CryptoKitties crosses paths with the CryptoHamsters: How The Ethereum-Based dApp is affecting ICOs
Explosive growth of the CryptoKitties project with subsequent overload of Ethereum networks due to clogging of transactions, is the reason why a lot of ICOs have postponed their token-sales. One of the first is Sophia TX, a startup which has postponed their ICO, which was supposed to start on 5thDecember, by two days. CryptoKitties have also affected CryptoHamsters’ plans for the Hamster Marketplace project. The team of HM has decided to postpone their pre-sale from 7 to 11 of December.
The team has postponed its tokens presale due to malfunction of the Ethereum Blockchain. It was affected by numerous smart-contracts of CryptoKitties game as described in the official announcement of HM:
On Friday was supposed to mark the beginning of the Hamster Marketplace’ presale. Unfortunately our parts were crossed with the cat. More precisely, with many digital cats from popular application CryptoKitties… So we had only one way - to connect other currencies for pre-sale re-launch at Monday, 11th of December, 14:12 Moscow time".
In CryptoKitties,users can buy and breed virtual kittens. More than 20,000 virtual cats have been bought and sold, resulting in a market cap of over $3 million.
Since all in-game transactions are based on Ethereum smart-contracts, this malfunction of the Ethereum network was caused by gamers’ activities. Due to this, the Ethereum exchange rate fell by 12%. At the same time the Bitcoin rate increased from $11300 to $15900. Ethereum representatives has stated that they are troubleshooting the issue and applying technical fixes.
Hamster Marketplace LLP company is based in United Kingdom, and is developing a decentralized shopping platform for one-of-a-kind indie-gadgets and indie-electronics from across the world.
So can't understand is your project like CryptoKitties or CryptoFlowers, or not? Explosive growth of the CryptoKitties project with subsequent overload of Ethereum networks due to clogging of transactions, is the reason why a lot of ICOs have postponed their token-sales. One of the first is Sophia TX, a startup which has postponed their ICO, which was supposed to start on 5thDecember, by two days. CryptoKitties have also affected CryptoHamsters’ plans for the Hamster Marketplace project. The team of HM has decided to postpone their pre-sale from 7 to 11 of December.
The team has postponed its tokens presale due to malfunction of the Ethereum Blockchain. It was affected by numerous smart-contracts of CryptoKitties game as described in the official announcement of HM:
On Friday was supposed to mark the beginning of the Hamster Marketplace’ presale. Unfortunately our parts were crossed with the cat. More precisely, with many digital cats from popular application CryptoKitties… So we had only one way - to connect other currencies for pre-sale re-launch at Monday, 11th of December, 14:12 Moscow time".
In CryptoKitties,users can buy and breed virtual kittens. More than 20,000 virtual cats have been bought and sold, resulting in a market cap of over $3 million.
Since all in-game transactions are based on Ethereum smart-contracts, this malfunction of the Ethereum network was caused by gamers’ activities. Due to this, the Ethereum exchange rate fell by 12%. At the same time the Bitcoin rate increased from $11300 to $15900. Ethereum representatives has stated that they are troubleshooting the issue and applying technical fixes.
Hamster Marketplace LLP company is based in United Kingdom, and is developing a decentralized shopping platform for one-of-a-kind indie-gadgets and indie-electronics from across the world.
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