. Bybit listing announcement

    • Expands TON blockchain offerings on the platform

Future Plans

The Hamster Kombat team has outlined several goals for 2024:

  1. Launch of game's second season
  2. Expansion of game library
  3. Integration of external payment systems

Investment Considerations

While Hmstr has gained traction, potential investors should note:

  • High volatility common in crypto markets
  • Regulatory uncertainties in the gaming token space
  • Dependence on Hamster Kombat's continued popularity

Conclusion

Hmstr represents an interesting intersection of gaming and crypto. Its success hinges on Hamster Kombat's ability to maintain and grow its user base while expanding utility beyond the game. As with any crypto investment, thorough research and caution are advised.

Note: This report is based on information available as of September 27, 2024. Crypto markets are highly volatile, and conditions may change rapidly.