Key Insights
Binance has just announced the launch of the Hamster Kombat launch pool, which will run from 23 to 26 September.
Users can participate by staking their BNB or FDUSD tokens in the launch pool.
This launch is set to be massive, considering the hype the project has garnered throughout 2024.
Binance, the largest crypto exchange, has just announced the Hamster Kombat token as the latest project in its launch pool.
Users can now earn the new $HMSTR tokens by either staking Binance Coin (BNB) or the FDUSD stablecoin.
This event, which runs until 26 September, now offers a significant opportunity for everyone to earn a portion of the token pool.
The best part? It’ll all be based on participant staking contributions. Here’s how to get in.
Staking and Earning HMSTR on Binance Launchpool
For starters, the Hamster Kombat Launchpool will distribute 1% of the total token supply to participating Binance customers.
This amounts to about 1 billion tokens, which are valued at $81 million (in premarket rates).
The way to get in is pretty simple. Participants only need to stake their coins on the Binance platform actively.
To encourage more people to participate and stake their tokens, the exchange has also allocated around 85% of its tokens to those who opt-in for BNB staking and the remaining 15% to others who choose to stake FDUSD.
This means that in addition to the regular rewards to be distributed, the CEX still has more in store for everyone.
It is also worth noting that users can withdraw their staked tokens at any time while keeping the $HMSTR rewards they have accumulated.
At the end of the campaign on 26 September, the exchange will then officially list the token.
To encourage more people to participate and stake their tokens, the exchange has also allocated around 85% of its tokens to those who opt-in for BNB staking and the remaining 15% to others who choose to stake FDUSD.
This means that in addition to the regular rewards to be distributed, the CEX still has more in store for everyone.
It is also worth noting that users can withdraw their staked tokens at any time while keeping the $HMSTR rewards they have accumulated.
At the end of the campaign on 26 September, the exchange will then officially list the token.
So What Is Hamster Kombat (HMSTR)?
Hamster Kombat is one of the viral mini-apps launched on Telegram in March 2024.
The game quickly became popular due to its clicker-style gameplay and still remains a fan favorite.
Despite its relatively short run in the market, the game has amassed a large following, with over 300 million users, 35 million YouTube subscribers, and 12 million Twitter followers.
At one point, Telegram founder Pavel Durov even described it as the "fastest-growing digital service."
While the launch is slated for 26 September, players can expect to receive tokens based on their in-game balances.
Players are also expected to complete daily challenges, such as ciphers and combos, that allow them to boost their in-game earnings.
How to Participate in HMSTR Staking on Binance Launchpool
So, how does anyone get in on this new game?
One of the first steps to getting this done is to get a verified Binance account. The second major step is to get some BNB or FDUSD tokens to earn some rewards.
Here is a step-by-step guide.
Create and Verify Your Binance Account
If you don't already have a Binance account, sign up and complete the KYC process to become eligible.
Binance’s home page
Source: Binance
Get Some BNB or FDUSD
As mentioned, you’ll need either BNB or FDUSD in your main account. If you already have these tokens somewhere else, transfer them into your Binance wallet.
If you hold another kind of token, Binance offers numerous crypto swaps you can capitalize on to convert into the appropriate tokens.
How to buy or convert some BNB
Source: Binance
Navigate to Launchpool
Once your account is set up and loaded with BNB or FDUSD, go to the top menu on the homepage, select "More," and then go to "Launchpool."
Select the Hamster Kombat Pool
Find the right pool to capitalize on. To get started, choose either the FDUSD or the BNB Pool and follow the instructions to participate.
By choosing Binance to stake from, users can take advantage of this opportunity and earn free $HMSTR.
Binance’s launch pool
Source: Binance
Overall, this project has gained massive hype from the crypto community and is set to be a big deal on launch.
What are you waiting for? Grab your tokens and participate now!
