Hamster Kombat Coin On Bybit

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The Hamster Kombat ($HMSTR) token began pre-market trading on Bybit on July 8, 2024. This pre-market phase allows users to trade $HMSTR tokens on Bybit's over-the-counter platform before the official market launch. The pre-market trading prices for $HMSTR have varied between $0.001 and $0.178. However, the token has not yet started spot trading on Bybit. The exact date for the commencement of spot trading is still unknown.

Hamster Kombat ($HMSTR) has been generating buzz as a new tap-to-earn game on Telegram, where players run a virtual crypto exchange. Since its launch in March 2024, it has amassed over 239 million users, making it one of the fastest-growing apps. Bybit announced the listing of HMSTR tokens on its pre-market trading platform starting July 8, 2024. This allows users to trade tokens before their official launch, with initial prices reaching up to $0.178 USDT. The game's popularity and the anticipation surrounding the token have led to significant interest, with some analysts predicting a strong market performance upon its official release. This article covers everything there is to know about Hamster Kombat on Bybit, including details about pre-market trading as well as the latest update on spot listing.

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Hamster Kombat Coin ($HMSTR) On Bybit

Bybit's HMSTR Pre-Market Trading uses actual tokens, excluding in-game coins. Any speculation or trading involving in-game coins is not included by Bybit. This differentiation helps traders concentrate solely on the real token's market movements. Bybit will release further updates about the HMSTR Pre-Market delivery schedule once the necessary information is provided by the project.

This ensures all participants are kept informed about the token's distribution timeline. When the Hamster Kombat project discloses the actual total supply, Bybit will proportionally adjust the price and quantity of filled orders. This mapping process ensures the total order value remains unchanged.

Bybit is a popular cryptocurrency exchange known for its user-friendly interface and advanced trading features. Trading the $HMSTR token on Bybit involves several steps.

Account registration and verification:
- Sign up: Create an account on Bybit if you don't have one. This involves providing your email address and setting a password.
- Verification: Complete the KYC (Know Your Customer) process to unlock all trading features. This usually involves submitting identification documents and possibly a selfie for verification.
Deposit funds:
- Deposit cryptocurrency: Transfer cryptocurrency (like USDT, BTC, or ETH) from your wallet or another exchange to your Bybit account.
- Deposit fiat (if supported): Some users might be able to deposit fiat currency directly into their Bybit account, depending on their region and Bybit's fiat gateway services.
Wait for the listing of $HMSTR
Wait for the listing of Hamster Combat coins on the exchange. Follow the news on the official website of Bybit.
Locate the $HMSTR market:
- Navigate to the Trading Interface: Once logged in, go to the "Trade" section.
- Search for $HMSTR: Use the search bar to find the $HMSTR trading pair. It might be listed as HMSTR/USDT or another pairing depending on available markets.
Analyze the market:
- Chart analysis: Utilize Bybit’s advanced charting tools to analyze the price trends and decide on your trading strategy. Look at historical data, volume, and technical indicators.
Place an order:
- Select order type: Choose between market order, limit order, or conditional order based on your trading strategy.
- Enter trade details: Specify the amount of $HMSTR you want to buy or sell.
Monitor and manage trades:
- Track orders: Monitor your open orders in the "Open Orders" section.
- Adjust as needed: Modify or cancel orders if your trading strategy changes.
Withdraw funds:
- Withdraw cryptocurrency: Once you've made a profit or if you want to move your $HMSTR tokens to another wallet, go to the "Assets" section and initiate a withdrawal.
- Withdraw fiat (if supported): Convert your $HMSTR or other cryptocurrencies to fiat and withdraw to your bank account if Bybit supports fiat withdrawals in your region.

Trading the $HMSTR token on Bybit

Tips for trading $HMSTR on Bybit

Stay informed: Keep up with the latest news and updates about the $HMSTR token and its ecosystem. This can impact price movements and trading opportunities.
Risk management: Utilize stop-loss orders to protect your investments from significant losses.
Leverage (if applicable): Bybit offers leverage trading. Use leverage cautiously, as it amplifies both potential profits and losses.
Security: Enable two-factor authentication (2FA) to secure your Bybit account.

How to withdraw money in future: step-by-step guide

The developers of Hamster Kombat have recently updated the timeline for the withdrawal feature, which was initially expected to be available in July 2024. However, the functionality is still in the planning stages and has not yet been activated. The team has been working on ensuring a smooth launch, including conducting what they claim to be the largest airdrop in crypto history, dedicating 60% of their tokens to players. Players are advised to stay tuned to official channels (Hamster Kombat Bot, TU Airdrop Daily) for the latest updates and instructions on withdrawing their earnings.

However, Hamster Kombat facilitates pre-market trading of its $HMSTR tokens through over-the-counter (OTC) transactions prior to their official exchange listing. This approach allows investors to gauge market expectations and possibly take advantage of early trading opportunities. However, this method entails high fees and considerable volatility, presenting risks for traders. Bybit is among exchanges announcing HMSTR Pre-Market.

How to withdraw money from Hamster Kombat using Bybit

Step 1: Earn tokens on Hamster Kombat
Step 2: Accumulate tokens
Step 3: Verify your account on the Bybit (only after HMSTR lists there)
Step 4: Navigate to the withdrawal section on the exchange
Step 5: Choose your withdrawal method
Step 6: Enter withdrawal details
Step 7: Confirm withdrawal request
Step 8: Wait for processing

Looking ahead to the future

This early listing allows me, as a trader, to engage with $HMSTR tokens even before the project's official tokenomics are disclosed. Bybit has strategically assumed a total supply of 10 billion $HMSTR tokens to facilitate trading, providing a provisional framework for valuation.

This approach by Bybit enables me to participate in the pre-market phase with the understanding that adjustments will be made once the official total supply is revealed. The mapping of filled orders to the actual supply ensures fairness and transparency, maintaining the total order value while adjusting the quantity proportionally. For instance, if I placed an order for 1,000 HMSTR tokens based on the assumed supply and the official supply turns out to be significantly less, my order will be adjusted accordingly, but the value of my investment will remain the same.

Bybit's focus on real tokens, rather than in-game coins, underscores its commitment to providing a reliable and authentic trading experience. The platform also emphasizes user protection, assuring me that in the rare event of order cancellations due to unforeseen circumstances, all funds will be promptly refunded to prevent any financial loss.

Summary

Hamster Kombat (HMSTR) has been listed on Bybit Pre-Market Trading since July 8, 2024. Bybit has assumed a total supply of 10 billion HMSTR tokens for valuation, with adjustments to be made once the official supply is announced. The platform ensures that the total order value remains unchanged through proportional adjustments. Bybit’s pre-market trading deals with real tokens, not in-game coins, and provides refunds in case of order cancellations due to unforeseen circumstances.

FAQs

What is the assumed total supply of HMSTR tokens on Bybit Pre-Market Trading?

Bybit has assumed a total supply of 10 billion HMSTR tokens for valuation purposes.

How will my filled orders be adjusted once the official total supply is announced?

The price and quantity of filled orders will be mapped proportionally to the actual supply, ensuring the total order value remains unchanged. For example, a 100 USDT order for 1,000 HMSTR based on an assumed 10 billion supply will be adjusted to 1 HMSTR if the official supply is 10 million.

Does Bybit’s HMSTR Pre-Market Trading involve in-game coins?

No, Bybit’s HMSTR Pre-Market Trading deals exclusively with real tokens and does not involve in-game coins.

What happens if my completed order is canceled due to unforeseen circumstances?

Bybit will automatically refund all your funds to the original payment method to prevent any financial loss.

Team that worked on the article

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.

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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

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).

Take-Profit

Take-Profit order is a type of trading order that instructs a broker to close a position once the market reaches a specified profit level.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.

Pre-Market Trading

Pre-market trading refers to trading activity in financial markets before the official opening of the regular trading session, allowing investors to react to pre-market news and events.

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