The Binance exchange said that the Hamster Kombat (HMSTR) will be available on its Launchpool platform from the 23rd of September in 2024. This is one of the most significant moves for this relatively new gaming currency, as it will now be accessible on the Binance platform later this month.
The farming period will last from September 23 at 00:00 UTC to September 25, 2024 at 23:59 UTC. From September 23, the users will be able to farm HMSTR coins by locking BNB and FDUSD tokens. During this time, the users of Binance can obtain HMSTR tokens via the company's farming system while airdrops are proportionally released.
Image 1 - $HMSTR Binance Launchpool announcement (Image source - Binance)
In this article, we’ll explore strategies to help you maximize your gains from the $HMSTR Launchpool and get the most out of it.
Hamster Kombat $HMSTR Tokenomics
The development team Hamster Kombat announced the total supply of the HMSTR token to be 100 billion tokens with 3 billion tokens locked up for the Binance Launchpool campaign. This new opportunity has been offered to eligible countries' users on Binance to participate by locking in some Binance Coin, BNB, and FDUSD stablecoin to receive certain numbers of HMSTR.
Token Name:- Hamster Kombat (HMSTR)
Total Supply:- 100,000,000,000 HMSTR
Launchpool Rewards:- 3,000,000,000 HMSTR (3% of total supply)
Network:- Ton Network
Listing Date:- September 26, 2024, 12:00 (UTC)
Trading Pairs:- HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, HMSTR/TRY
About Hamster Kombat Launchpool
The HMSTR passive accumulation will open for joining from September 23, 2024, at 00:00 UTC. When the farming event takes place, you will be required to deposit the native BNB token and/or FDUSD stablecoin of the exchange.
After the farming event, any participant who qualifies will receive a part of the HMSTR token distribution proportional to the amounts locked. During this balance snapshot period, every hour, user balances and the total pool are recorded to determine incentives.
The highest amount that can be given out in one day is 428,571,428 HMSTR or 364,285,714 for BNB and 64,285,714 billion for the FDUSD pool. To make a maximum benefit you should join the farming when it starts because there are fewer stakeholders.
You can access more details by visiting here.
How to participate in the Hamster Kombat Launchpool
It's easy and straightforward to join the $HMSTR Launchpool on Binance. You just have to follow a couple of quick steps to get there. So, here's how you join the Hamster Kombat Launchpool on Binance:
Go to the section of Binance Launchpool and find the Hamster Kombat Launchpool
Select between FDUSD or BNB which coin to lock and then click lock
Input the amount you want to stake on the pool, then click on Stake.
As soon as the staking process is complete, you have to wait for the token to be distributed. The token will then be directly deposited into your Binance Spot account.
The tokens will be distributed once Hamster Kombat is listed on the platform, which is scheduled for September 26, 2024, at 12:00 UTC. After the listing, you will be credited with the same number of tokens staked in your Binance account which you can then trade or hold according to your preference.
To ensure user safety, Binance needs users to pass KYC verification before participating in the Launchpool.
Tips to get the most out of $HMSTR Binance Launchpool
1. Stake Enough: The higher the amount of BNB staked, the more potential earning, and the bigger the allocation of new tokens; hence, an adequate amount of BNB in Launchpool must be staked.
2. Time Your Stakes. You should look at the days remaining for each event on Launchpool. You could be staking early in a particular project if you have high hopes that it has much in store; thereby allowing time to maximize your investment, and perhaps keep good advantage of being the first mover.
3. Stay Active on Socials: Follow the announcements of Binance and Launchpool-listed projects. Evaluate the fundamentals, tokenomics, and potential for growth in the project.
4. Keep Track of Rewards: Many should keep checks on their earnings from Launchpool regularly and think about reinvesting some of the rewards into other projects on Launchpool to compound the gains.
5. Spread Your Stakes. Do not put all your eggs in one basket. You might diversify the BNB you stake on different projects on Launchpool to mitigate risk, thereby achieving possible maximum rewards.
Conclusion
In order to maximize your benefits, begin farming early in the campaign. However, be careful to analyze every risk, just do your due diligence before starting to farm the $HMSTR token. If you already have native BSC tokens, participating will just need you to lock up your liquidity for the duration of the campaign.
Key highlights:
The farming period starts on 23 September at 00:00 UTC
Staking is accessible till September 25 at 23:59 UTC.
The agricultural phase lasts 3 days.
This early involvement method guarantees that you maximize your earnings, but always consider the challenges associated with any subsequent investments.
