Binance Revealed Hamster Kombat As Their 58th Lauchpool Project, Offers Token Rewards and Trading
In a recent development, Binance, a top world exchange revealed the addition of Hamster Kombat (HMSTR) to its Launchpool platform followed by the upcoming listing of HMSTR on its exchange platform. This announcement represents a significant milestone for the recently launched gaming token.
Binance Announces Hamster Kombat as 58th Launchpool
Commencing on September 19, 2024, Binance users will have the opportunity to lock their Binance Coin (BNB) and First Digital USD (FDUSD) to engage in HMSTR token farming. The farming period will extend for seven days, concluding on September 25, 2024. Participants can accumulate Hamster Kombat airdrop during this period, which will be distributed through the exchange’s farming mechanism.
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Notably, Hamster Kombat (HMSTR) has a total token supply of 100 billion HMSTR, out of which 3% (3 billion HMSTR) is designated as rewards through the Launchpool initiative. Of this allocation, 85% (2.55 billion tokens) will be distributed to users who lock BNB, while the remaining 15% (450 million tokens) will be awarded to FDUSD holders.
Trading Date
Trading of HMSTR on Binance will commence on September 26, 2024, at 12:00 UTC. The token will be available in various trading pairs, including HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. Additionally, the token will be distinguished with a “seed” label to indicate its recent listing.
Farming Process
The farming process on the crypto exchange will enable users to lock their BNB and FDUSD in designated pools. Daily rewards will be generated based on users’ contributions. For instance, during the farming period, a total of 364.3 million HMSTR will be allocated daily to the BNB pool, while the FDUSD pool will distribute 64.3 million Hamster Kombat tokens per day.
Eligibility and Criteria’s
Binance is also introducing HMSTR to its “Super Earn” program, allowing users to lock tokens for a specific duration to earn a special annual percentage rate (APR). Although the exact APR for HMSTR is forthcoming, the program will provide a 7-day locked period for users to earn the special APR rewards.
The Super Earn rewards will be offered for a limited time, and users will be able to subscribe to up to 30,000 HMSTR tokens each, with 100 million HMSTR tokens reserved for the program. Detailed information regarding the APR and daily percentage rate (DPR) will be released closer to the Super Earn launch date.
Places Restricted from the Launchpool
It is important to note that due to regulatory considerations, certain regions, such as the United States, Canada, Japan, and others, are restricted from participating in the Launchpool and Super Earn programs. Binance also emphasizes the necessity of completing KYC verification to participate in these offers. Additionally, participants should exercise caution regarding potential fraudulent offers for HMSTR tokens before the official listing date on September 26, 2024.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
