Hamster Kombat announced that they have rejected many offers from venture capital firms since the day they were founded. The company stated that it took its rejection decisions to prevent investors’ large token sales, also known as “liquidity outflow”, which harms users.

“Web3 projects use audiences as exit liquidity for their venture capital backers”

In the statement made, it was stated that most of the Web3 projects see the crowds only as an ‘exit opportunity’ and the following statements were used:

“Too many Web3 projects have built audiences only to use them as exit liquidity for their venture capital backers. This has, unfortunately, become the norm in the industry. Instead of creating innovative projects that generate real value and revenue, companies often focus on making a convincing pitch to secure funding, spend it on marketing, conduct an airdrop or even a public ICO, and then walk away—leaving users holding the bag.”

Coins backed by VCs have always fallen

As it will be remembered, it was stated in a previous study that most of the coins listed on Binance and backed by large investors, also known as VCs, have lost more than 80% of their value in the last 6 months (as of May). Among the investment companies that supported these coins or crypto projects were giant investment firms such as Paradigm, Binance Labs and Coinbase.

Here is where Hamster Kombat seems to have gained the trust of its users. Hamster Kombat, which has committed to allocate 60% of the token to its users, will use the remaining 40% of the HMSTR token for market liquidity, possible future deals in the ecosystem and rewarding teams.

It is stated that Hamster Kombat’s expected airdrop could be the largest distribution in Web3 crypto history.