Play-to-Earn Game Fever, Are Hamster Kombat and Blum Safe?

Bittime – The world is increasingly excited about the Telegram game trend. This is definitely due to the influence of Hamster Kombat until Blum has received great attention. With capital "tap-tap", the money flows.

However, are these play-to-earn games really legit, or are they just a waste of time? Are Hamster Kombat and Blum which are currently being discussed really safe or are they just games to pass your free time?

Let's explore popular Telegram-based games like Hamster Kombat and Blum, to see if they are worth your time and effort.

Mengenal Game Tap-to-Earn dan Play-to-Earn

Tap-to-earn (T2E) and play-to-earn (P2E) games are as simple as their names, played by “tapping” the screen and coin bonuses arriving. And the rewards are not only in-game coins, but also crypto with its airdrop system.

In tap-to-earn games, players can earn cryptocurrency by performing simple actions such as tapping or clicking.

Meanwhile, play-to-earn games involve more complex tasks, such as completing missions or trading in-game items.

Read Also: Crypto Users Have Not Reached 50 Million Users, Will Airdrop Come Soon?

Why Are P2E and T2E Games So Popular?

The popularity of this game is driven by the attractive promise of earning real money while having fun. This is an attractive win-win situation for many people, especially combined with the thrill of dealing with cryptocurrency.

This combination has created a huge trend that continues to attract more and more players.

The main idea behind this game is that players can collect cryptocurrency, which can later be converted into real money. The mechanics of this game vary.

Some games may reward players with coins for completing tasks, while others offer in-game items that can be sold or traded. The theory is simple: the more you play, the more you earn.

However, the question is whether this game is really profitable or just entertainment? Let's take a closer look.

Dissecting Hamster Kombat: Token Price, Withdrawal Options, and Legitimacy

Hamster Kombat is a tap-to-earn game on Telegram where players take on the role of a hamster CEO who manages a virtual crypto exchange.

This game combines strategy, card collection and blockchain technology, offering the potential to earn cryptocurrency. However, this game raises some important questions.

Is Hamster Kombat Legit?

While there is nothing legally questionable about the creators of Hamster Kombat, the game carries significant risks.

Developers have minimal obligations to players, meaning if you can't exchange in-game points for real money, there's not much recourse.

Such risks include the possibility of virtual coins losing value after release, games suddenly closing, and potential misuse of personal data.

Additionally, with over 100 million users, it is doubtful that the game will pay out to everyone as promised, making the prospects of making money through this game very uncertain.

Hamster Kombat Token Price

The $HMSTR token was initially expected to launch in July 2024. However, due to technical delays, the launch is still uncertain.

Without an official token listing, there is no set price, leaving players in limbo. The lack of clarity surrounding the token's future makes relying on it for profits a risky venture.

Even if you've accumulated a significant amount of points in Hamster Kombat, the lack of token listing means there's currently no way to withdraw or convert those points into real money.

As a result, players were left waiting for the launch of the $HMSTR token, with no guarantee it would launch.

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Understand Blum: Token Price, Withdrawal Options, and Legitimacy

Blum is another Telegram-based game, described as a hybrid exchange mini-app that combines the features of centralized and decentralized exchanges.

This simplifies derivatives trading and provides access to tokens across blockchains.

Blum.io claims to offer a variety of blockchain development, token trading, and DeFi tools. However, closer inspection reveals a potential problem.

Blum stated that they were featured on Binance Labs, however we were unable to verify this claim.

The only evidence we found is that Blum participated in the MVB (Most Valuable Builder) VII program, along with 100 other DeFi projects.

MVB VII is an accelerator program by BNB Chain and Binance Labs, which aims to nurture Web3 developers and expand the BNB Chain ecosystem. Does this confirm Blum's legitimacy? Possible.

Blum Token Withdrawal Options

Blum tokens are scheduled to be listed on Binance in August 2024. Until then, users cannot withdraw or convert their points into money. Uncertainty surrounding the value of the token remains until the official listing occurs.

Once Blum tokens are listed, users will potentially sell their tokens on crypto exchanges. Here's how it works:

1. Create an account on a crypto exchange that lists Blum.
2. Complete the necessary verification steps to enable trading and withdrawals.
3. Transfer your Blum tokens from your Blum wallet to the crypto exchange wallet you previously registered with.
4. Once the tokens are in your crypto exchange wallet, you can place a sell order to convert your Blum tokens into cryptocurrency or other fiat currency.
5. After selling your Blum tokens, you can withdraw the proceeds. For cryptocurrency, transfer to your external wallet. For fiat currency, connect your bank account to Binance and withdraw directly.

Read Also: Vitalik Buterin Clarifies Ethereum Layer 2 Risks

Conclusion

While tap-to-earn and play-to-earn games like Hamster Kombat and Blum offer entertainment, their financial promise is questionable.

Before deciding to invest time and effort in this game, it is important to consider the risks involved and realistically evaluate the profit potential.

If you are interested in trying these games, do it carefully and don't expect big financial profits.

Enjoy the entertainment on offer and consider the risks associated with investing in cryptocurrency.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way 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 make sure that 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. 

Learn How to Buy Crypto on Bittime.

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