In a surprising twist, the highly anticipated Hamster Kombat has sparked outrage among thousands of Nigerians.
After five months of continuous effort to earn rewards, users had hoped for significant payouts promised by the coin’s promoters, with some even dreaming of becoming millionaires.
However, as the coin finally launched on Thursday, users faced a harsh reality: instead of the substantial financial gains they had been led to expect, payouts were disappointingly low, ranging from just 1 to 4 dollars.
Unverified reports suggest that the highest earnings so far have only reached between 7 and 17 dollars.
Social media is buzzing with frustration as users express their dismay at receiving as little as ₦2.75 for their efforts.
What was marketed as a campaign to elevate everyday Nigerians to billionaire and CEO status has instead resulted in widespread disappointment and anger.
Nigerians have taken to various platforms to voice their outrage, accusing Hamster Coin of deception.
The once-hopeful community of participants is now filled with “tears and wailings,” as what was expected to be a transformative opportunity has turned into a disheartening letdown.
Hamster Kombat was launched in March 2024, and on Thursday afternoon, the official X account, #hamster_kombat, announced the long-awaited debut of the coin.
It read, “THE MOMENT IS HERE
“$HMSTR trading has official begun! Congratulations, and to the moon, CEOs.
“On-chain is on. On-chain direct claim and balance withdrawal options are open. You can now transfer your tokens anywhere!”
The post, shared less than two hours ago, has already garnered nearly one million views and over thirteen thousand comments.
Another post made about an hour after read, “TAKE YOUR POSITION @binance just opened futures trading for $HMSTR!
“Trading with up to 75x leverage is available. Trade smart and follow your own risk policy! Where will the price go now?”
According to verification with CoinMarketCap, the crypto asset was listed as HMSTR at number 114, valued at $0.008315 around 3:36 PM on Thursday.
The market capitalization is estimated at $535.3 million, with a trading volume of $448.7 million since its launch over the past 24 hours.
Tap for money: 𝐍𝐢𝐠𝐞𝐫𝐢𝐚𝐧𝐬 react 𝐚𝐬 𝐇𝐚𝐦𝐬𝐭𝐞𝐫 𝐊𝐨𝐦𝐛𝐚𝐭 𝐩𝐚𝐲𝐨𝐮𝐭𝐬 𝐟𝐚𝐥𝐥 𝐟𝐥𝐚𝐭#Hamster_Kombat #HMSTR #Bobrisky #Falz pic.twitter.com/ECvh40cQq0
— NewsClick Nigeria Media (@NewsClickng) September 26, 2024
Netizens react
See what Hamster did to my dad 😭😭 #HMSTR pic.twitter.com/ElDDxyjasW
— Tolu Of Canada🇨🇦🇨🇦 (@Not_Tolulope) September 26, 2024
Na exactly wetin Hamster do be this.
Broad daylight robbery. #HMSTR pic.twitter.com/b3KDApu5hc— ANI✊🏾💯 (@ani_ukpanah) September 26, 2024
Money no reach do screen wey crack during tapping. #HMSTR pic.twitter.com/VsZzhDBumu
— D🅾️L (@Dukeoflagos_) September 26, 2024
Hamster, you was my last hope out the trenches. Bruh what is this after 4 months?😭😭#HMSTR pic.twitter.com/wUnGvMzfjt
— Osinachi (@daniels_osi) September 25, 2024
You get luck say you dey for space dey talk this thing
If your mind touch ground, enter Earth… oloiburuku#HMSTR https://t.co/WUdL56qw3t
— Majesty Oriaku Eze 🦋🥂 (@majesty_md) September 26, 2024
A whole CEO like me, na $2 I collect 😂😭
— BOD Republic (@BOD_republiik) September 26, 2024
After mining project for 4months is this what we get?@hamster_kombat deceived millions of people telling us that they will pay with pph along the line this people introduced games and when you guy allocated token you focus on referrals #HMSTR #HMSTRSCAM pic.twitter.com/d4BmLBNF4H
— 𝒓𝒊𝒂𝒏𝒂 💞 (@Akwe_mariana) September 25, 2024
$HMSTR this is crazy, Hamster my lecturer had high hopes #HMSTR pic.twitter.com/hCIgL4UDrp
— OracleCM (@OracleCM) September 26, 2024
Wetin be this 😂😂
Big scam #HMSTR pic.twitter.com/fZimJqHjXX— Lummy bee (@Bee_lummy) September 26, 2024
Person effort since March 😭#HMSTR whyyyy pic.twitter.com/3H2HQn32cX
— Naza✨ (@_nazatrades) September 26, 2024
The popular tap-to-earn app, Tapswap, powered by the TON Blockchain, has also disappointed users, as the token allocation has faced multiple postponements.