Categories: BLOCKCHAINTechnology

Binance introduces Hamster Kombat as Its 58th Launchpool project

Binance has officially added Hamster Kombat (HMSTR) to its Launchpool, allowing users to earn token rewards and engage in trading starting September 26, 2024.On September 12, 2024, Binance unveiled Hamster Kombat (HMSTR) as its 58th Launchpool project.From September 19 to 25, users can stake Binance Coin (BNB) and First Digital USD (FDUSD) to farm HMSTR tokens.Trading for the HMSTR/USDT pair, among others, will go live on September 26, 2024.

Beginning September 19, 2024, Binance users will have the chance to lock BNB and FDUSD to earn HMSTR tokens over a 7-day farming period ending on September 25. During this time, 3 billion HMSTR tokens (3% of the total supply of 100 billion) will be distributed as rewards through the Launchpool. BNB holders will receive 85% of these tokens (2.55 billion HMSTR), while FDUSD holders will be allocated the remaining 15% (450 million HMSTR).

‘‘Binance is excited to introduce its 58th Launchpool project, Hamster Kombat (HMSTR), a play-to-earn (P2E) game where users simulate a crypto exchange CEO. The game is built on the Telegram mini-app platform, and its webpage will go live 24 hours before the Launchpool begins,’’Binance said.

Following the farming period, Hamster Kombat tokens will be available for trading on Binance starting September 26 at 12:00 UTC. The token will be paired with USDT, BNB, FDUSD, and TRY. As a newly listed token, it will carry a “seed” tag.

Users can stake their BNB and FDUSD in designated pools, with rewards accumulating daily based on their contributions. Each day, the BNB pool will distribute 364.3 million HAMSTER tokens, while the FDUSD pool will distribute 64.3 million tokens.

In addition to Launchpool farming, Binance is also including HMSTR in its Super Earn program. This initiative allows users to lock tokens for a specified duration in exchange for a special annual percentage rate (APR). While the exact APR for HMSTR has yet to be announced, the program will feature a 7-day locked period for earning rewards, with 100 million HAMSTER tokens reserved for participants.

Due to regulatory restrictions, users in certain regions, such as the U.S., Canada, and Japan, will not be able to participate in the Launchpool or Super Earn programs. Additionally, Binance stressed the importance of KYC verification and warned users to beware of fraudulent offers for HAMSTER tokens before the official listing. This new listing is another step in expanding Binance’s Launchpool, offering users fresh opportunities to explore gaming tokens like Hamster Kombat.

 

Josephine Mumbua

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