The $HMSTR token, central to the Hamster Kombat game on Telegram, has recently become available for withdrawal as part of a much-anticipated airdrop.
With its listing on Binance, players are now eager to manage their tokens effectively.
This article provides a detailed, step-by-step guide on how to deposit your $HMSTR tokens from the Telegram mini-app into your Binance account.
Step 1: Accessing the Airdrop Section in the Mini-App
To begin the process, open the Telegram app and navigate to the Hamster Kombat mini-app. Within the app, locate and click on the ‘Airdrop’ section. This section is dedicated to managing your $HMSTR tokens, including withdrawal and deposit options.
Step 2: Selecting Binance for Withdrawal
In the Airdrop section, you will be prompted to select the platform for withdrawing your tokens.
Choose ‘Binance’ from the list of available exchanges. Once selected, confirm your choice by clicking ‘Yes, I have it.’
If you do not yet have a Binance account, you can register one here: Binance Registration.
Step 3: Copying the Binance Deposit Address
One of the most critical steps in this process is correctly copying the deposit address from Binance.
Since the $HMSTR token operates on The Open Network (TON), you must accurately input both the MEMO and Address provided by Binance.
Any error in copying these details could result in a failed transaction or loss of tokens. It is recommended to copy and paste these details directly from Binance to avoid any mistakes.
Step 4: Completing the Withdrawal
After entering the MEMO and Address into the Telegram mini-app, you can proceed with the withdrawal. This will transfer your $HMSTR tokens from the mini-app to your Binance account. Ensure that all details are correct before confirming the transaction.
Below is a step-by-step video demonstration of the steps outlined above.
Important Deadlines
It is important to note that the deadline for withdrawing $HMSTR tokens from the mini-app is September 21, 2024. After this date, you will no longer be able to transfer your tokens, so it is crucial to complete this process promptly.
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Understanding $HMSTR and Hamster Kombat
Hamster Kombat, launched in March 2024, is a Telegram-based game that has rapidly gained popularity, with over 300 million players within its first five months.
The game simulates the experience of being the CEO of a fictional crypto exchange, where players must navigate various challenges to grow their startup. The game’s integration with The Open Network (TON) has made it a significant player in the crypto gaming industry.
On July 30, 2024, Hamster Kombat released an updated whitepaper detailing the tokenomics of the $HMSTR token. Notably, 60% of the token’s total supply has been allocated for airdrops to players, making it one of the largest airdrop distributions in the history of cryptocurrency.
Key Metrics and Roadmap
As of September 12, 2024, the Hamster Kombat ecosystem has demonstrated substantial growth, both in terms of user engagement and the scale of its tokenomics. Below are the critical metrics that illustrate the project’s current status:
- Total Supply of $HMSTR: The total supply of $HMSTR tokens is fixed at 100 billion. This number will not change, providing a stable foundation for the token’s economy.
- Circulating Supply at Binance Listing: Upon its listing on Binance, approximately 64.38 billion $HMSTR tokens (or 64.38% of the total supply) will be in circulation. This large initial circulation is designed to provide liquidity and foster trading activity from the outset.
- Binance Launchpool Allocation: A total of 3 billion $HMSTR tokens (representing 3% of the total supply) will be allocated through Binance’s Launchpool, which is set to begin on September 23, 2024. This allocation will enable users to earn $HMSTR tokens by staking their Binance Coin (BNB) or other supported assets in the Launchpool.
- User Base: The game has amassed over 300 million players worldwide since its launch in March 2024, demonstrating rapid adoption and a broad reach across various regions.
- Monthly Active Users (MAU): As of September 2024, there are 82 million monthly active users engaged with Hamster Kombat. This high level of activity reflects strong player retention and frequent participation in game events.
- Daily Active Users (DAU): The game boasts 32 million daily active users, indicating a substantial daily engagement rate among its user base.
- Connected TON Wallets: Over 55 million TON wallets are connected to the Hamster Kombat game. This high number of connected wallets highlights the integration with The Open Network (TON) and indicates a solid foundation for future growth in the Web3 ecosystem.
Roadmap
| Quarter | Milestones |
|---|---|
| Q3 2024 |
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| Q4 2024 |
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| Q1 2025 |
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| Q2-Q3 2025 |
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To learn more about Hamster Kombat, read the Binance Research report on the project.
Hamster Kombat Price Prediction
At launch, $HMSTR will have an initial circulating supply representing 64.38% of its total 100 billion tokens. Key elements of the token distribution include:
- Player Season Rewards: 60% of the initial supply is allocated to players, fostering engagement and activity in the ecosystem.
- Binance Launchpool: 3% of the initial supply will be available through Binance Launchpool, incentivizing early participation and staking.
No additional tokens will be released into circulation for the first six months following the launch. This restricted release schedule will help minimize initial selling pressure, as only those who already possess tokens will have the opportunity to sell.
Post-Launch Token Release Schedule
From July 25, 2025, the token release schedule will become more aggressive. This phase will see the start of Season 2 player distributions, along with strategic allocations to partnerships and grants. Despite this increase in circulating supply, the allocations are expected to be handled with caution to avoid creating excess selling pressure.
The team has announced that they will not receive their tokens until October 2025, with a minimal impact on the price due to the small percentage (0.16%) allocated to them. This strategic approach reduces the risk of a sudden sell-off and promotes price stability.
Comparison to NOT
For context, consider the launch of Notcoin, the first Telegram-based tap game. Notcoin launched with an initial market cap of $1 billion, briefly dropped to $600 million, and then surged to a $2.69 billion market cap within a month—approximately a 3x increase from its lowest point.
Given the similarities between Notcoin and Hamster Kombat, a similar trajectory could be expected for $HMSTR.
Predicted Price Action for $HMSTR
Based on the factors outlined above, we predict the following price movement for $HMSTR:
Initial Launch Phase
We anticipate that $HMSTR will launch with a market cap of around $1.3 billion. The initial selling pressure will likely be countered by strong buying interest from those who did not participate in the airdrop or initial distribution but are motivated by a fear of missing out (FOMO).
Price Dip and Recovery
After the launch, $HMSTR may experience a brief dip to a market cap of around $1 billion, similar to Notcoin’s early performance. However, within approximately two months, we expect a rebound toward a market cap of close to $3 billion as interest grows and more players engage with the Hamster Kombat ecosystem.
Downward Trend and Future Announcements
Following this peak, a downward trend is likely until new announcements from the Hamster Kombat roadmap reignite interest.
With key updates and features expected in late 2024 and beyond, periodic price rallies are anticipated.
Personal take
The developments around Hamster Kombat and its $HMSTR token to be quite impressive. The game has grown rapidly since its launch in March 2024, reaching 300 million players in just five months.
This is a strong indicator of its viral appeal, with 99% of players joining through friend referrals. The daily engagement numbers are also noteworthy — 40 million players participate in daily activities, and 32 million users log in every day, reflecting a highly active and dedicated community.
The planned airdrop of $HMSTR tokens, which allocates 60% of the total supply (100 billion tokens) to the players, is set to be one of the largest airdrops in crypto history.
This approach could significantly boost user engagement and expand the ecosystem further. The initial circulating supply of 64.38 billion tokens on Binance, along with a dedicated 3 billion tokens for the Binance Launchpool starting on September 23, 2024, shows a well-structured strategy to ensure liquidity and market participation.
Overall, Hamster Kombat is leveraging its vast user base and innovative features to drive forward in the crypto gaming space, making it a project worth watching for both players and investors.
