Hamster Kombat premarket is launched: What do you need to know

As a seasoned crypto investor with a few years of experience under my belt, I’m always on the lookout for new opportunities in the market. The recent announcement of Hamster Kombat’s (HMSTR) token appearing on premarket trading platforms like Bybit and KuCoin has piqued my interest.

Cryptocurrency exchanges started adding Hamster Kombat token to their premarket trading platform.

In the bustling world of tap-to-earn games, the Hamster Kombat token (HMSTR) has been spotted making an early appearance in trading sessions on various exchanges before the official market opening.

On July 8, crypto exchange Bybit revealed that they had incorporated the HMSTR token into their pre-trading platform. Now, users have the ability to buy or sell coins using the order system. The peak price stood at $137, while the minimum was a mere $0.001.

As a researcher studying the cryptocurrency market, I came across an exciting announcement from KuCoin exchange in June. They unveiled the pre-sale of Hamster Kombat coin with a planned start of trading set for July 19. However, it’s important to note that due to various reasons, the commencement of trading has been delayed multiple times. To join in this presale event, users are required to complete the Know Your Customer (KYC) verification process first.

🚀 Get Ready For Hamster Kombat Coin (HMSTR) in Pre-market!🚀

🌟Sign Up Now🌟

— KuCoin (@kucoincom) June 17, 2024

As a researcher, I’ve come across some intriguing news from Bitget. They’ve introduced premarket trading for Hamster Future Coins (HMSTRBG) prior to its formal debut. However, it’s essential to note that the Hamster Kombat team has yet to disclose their tokenomics. Consequently, the total supply of Hamster Kombat tokens (HMSTR) remains undisclosed.

As a researcher, I would explain it this way: Bitget has given me and other users an opportunity to prepare for HMSTR trading before its official launch. They’ve introduced the Hamster Futures Coin as a stand-in token with a total supply of 10 billion coins for premarket trading on their platform.

The specific date for HMSTR’s completion of listing on the exchange remains undisclosed. As per the Hamster Kombat schedule, the token is planned for release towards the end of July.

What is known about Hamster Kombat

In March of this year, the clicker game Hamster Kombat was introduced to the public. The narrative follows a hamster who rises to prominence in the crypto exchange and strives to enhance it. To play, users simply tap on a virtual hamster, earning one virtual coin each time they do so. The developers have stated that these virtual coins can eventually be exchanged for real cryptocurrency after promoting the game.

As a researcher examining the dynamics of the web3 industry, I cannot help but be impressed by the meteoric rise of Hamster Kombat on Telegram. Founder Pavel Durov is bullish about this phenomenon, believing it will draw in hundreds of millions of individuals to the sector.

As a researcher, I’ve come across Durov’s announcement regarding the long-awaited launch of Hamster Kombat tokens for the TON blockchain. He assured us of the provision of these tokens; however, the official ticker for Hamster Combat cryptocurrency has yet to be announced. Contrary to speculation, HMSTR is not a confirmed fact as the coin’s name on Bybit exchange.

How premarket trading works

Before a new token is officially listed on an over-the-counter trading platform like Premarket, users have the opportunity to reserve tokens at a specified price. The difference from regular futures trading is that once an agreement is reached between a buyer and a seller during this premarket stage, the price of the token is set and both parties’ funds are held in escrow until the listing is finalized. It’s important to note that users cannot cancel their orders during this period.

As a crypto investor, I can explain that in the pre-Token Generation Event (TGE) token market, buyers and sellers interact much like they would on any other trading platform. When I, as a buyer, decide to purchase tokens, I place an order specifying the price at which I want to buy. On the other hand, sellers looking to cash out before the TGE use their collateral as a form of security for selling tokens that haven’t been generated yet. In case the seller reneges on the deal, the system imposes a penalty or fine.

In simpler terms, when making a trade, there is a set time limit for completing the transaction. For instance, the seller is required to finish the process within a specified number of hours following the Token Generation Event (TGE), or else face penalties.

As an analyst, I would describe premarket platforms as venues where buyers and sellers come together to enter into binding agreements to transact in assets at specified prices and future dates. These platforms bear resemblance to options and deliverable futures contracts, with the key distinction being that the underlying asset is not yet traded on an exchange. Instead, the contract represents a commitment to buy or sell the asset once trading begins on the exchange.

Read More

2024-07-09 20:44