Binance has announced the launch of USD-margined perpetual contracts for Hamster Kombat ($HMSTR), set to go live on September 26, 2024, offering leverage of up to 75x. Consequently, this move continues Binanceâs expansion into Telegram-based Play-to-Earn (P2E) projects such as Hamster Kombat, thereby attracting significant attention from both traders and gamers.
Binance Perpetual Contracts Announcement. Source: Binance.com Binance Introduces Hamster Kombat Coin Perpetual Contracts
On September 16, 2024, Binance confirmed its plan to list Hamster Kombat ($HMSTR) perpetual contracts. The contract, trading under HMSTRUSDT, will feature a capped funding rate of +2.00% / -2.00% with settlement every four hours. Although the tick size is still to be confirmed, Binance has stated it may adjust the contract specifications based on market conditions, such as funding fees, leverage, and margin requirements.
Launch Date: September 26, 2024, 12:30 UTC
Leverage: Up to 75x
Funding Rate: +2.00% / -2.00%
Settlement: Every 4 hours
Binance Contract Specifications Overview. Source: Binance.com
This pattern aligns with Binanceâs previous approach of spotlighting projects like AERGO and UXLINK, which experienced significant price surges following the introduction of their futures contracts. Consequently, many anticipate comparable results for Hamster Kombat, a swiftly expanding P2E project.
Hamster Kombat ($HMSTR) Token Available for Farming on Binance Launchpool
In addition to the futures listing, Hamster Kombat ($HMSTR) has been added to Binanceâs Launchpool as the 58th project. From September 19 to 25, users can stake their BNB and FDUSD to farm up to 3 billion HMSTR tokens, which represents 3% of the total supply. The reward distribution allocates 85% of the tokens to the BNB pool, while 15% goes to the FDUSD pool.
Total Token Supply: 100 billion HMSTR
Launchpool Reward: 3 billion HMSTR (3% of total supply)
BNB Pool: 2.55 billion HMSTR (85%)
FDUSD Pool: 450 million HMSTR (15%)
An hourly cap on rewards will ensure fair distribution. This Launchpool farming initiative gives users an early opportunity to acquire Hamster Kombat tokens before the September 26 listing.
Hamster Kombat Token Listing Announcement. Source: HamsterKombatonX Daily Cipher Code Challenges Fuel Hamster Kombatâs Popularity
Hamster Kombat, launched in March 2024, has attracted over 300 million players worldwide. The gameâs quirky design, featuring a hamster as a CEO managing a virtual crypto exchange, has resonated with the gaming community. Players can earn Hamster Kombat tokens through daily tasks such as combo card challenges and cipher codes.
Players could select three combo cardsâNFT Collection Launch, Gym Hamster, and Hamster Analyticsâto earn up to 5 million tokens. Additionally, they could decode the cipher code âCHARGEâ using Morse code to win 1 million tokens. These daily challenges, offering substantial rewards, have been instrumental in maintaining high engagement levels among players.
Hamster Kombat Binance Listing Announcement. Source: HamsterKombat
Hamster Kombat (HMSTR) is also introducing new daily features, including the Daily Cipher Code. On September 17, the cipher code âLISTINGâ offered players another opportunity to win 1 million in-game coins. The gameâs combination of fun tasks and significant rewards has made it a standout in the P2E space.
The post Binance to Roll Out Hamster Kombat $HMSTR Coin Perpetual Contracts, Featuring Daily Cipher Codes and Combo Cards appeared first on CoinChapter.