Could Hamster’s Airdrop Make You a Millionaire?
By Pratik Bhuyan November 1, 2024
Introduction
The upcoming launch of Hamster Kombat’s $HMSTR token is generating quite the buzz within the crypto and gaming communities. Built on the TON blockchain, this gaming token is set to be listed on major exchanges like Bybit and OKX on September 26, 2024. But what can we expect for its launch price and can anyone become a crypto millionaire from this airdrop? Let’s break it down and take a calculated guess.
Crunching the Numbers
The total supply of $HMSTR is capped at 10 billion, with 60% set to be airdropped directly to players. That means, at the TGE, the circulating supply will be 6 billion tokens.
Based on a projected market cap of $500 million at launch—comparable to leading projects like Axie Infinity in the same gaming genre—the estimated token price would be:
Price per token = Market Cap ÷ Circulating Supply = $500M ÷ 6B = $0.0833
So, the FDV in that case would be about $830M.
Here’s where things get interesting:
Hamster Kombat operates with a unique gameplay system that determines token distribution based on a player’s activity and hourly revenue, rather than directly linking it to the user's coin balance. Essentially, the more you play and the higher your rank, the more you’ll rake in. Players are divided into ranks from Bronze all the way up to Grandmaster and Lord.
A rough breakdown of where the player base stands:
- Bronze: 50% of players
- Silver: 25%
- Gold: 12.5%
- Platinum: 6.25%
- Diamond: 3.13%
- Epic: 1.56%
- Legendary: 0.78%
- And it goes all the way down to Lord with just 0.1% of players.
At the Bronze level (where most of us mortals will be), you can earn up to a maximum 5,000 coins. Now, if Hamster keeps the conversion rate at 1 $HMSTR = 1 coin, your maximum potential return would be:
5,000 coins x $0.0833 = $416.
So, if you belong to the Bronze category, you won’t be able to make the cut. To reach millionaire status, you'd need 12 million tokens/coins at a price of $0.0833 per token. To achieve that, you’d need to reach the Legendary Level, which only 0.78% of players attain.
Price Outlook Post-Launch
Let’s be real for a second—when $HMSTR finally hits the market, it’s going to face a whirlwind of sell orders. Based on typical post-launch behaviour, it’s possible that $HMSTR could see a 50% drop from its initial surge, especially as users convert their gameplay earnings into cash. This would potentially bring the price to around $0.0416, further lowering your chances of being a crypto millionaire.
The Bottom Line
So, will the $HMSTR airdrop actually create a few millionaires? Well, it’s possible, but it all depends on your rank, how many coins you’ve earned and how the market reacts post-launch. All our calculations hinge on the market cap $HMSTR is able to attain. The token price will entirely depend on that, and the price we deduced is by no means an accurate prediction for $HMSTR—we could be way off the mark!
Our goal was simply to present you with the math to help gauge your potential airdrop value. Also, it’s worth noting that we assumed that all users in the airdrop are legitimate, but it's highly possible that many could be Sybil accounts (users using multiple accounts). So, take it with a grain of salt and stay tuned for the real action on September 26th!
For more crypto insights, be sure to subscribe to our Beluga Brief Newsletter below!