On September 12, 2024, Binance unveiled its latest Launchpool project, Hamster Kombat (HMSTR). This new gaming token will be integrated into Binance’s ecosystem, with users able to farm HMSTR tokens starting September 19, 2024. The move is considered a significant step forward for both Binance and the newly launched gaming token.
Farming Opportunities for Binance Users
From September 19 to 25, 2024, Binance users will have the opportunity to lock in Binance Coin (BNB) and First Digital USD (FDUSD) to farm HMSTR tokens. During this seven-day period, users will earn rewards through airdrops distributed via Binance’s farming system. A total of 3 billion HMSTR tokens, or 3% of the total supply, have been allocated as rewards for the Launchpool initiative.
Of these, 85% (2.55 billion tokens) will be awarded to those staking BNB, while the remaining 15% (450 million tokens) will go to FDUSD holders. This distribution aims to encourage participation and offer users a chance to accumulate tokens before HMSTR begins trading.
Hamster Kombat Trading to Begin on September 26, 2024
Binance will officially list the $HMSTR token for trading on September 26, 2024, at 12:00 UTC. Users will be able to trade $HMSTR in multiple pairs, including HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. The token will carry a “seed” tag, marking it as a newly listed digital asset.
Users participating in the farming process will see daily rewards based on their locked contributions. For instance, 364.3 million $HMSTR tokens will be allocated daily to BNB stakes, while 64.3 million tokens will go to FDUSD stakes.
Hamster Kombat Inclusion in Binance’s Super Earn Program
In addition to the Launchpool, Binance is launching its Super Earn program for Hamster Kombat (HMSTR). Users can lock tokens for 7 days to earn a special annual percentage rate (APR). Binance reserved 100 million HMSTR tokens for the program, allowing users to subscribe for up to 30,000 tokens each. The exact APR will be announced later.
More detailed APR information, including daily percentage rates, will be provided closer to the Super Earn program’s launch. Binance clarified that due to regulatory concerns, participation is restricted in regions like the United States, Canada, and Japan.
Security and KYC Requirements
As with all Binance initiatives, participants must complete Know Your Customer (KYC) verification to take part in these offers. Binance also warned users to be cautious of fraudulent offers for HMSTR tokens, especially before the official listing date on September 26, 2024.
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