As a seasoned crypto investor with a knack for spotting promising projects and a healthy dose of skepticism to avoid scams, I find Binance’s announcement of Hamster Kombat (HMSTR) intriguing. The fact that it’s the 58th project on Launchpool and will be listed on September 26, 2024, makes it an exciting opportunity for early adopters like myself.
Through an official announcement, Binance unveiled that Hamster Kombat (HMSTR) is now part of its 58th project on the widely-used Launchpool platform. This means users can collect the new token by putting their BNB and FDUSD to stake.
According to the recent announcement, it’s been decided that the HMSTR token will be listed for trading on Binance starting from September 26, 2024, at 12:00 UTC (Universal Time Coordinated). This makes Binance the pioneering platform to offer the token for trade in the market.
From September 19, 2024, at midnight (UTC) to September 25, 2024, at eleven-fifty-nine p.m. (UTC), individuals participating in the Launchpool have the opportunity to harvest HMSTR tokens. A total of 3 billion HMSTR tokens, which represents 3% of the entire supply, will be distributed as rewards for those who secure their BNB and FDUSD tokens.
85% or approximately 2.55 billion HMSTR will be distributed into the BNB pool, while 15%, which is around 450 million HMSTR, will be allocated to the FDUSD pool. The hourly maximum limit for both pools has been set at 1,517,857.14 HMSTR for the BNB pool and 267,857.14 HMSTR for the FDUSD pool to maintain a fair distribution of rewards.
100 billion units of the HMSTR token are available in total, with an emphasis on broad distribution. Upon being listed, it can be exchanged for pairs such as HMSTR/USDT, HMSTR/BNB, FDUSD, and TRY, providing versatility across various markets. The token carries a “seed” label to indicate its early phase of growth and development.
Binance now offers HMSTR Super Earn, a new feature where users can hold their HMSTR tokens within Simple Earn at a higher-than-usual APR (Annual Percentage Rate). The specific rate hasn’t been determined yet, but this opportunity will be accessible for a brief period. This means users have the exciting chance to increase their earnings during this limited-time offer.
For user safety, Binance advises thorough research to avoid fraudulent activities promising early access to HMSTR prior to its official debut. The Launchpool participation necessitates completing the KYC procedure, which provides an extra protective measure for users.
Read More
Sorry. No data so far.
2024-09-12 21:08