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Cryptocurrency News Articles

Binance Launchpool Announces Hamster Kombat (HMSTR) as Its 58th Project

Sep 13, 2024 at 01:54 am

Binance has officially announced Hamster Kombat (HMSTR) as the 58th project on its popular Launchpool platform, providing users with the opportunity to earn

Binance Launchpool Announces Hamster Kombat (HMSTR) as Its 58th Project

Binance has announced the next crypto project to be featured on its Launchpool platform, revealing Hamster Kombat (HMSTR) as the 58th initiative. This integration will allow users to earn the new HMSTR token by staking their BNB and FDUSD tokens.

The platform will be listing the HMSTR token on September 26, 2024, at 12:00 (UTC), making Binance the first exchange to introduce the token to the market. Participation in the Launchpool will be available from September 19, 2024, at 00:00 (UTC) until September 25, 2024, at 23:59 (UTC).

A total of 3,000,000,000 HMSTR tokens will be up for grabs, which is 3% of the total supply. These tokens will be rewarded to users who lock their BNB and FDUSD tokens. Out of the total rewards, 85% (2,550,000,000 HMSTR) will be allocated to the BNB pool, and 15% (450,000,000 HMSTR) will be assigned to the FDUSD pool.

To ensure fair distribution, the BNB and FDUSD pools will have an hourly hard cap of 1,517,857.14 HMSTR and 267,857.14 HMSTR, respectively.

HMSTR has a total supply of 100 billion tokens, aiming for wide circulation. Upon listing, it will trade with pairs like HMSTR/USDT, HMSTR/BNB, FDUSD, and TRY, offering flexibility across markets. The token will have a “seed” tag, indicating its early development stage.

Additionally, Binance has introduced HMSTR Super Earn, which allows users to lock HMSTR tokens in Simple Earn for a special APR. While the exact rate is yet to be disclosed, the offer will be available for a limited time, giving users a chance to boost returns.

For the safety of users, Binance urges大家 to perform due diligence and be wary of potential scams offering HMSTR before the official launch. Participation in the Launchpool is subject to completing the KYC process, adding a layer of security for users.

Original source:cryptotimes

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