What is Binance Launchpool?
Binance Launchpool is a platform that allows users to stake their crypto assets and earn new tokens in return. This concept is similar to liquidity farming, where users lock their assets in a pool to support a new project and in return, they receive tokens from that project.
And Binance announced its 58th launchpool project, Hamster Kombat (HMSTR), a crypto exchange CEO simulator game with more than 300 million players. Its mission is to smoothly onboard the next billion of Web2 users into Web3.
The $HMSTR token will go far beyond Hamster Kombat, powering multiple products in and outside of the Hamster ecosystem.
○ Hamster Kombat is building a gaming publishing ecosystem by leveraging its existing audience of over 300 million users and decades of experience building and marketing games.
○ Hamster Kombat has already conducted the first partnerships with carefully curated games by promoting them inside the mini-app. The same day, all of these games hit the top 10 of the AppStore in their respective categories.
○ By combining highly efficient marketing tools, local content creators' traffic, and the ability to launch dozens of bleeding-edge hit games, Hamster Kombat will build an engaging conveyor with an endless gaming cycle.
○ The $HMSTR token will be at the epicenter of this ecosystem, as it will be used for rewards inside the games, as a currency to acquire in-game assets, and as an access touchpoint for advertising and promotion features.
○ Hamster Kombat can solve the biggest challenge of mobile gaming, which is customer adoption. The project acquired over 300 million users and over 99% of players were invited by their friends.
The combination of the advertising and publishing businesses makes Hamster Kombat a profitable business with multiple fiat revenue streams, which is crucial for long-term business sustainability, as it removes the selling pressure for the token.
Deposits from the mini-app to Binance will start Sept 13, 14:00 UTCx.
Supported pools:
~ BNB Key (webpage will be available in about 24 hours): Reward of 2,550,000,000 HMSTR (85%).
~ FDUSD Key (webpage will be available in about 24 hours): Reward of 450,000,000 HMSTR (15%).
Farming period: 2024-09-23 at 07:00 WIB to 2024-09-26 at 06:59 WIB.
Binance is the only exchange that will offer Super Earn: high APR staking during 3 days for $HMSTR holders.
There will be a Launchpool with 3% of total supply for staking BNB and FDUSD
SuperEarn with 100m tokens as rewards, distributed among participants during 7-days staking period. Super high APR product with rewards fully sponsored by the project.
