Libertex expands trading options with HMSTR CFD launch
Libertex expands trading options with HMSTR CFD launch
The cryptocurrency world has been buzzing since the debut of the Hamster Kombat (HMSTR) token, a new digital asset tied to an innovative mobile game on the Telegram platform. Although the token launched on September 26, it faced a difficult start, dropping over 50% in value in its first week, from $0.01004 to $0.004653.
Despite this challenging beginning, Libertex is introducing a new way to engage with HMSTR by offering Contracts for Difference (CFDs) on the token, making it accessible to a broader range of traders without needing to navigate cryptocurrency exchanges directly.
The CFD launch allows Libertex users to speculate on HMSTR’s price movements without directly owning the asset. With CFDs, traders can benefit from the token’s price fluctuations, either by taking long or short positions. This approach provides flexibility for those who want to treat HMSTR as a speculative asset rather than simply a game token. Trading is available on both the Libertex trading app and MetaTrader 4 and 5, with leverage of up to 2:1 for crypto CFDs, enabling potential profits from small price movements with limited initial capital.
Hamster Kombat is a game developed on The Open Network (TON), available exclusively via Telegram. In this game, players take on the role of hamster CEOs managing fictional cryptocurrency exchanges, earning HMSTR tokens through a play-to-earn (P2E) model. Launched in March 2024, the game quickly attracted millions of players with its fresh concept and engaging gameplay. As the token gained popularity, it also became available for trading outside the game on various cryptocurrency exchanges.
HMSTR, built on the TON blockchain, benefits from the network’s high speed and low transaction costs, making it user-friendly and cost-effective. With a fixed supply of 100 billion tokens, HMSTR is also anti-inflationary—an unusual feature among gaming tokens. This limited supply helps stabilize its value over time, potentially increasing its appeal to long-term holders. Each hamster in the game is also represented as a non-fungible token (NFT), which can be traded within the game using HMSTR tokens, adding to the token's utility and enhancing the in-game economic ecosystem.
For those interested in accessing HMSTR without dealing with the complexities of cryptocurrency, Libertex offers a straightforward solution. The platform continues to expand its offerings, and with the inclusion of HMSTR CFDs, it is opening new opportunities for both seasoned traders and newcomers to explore the potential of this game-based digital asset.
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