Just days ahead of the Hamster Kombat airdrop, a mysterious project called “Hamster Cash” has emerged. It invites players to convert their Hamster Kombat achievements and airdrop points into “financial gains.”
Supposedly led by a former Hamster Kombat co-founder, the project claims to have a simple aim: “bigger airdrops” and “real-world value.” But how does it intend to deliver on these promises?
A Sept. 23, 2024, press release —which is being syndicated across many media outlets—claims that a Hamster Kombat co-founder is introducing a new platform/hard fork to give players the rewards they deserve. As per the release:
“The co-founder felt that Hamster Kombat wasn’t offering enough in terms of rewards. With Hamster Cash, the aim is simple—bigger airdrops, real-world value, and a smoother experience for users old and new.”
How does it plan on doing so? Who knows. The project simply promises crypto-related functions, with no explanation of how it will actually work. Outside of its Telegram channel, which has now amassed a whole 11 members, there’s zero information aside from today’s press releases.
A representative of Hamster Kombat has confirmed to CCN that all Hamster Kombat team members are still on board.
CCN contacted the Hamster Cash press team for comment, but did not receive a response at the time of publishing.
In terms of technology, the project claims it will base the token on Ethereum’s (ETH) reliable ERC-20 standard, and leverage smart contracts to combine gaming with DeFi. But looking at the mini app dubbed “Hamster Cash — Kombat Airdrop” on Telegram, it’s pretty obvious that this “project” is probably nothing more than an investor trap.
It has an identity crisis at its very core. It offers “Enhanced Airdrops” that boast real-world value. In addition, after users have input their ETH wallet address to receive their rewards, payments will be “via smart contracts on major exchanges such as Binance, ByBit, and OKX.”
It also claims to be a “hard fork” DeFi project that will offer non-fungible token (NFT) creation, peer-to-peer (P2P trading), liquidity pools, and a very appealing “50% cashback on marketplace transactions.”
Converting airdrop points into financial rewards on a DeFi project that uses centralized exchanges for vaguely described payments—sounds a little too good to be true? It probably is.
Promising everything and nothing at the same time, the press release goes on:
“With features like the Hamster Marketplace, Hamster Launchpool, and Hamster Academy, the platform is creating a fully-fledged ecosystem where users can potentially earn, trade, and invest.”
This is particularly unfortunate, as the press release was syndicated across multiple reputable crypto media and news outlets, potentially making thousands of readers vulnerable to this suspicious project.