On Thursday, September 12, 2024, Binance announced the introduction of Hamster Kombat (HMSTR) as the latest addition to its Launchpool platform. Moreover, the exchange will subsequently list the HMSTR token on its platform. This marks a significant victory for the recent launched gaming token.
Binance To List Hamster Kombat
Starting from September 19, 2024, Binance users will be able to lock their Binance Coin (BNB) and First Digital USD (FDUSD) to farm HMSTR tokens. The farming period will last for seven days, ending on September 25, 2024. During this time, users will accumulate Hamster Kombat airdrop, which will be distributed through the exchange’s farming system.
For further context, Hamster Kombat (HMSTR) has a total token supply of 100 billion HMSTR. Out of this, 3% of the supply (3 billion HMSTR) allocated as rewards through the Launchpool initiative. Of this amount, 85% (2.55 billion tokens) will be distributed to users who lock BNB. Whilst, the remaining 15% (450 million tokens) will be awarded to FDUSD holders.
Trading of HMSTR will begin on Binance on September 26, 2024, at 12:00 UTC. It will be available in several trading pairs, including HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. Moreover, the token will carry a “seed” tag to indicate that it is newly listed.
The farming process on the crypto exchange will allow users to lock their BNB and FDUSD in designated pools. Whilst, daily rewards will accumulate based on their contribution. For example, during the farming period, a total of 364.3 million HMSTR will be allocated daily to the BNB pool, while the FDUSD pool will distribute 64.3 million Hamster Kombat tokens each day.
Eligibility Criteria & Details On Super Earn
In addition to the Launchpool farming, Binance is also introducing HMSTR to its *Super Earn* program, which allows users to lock tokens for a specific duration to earn a special annual percentage rate (APR). While the exact APR for HMSTR will be announced later, the program will offer a 7-day locked period for users to earn the special APR rewards.
The Super Earn rewards will be available on a limited-time basis, and users will be able to subscribe to up to 30,000 HMSTR tokens each, with 100 million HMSTR tokens reserved for the program. The exact details of the APR and daily percentage rate (DPR) will be released closer to the Super Earn launch date.
While the HMSTR project offers exciting opportunities for users, it is important to note that certain regions are restricted from participating in the Launchpool and Super Earn programs due to regulatory issues. Countries like the United States, Canada, Japan, and several others are excluded from participation.
Binance also emphasized the need for users to complete KYC verification to participate in these offers. Furthermore, participants should be aware of potential fraudulent offers for HMSTR tokens before the official listing date on September 26, 2024.
The post Breaking: Binance Announces Hamster Kombat As 58th Launchpool Project appeared first on CoinGape.
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