Hamster Kombat (HMSTR) On Binance Launchpool
Hamster Kombat token (HMSTR) will be available for farming on Binance Launchpool starting September 23, 2024. Participants can stake BNB or FDUSD to earn HMSTR tokens, with trading of HMSTR to commence on September 26, 2024. This project offers early access to tokens via Binance's unique staking and reward distribution system.
In this article, we will talk in detail about Hamster Kombat (HMSTR) on Binance Launchpool. You will learn how to prepare for this event, the main features and opportunities.
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Hamster Kombat (HMSTR) on Binance Launchpool | Full Guide
On September 12, 2024, Binance announced its latest Launchpool project: Hamster Kombat, a cryptocurrency exchange simulator game built on Telegram’s mini-app platform. Binance users can now participate in farming Hamster Kombat tokens (HMSTR) by staking BNB and FDUSD starting on September 23, 2024, with trading opening on September 26, 2024.
Binance’s Launchpool allows users to earn HMSTR tokens over a three-day farming period, while the Super Earn feature provides additional earning opportunities through token locking.
HMSTR on Binance Launchpool, Source binance.com
Basic facts about HMSTR on Binance launchpool
Hamster Kombat is a Play-to-Earn (P2E) game where users act as CEOs of virtual cryptocurrency exchanges, managing resources and competing in a simulation-based environment. It leverages the TON blockchain, native to Telegram, and has gained significant attention due to its unique gameplay. HMSTR, the in-game token, serves as both the game’s currency and a cryptocurrency tradable on major platforms like Binance.
Participating in Binance Launchpool gives early access to HMSTR, allowing users to earn tokens by staking BNB or FDUSD, making it an attractive opportunity for those seeking to farm tokens before they are listed for trading on Binance.
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Farming period: September 23, 2024 (00:00 UTC) to September 25, 2024 (23:59 UTC).
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Trading start date: September 26, 2024 (12:00 UTC).
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Supported trading pairs: HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, HMSTR/TRY.
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KYC required: Yes, all participants must complete Know Your Customer (KYC) verification.
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Pools: BNB and FDUSD.
Users can lock their BNB or FDUSD to receive HMSTR airdrops during the farming period. Binance has allocated 3 billion HMSTR for Launchpool rewards, representing 3% of the total supply.
HMSTR launchpool details
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Token name: Hamster Kombat (HMSTR).
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Total token supply: 100,000,000,000 HMSTR.
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Launchpool token rewards: 3,000,000,000 HMSTR (3% of the total supply).
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Smart contract / Network: Ton Network (details to be updated).
Participants can stake BNB or FDUSD in the respective pools:
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BNB pool rewards: 2,550,000,000 HMSTR (85%).
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FDUSD pool rewards: 450,000,000 HMSTR (15%).
Staked assets will yield hourly rewards based on the amount staked and the pool’s total balance. Hourly hard caps for rewards per user are:
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BNB pool: 3,541,666.66 HMSTR.
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FDUSD pool: 625,000 HMSTR.
HMSTR farming accumulation
From September 23 to September 25, 2024, participants will accumulate daily rewards based on their staked assets. The daily distribution is as follows:
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Total Daily Rewards: 1,000,000,000 HMSTR.
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BNB Pool Daily Rewards: 850,000,000 HMSTR.
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FDUSD Pool Daily Rewards: 150,000,000 HMSTR.
Users can claim these rewards directly to their Binance Spot Accounts at any time during the farming period, and the rewards will be automatically transferred to their accounts once the period ends. Participants must ensure that their regions support participation, as Binance Launchpool and Super Earn are not available in certain jurisdictions.
HMSTR Super Earn
Binance Super Earn allows users to lock their HMSTR tokens for a special Annual Percentage Rate (APR), providing an additional incentive for long-term holders. Details about the APRand reward distribution are yet to be announced but will be available before the start of the Super Earn program.
In the Super Earn program, participants can lock up to 30,000 HMSTR tokens for 7 days to earn rewards. The APR and Daily Percentage Rate (DPR) are expected to be competitive, as Binance has stated that these rates are a limited-time promotional offer, sponsored by the token project.
This feature is ideal for users who want to maximize their long-term earnings by locking tokens instead of selling them immediately after the token listing.
By participating early in the farming, you are more likely to receive higher rewards
As a trader, it’s essential to recognize the strategic advantage of participating in Binance Launchpool and Super Earn programs. These programs provide early access to new tokens like HMSTR, which could offer high returns before they are listed for general trading.
By participating early in the farming period, you are more likely to receive higher rewards since fewer users typically engage at the very beginning. Additionally, diversifying your stakes between the BNB and FDUSD pools can maximize your overall rewards and reduce risk. Advanced traders can also utilize Super Earn to lock tokens and benefit from higher APR, increasing the potential for long-term gains.
However, it’s also important to remain cautious. While the reward potential is high, new tokens often experience significant price volatility after listing. This is especially true for projects that are in their early stages, so having a long-term strategy is crucial.
Summary
Hamster Kombat (HMSTR) on Binance Launchpool presents a unique opportunity for early adopters and traders. With 3 billion HMSTR available for farming and the added benefit of Super Earn, participants can stake their BNB or FDUSD and earn tokens with minimal risk. The token’s total supply of 100 billion HMSTR ensures liquidity, while the innovative P2E gaming concept behind Hamster Kombat could drive long-term demand for the token.
FAQs
Can I unstake my tokens from Binance Launchpool before the farming period ends?
Yes, tokens can be unstaked at any time during the farming period without penalties. Your rewards will be calculated based on the duration and amount of your stake.
Will I still receive HMSTR rewards if I stake BNB through other Binance products?
No, only BNB staked in the Hamster Kombat Launchpool is eligible for HMSTR rewards. Other staking products are not part of this program.
Can I use multiple Binance accounts to increase my HMSTR farming rewards?
No, Binance prohibits farming rewards through multiple accounts. Engaging in such activities can lead to disqualification and the loss of rewards.
What happens if I stake HMSTR in Super Earn and the token price drops?
Even if the token price drops, your rewards will still be calculated based on the APR. However, the value of the rewards will depend on the market price at the time of withdrawal.
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Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).