In an unexpected twist, the highly anticipated airdrop from the crypto-mining app Hamster Kombat, which had been generating buzz for months, has sparked outrage among thousands of Nigerians. After five months of tirelessly tapping to earn rewards, users were hopeful for the large payouts that the coin’s promoters had promised—many even envisioning themselves as future millionaires.
However, when the coin finally launched on Thursday, the reality was far from what users expected. Instead of the substantial financial gains they had anticipated, most received only between $1 and $4. Unverified reports indicated the highest earnings ranged between $7 and $17.
Social media has been flooded with frustration, with many users voicing their disappointment at receiving as little as ₦2.75 for their efforts. What was advertised as a chance for ordinary Nigerians to become wealthy and successful has instead resulted in widespread disillusionment. Many have accused Hamster Coin of being deceptive.
The once-optimistic community is now expressing its anger and disappointment, as what was supposed to be a life-changing opportunity has turned into a major letdown. Hamster Kombat, which launched in March 2024, officially announced the coin’s release via its X account on Thursday afternoon. The post read, “THE MOMENT IS HERE. $HMSTR trading has officially begun! Congratulations, and to the moon, CEOs. On-chain direct claim and balance withdrawal options are now available!”
This post, shared just two hours prior, had already received nearly a million views and over thirteen thousand comments.
An additional post, made about an hour later, read, “TAKE YOUR POSITION @binance just opened futures trading for $HMSTR! Trading with up to 75x leverage is available. Trade smart and follow your own risk policy! Where will the price go now?”
According to PUNCH Online, a check of CoinMarketCap revealed that the cryptocurrency, listed as HMSTR, ranked 114th and was valued at $0.008315 as of 3:36 PM on Thursday. Its market cap stood at $535.3 million, with a 24-hour trading volume of $448.7 million.
The disappointment follows another tap-to-earn app, Tapswap, powered by the TON Blockchain, which also left users disheartened as its token allocation has been repeatedly postponed.
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