TLDR:
- Hamster Kombat’s HMSTR token launching on TON on September 26, 2024
- 3 billion HMSTR tokens (3% of total supply) allocated for Binance Launchpool
- Binance users can stake BNB and FDUSD from September 19-26 to earn HMSTR
- Hamster Kombat has reportedly attracted over 300 million players
- HMSTR trading pairs will include USDT, BNB, FDUSD, and TRY on Binance
Hamster Kombat, the popular Telegram-based tap-to-earn game, is set to launch its HMSTR token on The Open Network (TON) on September 26, 2024.
In preparation for this event, Binance has announced a Launchpool campaign allowing users to earn HMSTR tokens by staking Binance Coin (BNB) and First Digital USD (FDUSD).
The total supply of HMSTR tokens will be 100 billion, with 3 billion (3% of the total supply) allocated for the Binance Launchpool campaign.
This weeklong rewards program will run from September 19 to September 26, 2024. Of the 3 billion tokens set aside for the campaign, 85% (2.55 billion) will be distributed to BNB stakers, while the remaining 15% (450 million) will go to FDUSD stakers.
Hey CEOs!
🐹 We’re happy to announce that the total supply of $HMSTR tokens will be 100 billion coins.
🖇️ More details on the Binance announcement:
• Along with the listing, there will be Binance Launchpool and Super Earn features available for the $HMSTR token
•…
— Hamster Kombat (@hamster_kombat) September 12, 2024
Binance users in eligible countries can participate in the Launchpool by staking their BNB and FDUSD tokens. Daily rewards will be calculated based on each user’s contribution to the staking pools. The BNB pool will distribute approximately 364.3 million HMSTR tokens daily, while the FDUSD pool will allocate 64.3 million tokens per day.
Once the token launches on September 26, Binance will list HMSTR for trading in several pairs, including HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. The exchange will apply a “seed” tag to indicate that HMSTR is a newly listed token.
In addition to the Launchpool campaign, Binance plans to introduce HMSTR to its Super Earn program. This initiative will allow users to lock their HMSTR tokens for a 7-day period to earn special annual percentage rate (APR) rewards.
The exact APR will be announced closer to the launch date, and users will be able to subscribe to up to 30,000 HMSTR tokens each, with a total of 100 million HMSTR tokens reserved for the program.
Hamster Kombat has gained significant traction since its launch in March 2024, reportedly attracting over 300 million players. The game allows players to act as hamster CEOs running cryptocurrency exchanges, making investments and upgrades to grow their virtual businesses.
The game’s popularity has raised concerns about whether TON can handle the potential demand during the token launch and subsequent airdrop. TON experienced two outages in late August 2024, prompting questions about its ability to manage the traffic from Hamster Kombat’s large user base.
Other games like Catizen and Rocky Rabbit are also planning to debut their tokens on TON around the same time.
The HMSTR token launch is expected to be a significant event in the growing Telegram gaming space. According to earlier announcements, the Hamster Kombat team plans to airdrop 60% of the total token supply to early players, which could amount to 60 billion tokens distributed among millions of claimants.
Binance has emphasized the need for users to complete KYC verification to participate in the Launchpool and Super Earn programs. The exchange has also warned users to be cautious of potential fraudulent offers for HMSTR tokens before the official listing date.
Due to regulatory issues, users from certain regions, including the United States, Canada, and Japan, are restricted from participating in the Launchpool and Super Earn programs.
