The Reason Behind Hamster Kombat Rejecting Big Investors: “To Protect the Community”

Bittime - Hamster Kombat surprised the public because it released a quite bold announcement. The developer refused big investors to fund the game. The reason? “To protect the community.” Read more in this article!

Hamster Kombat, which was launched last April, has recorded tremendous user growth. In a short time, this game managed to reach more than 300 million users, surpassing the 200 million figure achieved in June. 

This success has of course attracted the interest of large investors who want to take part in this newest crypto "cake".

Hamster Kombat Rejects Big Investors

However, to the surprise of many parties, the Hamster Kombat team chose to reject these tempting offers. Through an announcement on their official Telegram channel, the development team emphasized that they value our players much higher than any investor.

Balso: Hamster Kombat Price in Pre-Market

This decision certainly invited admiration from the crypto community. In the midst of the proliferation of Web3 projects which often become "money machines" for venture capitalists, Hamster Kombat chooses to remain true to its initial principles. 

They remain focused on providing equal opportunities for all players, regardless of their economic background.

This philosophy is reflected in the planned HMSTR token airdrop which is claimed to be "the largest in crypto history". As much as 60% of the total tokens will be distributed to players on The Open Network (TON) network.

This move shows Hamster Kombat's commitment to distributing wealth more evenly among its community.

The Negative Side of Hamster Kombat's Success

However, the success of Hamster Kombat also invites new threats. Many fraudsters try to take advantage of the community's high enthusiasm by spreading fake airdrops and launching phishing attacks. 

The development team also had to intervene, warning users to be wary of HMSTR token sale offers that have not been officially launched.

Criticism of venture capital funding in the crypto world is not without reason. In the last few months, many parties have highlighted the practice of "exit liquidity". 

This means that crypto projects are building a user base only to be leveraged as an exit for their early investors. As a result, it is often public investors who suffer losses when token prices fall after being launched on exchanges.

Balso: Hamster Kombat Listing: Tokenomics and HMSTR Token Distribution

Hamster Kombat tries to avoid this pattern. The developers emphasized that the only way to earn HMSTR tokens in the future is to play the game. 

Even venture capital companies have to buy tokens on exchanges like ordinary users if they want to own them.

Hamster Kombat's bold move marks an important shift in the Web3 ecosystem. Amid growing interest in artificial intelligence (AI) technology, many venture capital investors are now under pressure to return capital. 

However, Hamster Kombat chose to remain focused on product development and community service, instead of chasing quick funding.

Although crypto funding experienced a decline in 2023, the last three quarters showed signs of recovery. The PitchBook report notes investment value reaching $2.7 billion in the second quarter of 2024, marking a 2.5% increase in total invested capital compared to the previous quarter.

Conclusion

Hamster Kombat's decision to reject venture capital funding may be unusual. However, this reflects a paradigm shift in the crypto industry. 

With a focus on building a strong community and a more even distribution of wealth, Hamster Kombat may be setting a new standard for future Web3 projects. 

Meanwhile, the crypto world will continue to watch the game's development with interest, waiting to see whether their unique business model will prove successful in the long term.

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You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.