The leading cryptocurrency exchange, Binance, has announced Hamster Network as the next project featured on their Binance Launchpool staking platform.
Starting on September 23, you will be able to earn Hamster Kombat (HMSTR) tokens on Binance simply by staking your BNB or the FDUSD stablecoin. You’ll be able to withdraw the coins you’ve staked at any time and keep the HMSTR token rewards.
The HMSTR launchpool campaign will last 3 days, until September 26. The amount of token rewards you earn will depend on how many coins you stake.
Earn HMSTR Token on Binance
Binance plans to distribute 1% of the total HMSTR token supply to users on Launchpool. This translates to 1 billion HMSTR tokens (worth about $81 million according to premarket rates) out of a total supply of 100 billion tokens.
85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more HMSTR if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.
Introducing, @hamster_kombat $HMSTR on #Binance Launchpool and Super Earn. Read more 👉 https://t.co/9fSqBKrNEz pic.twitter.com/T0DJxa0MNc
— Binance (@binance) September 12, 2024
At the conclusion of the Hamster Kombat Launchpool campaign, Binance will list HMSTR on September 26.
What is Hamster Kombat (HMSTR)?
Hamster Kombat is a viral phenomenon that was launched as a mini-app on Telegram in March 2024. At its core, it is a clicker (or “tapper”) game simulating running a cryptocurrency exchange.
In the relatively brief period since its launch, the game amassed over 300 million users, 35 million YouTube subscribers, and 12 million Twitter followers, becoming the “fastest-growing digital service in the time period,” according to Telegram founder Pavel Durov.
Once the game’s official HMSTR token launches on September 26, players who collect in-game currency will receive a distribution of tokens that will be (at least in part) based on their in-game balances.
To boost their earnings, players regularly follow Hamster Kombat daily ciphers and combos, which allow them to earn coins for free. These daily challenges can result in significant rewards if completed consistently.
Learn more about the upcoming token launch and Hamster Kombat airdrop dates in the video below:
HMSTR to benefit from a higher APR introduced by Binance Super Earn
Binance announced that HMSTR would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects.
Key features of Binance Super Earn:
The Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens.
Super Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events.
Users can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards.
Super Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify.
How to earn HMSTR tokens on Binance Launchpool
If you want to earn Hamster Kombat farming rewards, you’ll need a Binance account.
Create Binance Account
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool."
Then, find the available Hamster Kombat farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
Note that the Launchpool for Toncoin was not yet opened at the time of writing this article. The screenshot shows the pools for Omni Network, a project listed on Binance Launchpool relatively recently.
As a final note, here’s a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
Hamster Kombat (HMSTR) Launchpool Start Date September 23, 2024, 00:00 (UTC) End Date September 26, 2024, 00:00 (UTC) BNB Pool Daily Rewards 850,000,000 HMSTR FDUSD Pool Daily Rewards 150,000,000 HMSTR Total HMSTR Rewards 1,000,000,000 HMSTR Listing Date September 26, 2024, 12:00 (UTC)