The recent launch of Hamster Coin has plunged millions of Nigerians into shock and despair. The cryptocurrency project, which promised to create wealth for its users and make them billionaires and CEOs, has instead left many disillusioned. After its listing yesterday, participants were left with meager returns of N2.75 (approximately $0.006), $7, $4, or $3—far from the promised fortunes.
Hamster Coin’s marketing strategy heavily relied on social media influencers and online advertisements, luring users with the promise of astronomical rewards for completing a simple “tap tap tap” task over five months. The developers touted that each dedicated participant would earn $1 million as a reward, creating high expectations among hopeful investors.
However, the reality of the situation has sparked widespread outrage and disappointment. Many users took to social media to express their frustration, highlighting the gap between the enticing promises and the paltry returns. The fallout from this failed venture serves as a stark reminder of the risks involved in cryptocurrency investments, particularly schemes that appear too good to be true. The Hamster Coin debacle has left a lasting impact on those who invested their hopes.
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“How could they do this to us?” tweeted @NaijaInvestor. “We trusted them with our time and effort, only to be rewarded with N2.75.”
“I feel like I’ve been scammed,” wrote @CryptoNaija on Facebook. “Five months of tapping for nothing.”
