Bybit, a leading cryptocurrency exchange, is taking a step forward in supporting innovative blockchain projects on The Open Network (TON) by listing the Hamster Kombat (HMSTR) token for pre-market trading. This move allows users to gain early access to the token associated with the record-breaking play-to-earn game, Hamster Kombat, before its official spot trading debut.
Bybit officially announced the listing of HMSTR on its Bybit Pre-Market Trading platform on July 8, 2024. This platform facilitates the trading of new tokens before they are officially listed on the exchange. Users can set buy and sell orders at predetermined prices, providing greater control over their entry and exit points.
Launch Details and Potential Benefits
Bybit’s pre-market listing of HMSTR began on July 8th at 10:00 AM UTC. While the exchange hasn’t yet disclosed the specific delivery schedule for the tokens, this early access allows users to potentially secure HMSTR at a desired price before it hits the spot market. Bybit highlights this pre-market opportunity as a “significant step forward” for its users, enabling them to:
Acquire HMSTR tokens ahead of the market: Gain an advantage by acquiring HMSTR before the wider market has access to it through spot trading.
Lock in purchase or sale prices early: Set buy and sell orders at predetermined prices, potentially benefiting from favorable market movements.
It’s important to note that pre-market trading activity doesn’t necessarily dictate the official spot listing price of HMSTR. While pre-market trading can reflect market sentiment, various factors can influence the official listing price. Bybit emphasizes on its website that “the market ultimately determines the pre-market price and the official listing price” and may not be directly correlated.
Data from Bybit Pre-Market Trading indicates that the pre-market price of HMSTR has fluctuated between $0.001 and $0.1 (quoted in Tether) at the time of writing.
Hamster Kombat is a Telegram-based clicker game where players assume the virtual cryptocurrency exchange CEO role. Launched in March 2024, the game has garnered immense popularity, with its creators claiming it to be the third-fastest app in history to reach 150 million users.
The success of Hamster Kombat echoes the earlier rise of Notcoin (NOT), another Telegram-based clicker game with its own token. Similar to HMSTR, NOT was also listed on Bybit Pre-Market Trading before its official spot listing in mid-May 2024. At that time, Notcoin had already amassed over 11.5 million holders. The pre-market price of NOT was $0.0059, according to Bybit. Following its spot trading debut at around $0.007 on May 16th, NOT experienced a surge, reaching a high of $0.2 by June 1st (data from CoinGecko). While NOT’s price has fluctuated since then, it currently sits at $0.01691, reflecting a 16% decline over the past month but still up 25% over the past two weeks.
Bybit’s pre-market listing of HMSTR signifies the exchange’s commitment to supporting innovative projects built on The Open Network. The early access to HMSTR through pre-market trading has generated excitement among users, and the game’s record-breaking user acquisition suggests its potential for continued growth. Whether HMSTR follows a similar trajectory to NOT remains to be seen, but Bybit’s listing marks a significant step for the play-to-earn game and its token.
