As the buzz around new gaming trends on Telegram intensifies, it’s tempting to dive headfirst into games like Hamster Kombat. However, the pressing question remains: are these play-to-earn games genuinely rewarding, or are they simply distractions?
In this article, we’ll explore the world of popular Telegram-based games such as Hamster Kombat and Blum, examining whether they’re truly worth your time and effort. These games promise a captivating experience, particularly with the allure of potential earnings.
But do they live up to the hype, or are you just wasting your time? Let’s dig deeper to find out.
What Are Tap-to-Earn and Play-to-Earn Games?
Tap-to-earn (T2E) and play-to-earn (P2E) games are as straightforward as they sound. These are games that reward you with cryptocurrency for participating. In tap-to-earn games, players earn by performing simple actions like tapping or clicking, whereas play-to-earn games involve more complex tasks, such as completing missions or trading items within the game.
Why Are P2E and T2E Games So Popular?
The popularity of these games can be attributed to the enticing promise of earning real money while having fun. It’s a win-win situation that appeals to many, especially when coupled with the thrill of dealing with cryptocurrencies. This combination has created a massive trend that continues to attract a growing number of players.
Play2Earn Earning Concept
The core idea behind these games is that players can accumulate cryptocurrency, which can later be converted into real money. The mechanics vary from game to game. Some may reward players with coins for completing tasks, while others offer in-game items that can be sold or traded. The theory is simple: the more you play, the more you earn.
However, the big question is whether these games are truly profitable or just a fun pastime. Let’s take a closer look.
Hamster Kombat: Token Price, Withdrawal Options, and Legitimacy
Hamster Kombat is a Telegram-based tap-to-earn game where you become a cute hamster CEO running a virtual crypto exchange. Your mission is to upgrade your platform to the max and, hopefully, earn some crypto along the way.
The game mixes strategy, card collecting, and blockchain tech. We’ve already done a deep dive into Hamster Kombat, so now let’s focus on some of the more pressing issues.
Is Hamster Kombat Legit?
While there’s nothing legally questionable about the creators of Hamster Kombat, the game does come with significant risks. The developers have minimal obligations to the players, meaning that if you can’t exchange your in-game points for real money, there’s little recourse.
The risks include the possibility of the virtual coins losing value after their release, the sudden shutdown of the game, and the potential misuse of personal data. Additionally, with over 100 million users, it’s doubtful whether the game can afford to pay everyone as promised, making the prospect of earning money through this game highly uncertain.
Hamster Kombat Token Price
The $HMSTR token, associated with Hamster Kombat, was initially expected to launch in July 2024. However, due to technical delays, its release remains uncertain.
Without an official token listing, there is no set price, leaving players in a state of uncertainty. The lack of clarity surrounding the token’s future makes relying on it for profit a risky endeavor.
Hamster Kombat Withdrawal Options
Even if you’ve accumulated a significant number of points in Hamster Kombat, the lack of a token listing means there’s currently no way to withdraw or convert those points into real money. As a result, players are left waiting for the $HMSTR token to launch, with no guarantee that it will ever happen.
Exploring Blum: Token Price, Withdrawal Options, and Legitimacy
Blum is another Telegram-based game, described as a hybrid exchange mini-app that combines features of both centralized and decentralized exchanges. It simplifies derivatives trading and provides access to tokens across multiple blockchains.
Is Blum Legit?
Blum.io claims to offer blockchain development, token trading, and DeFi tools. But when you look closer, there are some red flags that potential users should consider before jumping in to farm Blum points.
Blum says it’s featured on Binance Labs, but we couldn’t find any proof of this. The only thing we found was that Blum was part of the MVB (Most Valuable Builder) VII program, along with 100 other DeFi projects.
MVB VII is an accelerator program run by BNB Chain and Binance Labs to support Web3 builders and grow the BNB Chain ecosystem. Does this mean Blum is legit? Maybe.
Blum announced that they’re working on a crypto trading app, hinting at a bigger project. This means the points you’re mining now could become valuable once the main app launches. But for now, you can only join the waitlist.
Now, here are the concerns. Blum never mentioned in their introductory blog post that Blum points would be converted into tokens, which raises a red flag. When the reward system isn’t clear, there’s always a question mark around legitimacy.
Blum also explained most parts of the project but left out details on the reward system for point miners, which is troubling. Plus, the Telegram mini-app is buggy and slow, hinting that the platform might not be fully ready.
Blum Coin Withdrawal Options
Blum tokens are set to be listed on Binance in August 2024. Until then, there’s no way to withdraw or convert your Blum points into crypto or fiat money. So, while you can stack up points, you’ll have to wait until the listing to see any potential value.
Once the Blum token is listed, users may be able to sell their tokens on Binance. Here’s how it might work:
1. Create a Binance account. If you don’t have one, sign up for a Binance account.
2. Verify your account. Complete the necessary steps to enable trading and withdrawals.
3. Deposit Blum tokens. Transfer your Blum tokens from your Blum wallet to your Binance wallet.
4. Sell Blum tokens. Once the tokens are in your Binance wallet, you can place a sell order to convert your Blum tokens into other cryptocurrencies or fiat money.
5. Withdraw funds. After selling your Blum tokens, you can withdraw the proceeds. For cryptocurrencies, transfer them to your external wallet. For fiat money, link your bank account to Binance and withdraw directly.
This process will let you convert your accumulated Blum points into real value, but only after the token is officially listed and trading on Binance.
Blum Token Price
The Blum token is set to be listed in August 2024. Until then, there’s no official price, so the points you accumulate can’t be turned into crypto or fiat money yet. The token’s value remains unknown until the listing happens.
Where Should You Really Focus Your Efforts?
Rather than spending your time on endless tapping with uncertain promises of future gains, consider investing in your own education. By deepening your understanding of the crypto world, you can build valuable knowledge and experience without the financial risks.
This is where Cryptomania comes into play. It is a free trading simulator designed to teach you the fundamentals of crypto trading in a safe, risk-free environment. Instead of relying on luck, you can leverage it to:
- Learn the basics: Understand the fundamentals of crypto trading and market dynamics.
- Develop strategies: Test and refine your trading strategies without any financial risk.
- Gain experience: Simulate real-world trading scenarios to build your confidence.
- Educate yourself: Access a wealth of educational resources to expand your knowledge.
It isn’t just a game — it’s a comprehensive tool for crypto trading education and a community of aspiring traders. By dedicating your time to learning and practicing with it, you’ll be better prepared to navigate the crypto market and make informed decisions when you’re ready to trade with real money.
Cryptomania FAQ
Here are answers to the most common questions we get from our support team.
1. How to withdraw from Cryptomania?
You can’t withdraw money from it. It uses play money, like Monopoly money, which isn’t real and can’t be cashed out.
2. Is Cryptomania legit?
Absolutely, it is 100% legit. It’s an educational trading simulator designed for both beginners and experts to master the basics of cryptocurrency trading, test strategies, and improve skills.
It offers real charts and market quotes from top cryptocurrency exchanges in real-time
3. Is the Cryptomania app fake or real?
It is completely real. It’s an authentic educational tool designed to provide a safe, risk-free environment where aspiring traders can practice and hone their skills. While the game uses simulated money, it offers a valuable learning experience that can help users transition from novices to more experienced traders.
4. How do I transfer money from Cryptomania to my bank account?
You can’t transfer money from it to your bank account because the platform doesn’t use real money. It operates entirely with virtual currency, so there’s no way to withdraw or transfer funds into a bank account. The focus is on education, helping you practice and learn without the risk of losing actual money.
Bottom Line
Tap-to-earn and play-to-earn games like Hamster Kombat and Blum can be entertaining, but their potential for profit is uncertain at best. With ongoing issues like delayed token launches, unclear reward systems, and technical glitches, relying on these games to make real money is a risky gamble.
On the other hand, investing your time in educational platforms like Cryptomania is a far more reliable choice. It offers a realistic, risk-free trading experience that helps you learn the ins and outs of the crypto market. By focusing on building your knowledge and refining your trading strategies, you’ll be better prepared to succeed when it comes to real-world trading.
In the long run, spending time on a platform is an investment in your future. Why not start learning today and set yourself up for success in the ever-changing world of cryptocurrency trading?