Key takeaways:
Bybit has initiated pre-market trading for the Hamster Kombat token, following KuCoin and Gate.io's earlier moves.
Pre-market trading on Bybit records HMSTR tokens as points, which will convert to official tokens post token generation event later this month.
Pre-market HMSTR filled order prices have ranged from $0.120 to $0.178.
Initial trades pin HMSTR’s price at over $0.12
Bybit has opened up pre-market trading for the Hamster Kombat token. With its decision, Bybit follows in the footsteps of two other major exchanges, KuCoin and Gate.io, which already offer over-the-counter (OTC) markets for the token.
Trade Hamster Kombat on Bybit
According to Bybit’s official announcement, tokens trading in the premarket are recorded as points, which will be converted to the official token following the token generation event expected to occur later this month. The announcement also specified that the Hamster Kombat team would be the one setting the points to the HMSTR token conversion rate. “Once the conversion rate is announced by the project team, your point orders will automatically convert to regular token orders with the same total value,” the announcement states.
Pre-market HMSTR orders have been filling in the 0.120 to 0.178 USDT price range. Image source: Bybit
During the time of writing this article, there has been quite a lot of HMSTR pre-market activity going on at Bybit, with filled order prices ranging from $0.120 to $0.178. While this does provide insight into potential HMSTR prices following the token’s official spot market launch, it doesn’t mean that the token will actually trade at these prices once it launches. After all, we don’t yet know anything about the initial circulating supply, airdrop distribution schemes, or other tokenomics details that will have an impact on the price.
For additional insights, you might want to check out our algorithmic Hamster Kombat price prediction.
The 'fastest growing digital service' in the world
Hamster Kombat is a viral phenomenon that was launched as a mini-app on Telegram in March. 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 239 million users, 31 million YouTube subscribers, and 12 million Twitter followers, becoming the “fastest-growing digital service in the time period,” according to Telegram founder Pavel Durov.
It is widely believed that once the game’s official token launches, players who collect in-game currency will receive 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 millions of coins for free.
To learn more about the game and its mechanics, consider watching the following video.