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Hamster Kombat turns down venture capital offers

Hamster Kombat has attracted more than 300 million users to the game, setting records in Web3 game development

The Hamster Kombat team recently announced that they have declined all offers from leading venture capital firms in the cryptocurrency space.

They explained that their choice to forgo venture capital funding was driven by a desire to safeguard their player base and maintain a focus on delivering a meritocratic gaming experience that rewards players based on their actual gameplay.

This decision contrasts with many other crypto games and projects that accept venture capital funding. Critics of such funding often argue that venture capital firms might prioritize their own exit strategies over the long-term interests of the players, the team highlighted in an announcement on August 10.

The team did not disclose which venture firms had shown interest in supporting the Telegram-based game.

The developers of Hamster Kombat revealed that 60% of the upcoming HMSTR token will be allocated to players. The remaining portion will be designated for liquidity, future partnerships, in-game rewards, and the development of the ecosystem.

The “largest airdrop in crypto history”?

The developers of Hamster Kombat are generating excitement with their announcement of what they call “the largest airdrop in crypto history,” as the game continues to achieve impressive success in the Web3 gaming space.

In July, the team revealed that Hamster Kombat had surpassed 300 million players, building on its initial milestone of 239 million users in just 81 days. Both the team and Telegram founder Pavel Durov have emphasized the game’s potential to introduce blockchain technology to a wide audience, possibly accelerating its broader adoption.

Crypto exchange Bybit has already listed HMSTR for premarket trading on its over-the-counter (OTC) platform, allowing users to purchase the token before it officially launches on traditional exchanges.

Trouble in Hamster paradise

Bybit has acknowledged that OTC trading could influence the token’s final listing price, but also noted that various factors will likely affect the spot trading price of HMSTR once it is officially available.

Hamster Kombat’s swift success has attracted malicious actors and scammers who are advertising fake HMSTR airdrops to the game’s community.

These fraudulent airdrops and advanced phishing attacks have led the Hamster Kombat team to issue a warning on Telegram. They advised users to be cautious of anyone or any group claiming to sell the token, as HMSTR has not yet been officially released.

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