tl;dr
The Hamster Kombat's HMSTR token experienced a 20% price drop, sparking discussions among airdrop winners. Trading at $0.014 initially, the price fell to around $0.011. Hamster Kombat, a tap-to-earn game built on the Open Network (TON) blockchain, distributed 60 billion tokens to 131 million qualify...
Hamster Kombat's HMSTR token price drops by 20%, sparking discussions among airdrop winners
Hamster Kombat distributes 60 billion tokens on TON blockchain, impacting TON's user traffic and posing a crucial test
Hamster Kombat unveils strategic roadmap, including development of Web3 gaming platform, NFT integration, and token distribution strategy
The Hamster Kombat's HMSTR token experienced a 20% price drop, sparking discussions among airdrop winners. Trading at $0.014 initially, the price fell to around $0.011. Hamster Kombat, a tap-to-earn game built on the Open Network (TON) blockchain, distributed 60 billion tokens to 131 million qualifying players in its first season. The TON blockchain, associated with Telegram, faced high user traffic after the token launch, with the game amassing over 300 million users since its March launch. Trading started on Thursday at 12:00 UTC on exchanges like Binance, OKX, Bitfinex, and Bitget. The platform also enabled on-chain token claims with immediate withdrawal options. This release serves as a crucial test for the TON blockchain, which previously experienced outages during the DOGS airdrop in August.
Hamster Kombat's strategic roadmap includes the development of a Web3 gaming platform integrating external payment systems and NFTs, along with a dedicated advertising network to support the games. Only 43% of the game's total user base received tokens in the airdrop, with 11.25% of the distributed tokens locked for 10 months to stabilize the token price and create long-term value for holders. The listing of Hamster Kombat’s HMSTR token witnessed a dramatic 20% drop in its price, stirring discussions among airdrop winners. Initially trading at $0.014, the token’s price has slipped to approximately $0.011.
Developed on The Open Network (TON) blockchain, Hamster Kombat rewarded 131 million qualifying players with a distribution of 60 billion tokens from its first season. The TON blockchain, closely linked with Telegram, has managed high user traffic following the token launch. Since launching in March, the game itself has amassed over 300 million users. Trading commenced at 12:00 UTC on Thursday, with listings on prominent exchanges like Binance, OKX, Bitfinex, and Bitget. Alongside the trading, the platform enabled on-chain token claims, with options for immediate withdrawal.
This token release serves as a significant benchmark for Hamster Kombat and also poses a crucial test for the TON blockchain. The latter experienced outages during the DOGS airdrop in August. Developers had forewarned about the increased load expected from transactions by Hamster Kombat’s extensive user base.
Moreover, Hamster Kombat unveiled its strategic roadmap on Wednesday. The plan details the development of a Web3 gaming platform that integrates external payment systems and introduces new games. It also incorporates non-fungible tokens (NFTs) as in-game assets. Additionally, the roadmap includes the creation of a dedicated advertising network to support the games. Revenues from this network will fund token buybacks and rewards distribution.
Interestingly, only 43% of the game’s total user base received tokens in this airdrop. Furthermore, 11.25% of the tokens distributed during the first season are locked for 10 months. This distribution strategy and the lock-up period aim to stabilize the token price and foster long-term value for holders.
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry Sector: MANUFACTURING
Key Statistics:
- Ship & Boat Building & Repairing
- Market Cap: $82.9 billion
- P/E Ratio: 23.51
- Dividend Yield: 5.48%
- Earnings Per Share (EPS): 12.83
- Price/Earnings to Growth (PEG) Ratio: 0.0789
- Revenue: $44.946 billion
- Operating Income: $3.2316 billion
- Beta: 0.207
- Volatility: 0.18