As a seasoned crypto investor with several years of experience under my belt, I have witnessed the rise and fall of numerous digital assets. The recent announcement by OKX about listing pre-market futures for HMSTR, the native token of Hamster Kombat, piqued my interest given the game’s immense popularity on Telegram.
OKX, a leading digital asset trading platform, has announced that it is listing pre-market futures for HMSTR, the native token for Hamster Kombat, a viral game based on the social messaging application Telegram. The ‘tap-to-earn’ game has been one of the extremely popular products utilizing blockchain technology and already has more than 240 million users.
According to OKX’s recent announcement, users on their platform will be able to trade USDT-margined pre-market futures for the upcoming HMSTR token starting August 1 at 10:00 am UTC. This isn’t the first time the native token of the popular Telegram game is being listed on an exchange.
Based on earlier information, Bybit announced its plan to facilitate pre-market trading for HMSTR, enabling digital asset fans to invest in this digital currency prior to its official exchange launch. Bybit initiated the listing on July 8, allowing investors to secure their positions before the HMSTR market swelled with activity.
As a seasoned observer of the dynamic world of cryptocurrencies and blockchain technology, I have witnessed countless projects gaining traction in the market. Among these recent phenomena, Hamster Kombat TGE and Toncoin (TON) have particularly piqued my interest. Having closely followed the developments in this space since 2017, I can confidently say that both of these Telegram-born initiatives have experienced remarkable growth.
The value of a futures contract for HMSTR, as initially set, will be equivalent to 10 units. Settlements for this contract will be processed in USDT currency. Additionally, the price quoted for this contract will depend on the USDT cost of one unit of HMSTR. Leverage options range from 1% to 2 times the contract value. The date for contract delivery has been disclosed but will be announced separately. Notably, futures contracts for HMSTR are often delivered prior to the cryptocurrency’s availability in the spot market.
Risk Reminders for HMSTR
As a seasoned crypto analyst with years of experience in the digital asset market, I’ve seen my fair share of projects that have kept investors in the dark about crucial information. And it seems that Hamster Kombat (HMSTR) is one such project.
At OKX, it’s important to note that the availability of pre-market futures for the HMSTR token does not ensure its eventual listing in the spot market. There may be postponements or even cancellations of this process.
Significantly, Hamster Kombat has emerged as a hotbed for swindlers, according to previous reports from Coinspeaker. In this popular game, scammers employ various tactics to deceive players through phishing emails, fake airdrops, and extravagant giveaways. With approximately 4-5 million daily users, Hamster Kombat recently gained attention when the HMSTR token was added to CoinMarketCap’s listings.
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2024-07-29 18:18