Highlights:
- Binance is set to list HMSTR, enhancing its market presence and potential for mainstream adoption.
- HMSTR’s farming and airdrop on Binance’s Launchpool are expected to drive interest and value significantly before its market debut.
- Regulatory restrictions affect participation in Binance’s Launchpool and Super Earn programs, and countries like the USA, Canada, and Japan are excluded.
On September 12, Binance announced it would add the Hamster Kombat (HMSTR) token to its Launchpool platform and plans to list it soon. This announcement highlights a major step for the gaming token. Hamster Kombat’s listing on the world’s largest cryptocurrency exchange represents a critical step toward mainstream adoption.
https://twitter.com/binance/status/1834250575027851466?ref_src=twsrc%5Etfw
HMSTR Token Launch and Farming Details
Beginning September 19, 2024, Binance users can farm HMSTR tokens by locking Binance Coin (BNB) and First Digital USD (FDUSD) on the Launchpool platform. This farming period will run for seven days and conclude on September 25, 2024. During this window, participants will accumulate Hamster Kombat tokens through an airdrop distributed by Binance’s farming system.
The listing of HMSTR on Binance will follow shortly after the farming period on September 26, 2024. Users can trade HMSTR tokens against various pairs, including USDT, BNB, FDUSD, and Turkish lira (TRY). Even during market downturns, Binance’s continued focus on TRY pairs underlines the importance of supporting its Turkish user base.
https://twitter.com/hamster_kombat/status/1834251006193836164?ref_src=twsrc%5Etfw
Airdrop and Super Earn Program Details
Hamster Kombat is introducing its native token, HMSTR, with a total supply of 100 billion tokens. Of these, 3 billion tokens, equivalent to 3% of the total supply, will be available through Binance’s Launchpool. The farming and airdrop mechanisms are expected to generate significant interest in the token before its listing. Following the announcement, the price of HMSTR surged by around 50%.
The TON Coin Network will host the airdrop, and speculation suggests that the token’s price may fluctuate after the event. Hamster Kombat’s broader ecosystem, including the Telegram-based distribution of mini apples, may also attract increased attention as interest in the token rises.
Binance is adding Hamster Kombat to its Super Earn program, allowing users to lock their HMSTR tokens for seven days to earn rewards at an undisclosed annual rate (APR). The program offers limited rewards, with a cap of 30,000 tokens per subscriber and 100 million HMSTR tokens overall reserved. Further details on APR and daily percentage rates will be shared nearer the launch.
However, users should note that regulatory limitations restrict certain regions from participating in the Launchpool and Super Earn programs. Countries like the United States, Canada, and Japan are excluded. Binance has also emphasized the need for users to complete Know Your Customer (KYC) verification to participate in these offers. Additionally, Binance cautioned users to beware of potential fraudulent offers related to HMSTR tokens before the official listing date of September 26, 2024.
OKX to List Hamster Kombat Coin
In a related development, OKX, another leading cryptocurrency exchange, announced its plans to list Hamster Kombat tokens on September 26, 2024. This announcement aligns with the upcoming airdrop date for HMSTR tokens distributed via Telegram. OKX’s listing positions the exchange among the first platforms to offer HMSTR trading, increasing the token’s accessibility to a broader audience.
Binance and OKX will list the tokens simultaneously, setting Hamster Kombat up for substantial market exposure. The listing on multiple platforms and the airdrop and farming mechanisms will increase interest in the project.
The introduction of Hamster Kombat’s HMSTR token on Binance’s Launchpool and its subsequent market listing represents a significant step for the gaming project. Binance’s platforms enable users to farm, trade, and earn rewards with HMSTR, helping it establish a solid market presence. The additional listing of HMSTR on OKX further boosts its visibility and potential impact in the cryptocurrency market.