NAIROBI (CoinChapter.com)—The HMSTR token from Hamster Kombat is set to make its debut on major exchanges, including Bybit, OKX, and Gate.io, on Sept. 26, 2024. In conjunction with the listing, more than 1 billion tokens will be distributed in a large airdrop aimed at increasing user engagement. However, concerns have been raised about potential market volatility once trading commences due to the significant size of the airdrop.

Hamster Kombat’s listing has been confirmed on six exchanges. Source: X

The project is adopting a community-driven approach by allocating 60% of the total token supply to miners, excluding venture capitalists in favor of building a decentralized ecosystem. With a large number of tokens entering the market, concerns have been raised about potential impact on the token’s price following the initial listing.

Financial analyst Vladislav Antonov from Bitriver has expressed caution about the future of Hamster Kombat post-airdrop, suggesting that initial interest generated by the airdrop may quickly diminish as users trade their HMSTR tokens for other cryptocurrencies.

Antonov has also highlighted concerns about the simplicity of the game’s tap-to-earn mechanics, suggesting that users may lose interest quickly if the gameplay remains basic. He also pointed out potential challenges with the token’s distribution process and legal issues related to the game’s origin. Additionally, there is a risk of the TON blockchain being overwhelmed by a high volume of airdrop claims, similar to what occurred with the DOGS token last week.

Speculation about a potential listing on Binance has circulated, although no confirmation has been provided by the exchange. A Binance listing could potentially enhance the token’s liquidity and visibility.