Hamster Kombat turned down VC offers to ‘protect players’

Popular Telegram-based game Hamster Kombat said it has turned down multiple offers from top Web3 venture capital firms to invest in its project. The team behind the game disclosed this on Telegram, noting that it took the step to protect its players from becoming exit liquidity.

Although it did not mention any particular VC firms, the announcement claims that these firms are some of the biggest in the Web3 space. Investors’ interest in Hamster Kombat is unsurprising given the platform’s popularity and user base of over 300 million in less than six months.

We rejected VCs to protect players: Hamster Kombat team

The team stated that the primary reason for turning down any offer from VCs is to safeguard the players’ interests. Without investors, the only method to obtain the HMSTR token would be to play the game. As a result, any prospective investor would have to acquire the token from exchanges once it begins trading.

Part of the statement read, “This approach ensures that everyone has the same opportunity, regardless of wealth. In Hamster Kombat, anyone can win, and ultimately, we all win together.”

The project has already allocated 60% of the HMSTR token supply to players for what they claim will be the “largest airdrop ever.” Although the team will control the remaining 40%, it has said that it has no intention of dumping it on the players as the funds would go towards community development.

Meanwhile, Hamster Kombat also took a swipe at other Web3 projects that rely on VC funding. It noted that VCs usually use the core users of these projects as exit liquidity, and the projects themselves focus on building and marketing to secure funding instead of building for the community.

With this statement, the Hamster Kombat team expects to distinguish itself from other projects by proclaiming the priority it gives to developing and defending community interests.

No date for HMSTR airdrop

Meanwhile, players remain in the dark about the much-anticipated airdrop of the HMSTR token. The developers claimed a few weeks ago that the delay is due to the size of the airdrop, and it is already working on technical solutions to ensure fair distribution.

Since then, the team has not informed the community about any developments or clarified how in-game coins would be converted and the total supply of HMSTR tokens. However, the project has added the Airdrop section to its Telegram mini-app, a likely positive sign.

While the team is still working on the listing process, several exchanges, including OKX, ByBit, KuCoin, Gate.io, and Bitget, already have HMSTR listed for pre-market trading. Binance is also considering listing the token, but only after its airdrop. The token is trading at $0.199 on ByBit with a trading volume of 2.18 million in 24 hours.