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Hamster Kombat Rejects VC Fund Offers, Criticizes 'Exit Liquidity' Practices
Summary: Hamster Kombat, a viral play-to-earn crypto game, has rejected all venture capital (VC) funding offers, labeling the practice as "exit liquidity" behavior. Since its April release, the game has amassed 200 million users and 53 million Telegram subscribers, drawing significant attention from major VC firms. In a recent broadcast, the game’s developers emphasized their commitment ...
Hamster Kombat, a viral play-to-earn crypto game, has rejected all venture capital (VC) funding offers, labeling the practice as "exit liquidity" behavior. Since its April release, the game has amassed 200 million users and 53 million Telegram subscribers, drawing significant attention from major VC firms.
In a recent broadcast, the game’s developers emphasized their commitment to the core principles of Web3, focusing on creating real value rather than using users for funding exits. "Too many Web3 projects have built audiences only to use them as exit liquidity for their venture capital backers," the admins stated.
Hamster Kombat operates on the TON blockchain, allowing players to earn and trade HMSTR tokens. The developers have reserved 60% of the token supply for players, ensuring that VC funds can only acquire tokens through the same channels as regular users—by purchasing them on exchanges after they are listed.
This move comes amid growing criticism of VC practices in the crypto industry, where newer tokens often see significant drops post-listing, leaving retail investors with losses. Hamster Kombat’s stance underscores its commitment to maintaining the integrity of the Web3 space.
Tags: Hamster Kombat,TON,VC,Web3
Link: Hamster Kombat Rejects VC Fund Offers, Criticizes 'Exit Liquidity' Practices [Copy]
