As a seasoned analyst with over two decades of experience in the crypto market, I must say that the recent announcement by Binance to list Hamster Kombat (HMSTR) is indeed an intriguing development. Having witnessed numerous ICOs and token launches, I find this gaming token’s entry into the market quite refreshing.
On Thursday, September 12, 2024, Binance revealed that Hamster Kombat (HMSTR) would be the newest member of its Launchpool family. Later, they plans to list the HMSTR token on their platform. This milestone is a major triumph for the recently introduced gaming token.
Binance To List Hamster Kombat
From September 19, 2024 onwards, Binance users can secure their Binance Coin (BNB) and First Digital USD (FDUSD) to earn HMSTR tokens in what’s known as a “farming” event. This event will run for seven days, concluding on September 25, 2024. During this period, users will collect Hamster Kombat airdrops, which will be distributed via Binance’s farming system.
To provide more background, the game Hamster Kombat (HMSTR) has a grand total of 100 billion HMSTR tokens in circulation. From this massive pool, 3% or 3 billion HMSTR tokens have been earmarked as rewards through Launchpool. Out of these reward tokens, approximately 85% or around 2.55 billion will be given to users who store BNB, while the leftover 15%, amounting to 450 million HMSTR tokens, will be granted to FDUSD holders.
On September 26, 2024, at 12:00 UTC, you’ll be able to start buying and selling HMSTR tokens on Binance. You can trade it using several pairs such as HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. Additionally, this token will have a “seed” label to signify that it is newly listed.
On the crypto exchange, the farming process enables users to securely deposit their BNB and FDUSD into designated pools. In return for this, they receive daily rewards proportionate to their initial contribution. For instance, throughout the farming duration, approximately 364.3 million HMSTR tokens will be distributed daily to the BNB pool, while the FDUSD pool dispenses around 64.3 million Hamster Kombat tokens every day.
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2024-09-12 19:27