thecoinrepublic.com
Hamster Kombat has sustained its success without resorting to venture capital, focusing on player engagement instead of seeking investors.
The game, which has garnered 300 million users since March, is still going strong. This strategy points to the continued trend of Web3 projects favoring community-based growth over the support of traditional venture capital.
Hamster Kombat Thrives Without Venture Capital Funding
Hamster Kombat has never accepted venture capital funding and has always put its players first since its establishment. Nevertheless, the game has become popular and profitable, demonstrating a viable model that does not require outside investment. This decision is consistent with the sentiment within the crypto community that high VC ownership is unsuitable for token prices.
Venture capital-backed projects have recently witnessed severe declines in the value of tokens, which has angered retail investors. The large share of tokens held by VCs deters retail investors from staying in these projects. This has helped retain players and the overall credibility of Hamster Kombat since it did not follow this path.
Hamster Kombat Reserves 60% Tokens for Players
Hamster Kombat has reserved 60% of its future HMSTR token supply for the game players, which means the community will significantly benefit. The remaining 40% is dedicated to liquidity, ecosystem partnerships, and rewards to prevent the concentration of ownership in a single entity. This player-centric approach builds trust and ensures that the player is engaged in the game.
The project’s developers also recently unveiled what they consider the biggest airdrop in the history of cryptocurrency. This program encourages players through gameplay, social interactions, and accomplishments. By emphasizing rewards, Hamster Kombat enhances its community and underlines its dedication to decentralization.
However, the game has problems, such as phishing attacks and regulatory bans in countries like Uzbekistan and Iran. Nevertheless, Hamster Kombat remains on guard and collaborates with cybersecurity companies such as Kaspersky to safeguard its users. The measures taken by the project against scams also contribute to strengthening the reputation and trust of the players.
Web3 Adoption Boosted by Blockchain Integration in Game
Hamster Kombat also seeks to act as an entrance for new users joining the Web3 ecosystem. The game is easy to introduce to new users through the incorporation of blockchain and cryptocurrencies within the more easily recognizable Telegram application. This fits into the vision of onboarding the next billion users into the Web3 environment.
Justin Hyun, Director of Investments at TON Foundation, called Telegram a ‘Trojan horse’ for the mass adoption of blockchain technology. Hamster Kombat takes advantage of this potential and allows users to interact with the blockchain without knowing much about it. Moreover, this helps to bring more people to the game and, in general, to the world of Web3.