Launching a crypto product is never a smooth ride, and the official release of $HAMSTR, the flagship token of Mong Coin, was no exception. Despite encountering multiple hurdles and unforeseen issues, the dedicated team persevered, ultimately emerging victorious. Join us as we delve into the series of events surrounding the launch of $HAMSTR and gain insights into the upcoming claim drop.
Setting the Stage:
After weeks of meticulous planning, the Hamster Coin brand, website, and distribution were ready for the highly anticipated launch. However, a day before the scheduled release, an unexpected proposal emerged. The developer suggested launching $HAMSTR as a Uniswap V3 Pool instead of the initially planned Uniswap V2 Pool, citing added flexibility as a key advantage.
Testing the Waters:
The global team gathered in the Telegram "Core Team" chat on launch day to officially kickstart the $HAMSTR/$MONG Uniswap V3 Pool. However, just before the launch, the developer reminded everyone to conduct a quick test after enabling trading, as most testing had been done assuming Uniswap V2. An extra precaution that proved wise.
Navigating Initial Challenges:
With cautious optimism, the team proceeded with the official pool launch. Some team members initiated nominal purchases of $HAMSTR, which successfully executed, and the buy tax flowed into the team wallet as intended. Dextools displayed the buys, but a member encountered a slippage tolerance error during a subsequent purchase attempt. After a quick refresh, the transaction succeeded, albeit with unexpectedly high gas fees.
Unveiling a Hiccup:
Further investigation revealed that the Uniswap router was causing gas fees to skyrocket due to an intricate series of hops required for each trade. Although the team had no control over this, the situation raised concerns about user experience. Despite these setbacks, the team felt compelled to proceed with the announcement as more purchases flooded in.
Selling Woes:
Troubles deepened when attempts to sell $HAMSTR faced slippage errors, rendering the team and community unable to sell. This predicament unveiled a critical flaw: the hard-coded 48-hour sell tax was incompatible with Uniswap V3. Panic set in as the team grappled with the question of inadvertently creating a honeypot situation.
A Glimmer of Hope:
Desperate to find a solution, the team pondered the fate of $HAMSTR once the sell tax expired in 48 hours. The developer promptly initiated testing, crafting a similar contract on the testnet, removing the sell tax, and successfully executing a sell transaction. Faced with an overwhelming number of $HAMSTR holders, the team chose to make an announcement from the official Mong Coin Twitter account, ensuring transparency and discouraging rug pulls.
The Bots Strike Back:
In a strange turn of events, liquidity started to dwindle as sells drained the pool. Puzzled by this development, the team discovered that bots exploited an arbitrage opportunity involving $MONG, circumventing the selling restrictions. Alarmed by the situation, they decided to create a Uniswap V2 pool for $HAMSTR/$MONG, hoping to redirect sells through this alternate avenue. Unfortunately, this attempt proved ineffective, leaving them at a crossroads.
The Final Gambit:
With time running out, one of the founders, Kenny, proposed a daring move: pulling all liquidity from the Uniswap V3 pool, compelling trades to route through the V2 pool. To their immense relief, this last-ditch effort proved successful, reinvigorating $HAMSTR and restoring its trading capabilities.
Upcoming Events and Considerations:
In the days ahead, the team is scheduled to release the highly anticipated $HAMSTR claim. However, they prioritize ensuring its readiness before making it available. The claim distribution will encompass a range of tokens, including $MONG, MongsNFT, $PEPE, $MONGOOSE v1, $SHIB, and $FLOKI. Eligibility and allocation will depend on the number of token holders and the amounts held by individual addresses. The team extends an open invitation to all communities to join forces and become valued members of the $MONG ARMY.
Claim Website : https://www.hamstermob.xyz/
Conclusion:
The launch of $HAMSTR encountered a series of unexpected challenges, but the unwavering determination of the team prevailed. They deftly navigated issues surrounding compatibility, liquidity, and trading hurdles, emerging stronger on the other side. The upcoming $HAMSTR claim holds immense promise, serving as a testament to the team's resilience and commitment to their growing community.