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Binance Announces the Launch of the 58th Project on Launchpool: $HMSTR (Hamster Kombat)

Binance Launchpool introduces $HMSTR (Hamster Kombat), a tap-to-earn game. Stake BNB & FDUSD to farm tokens. Spot trading starts on September 26, 2024.

On September 12, Binance unveiled its latest project on Binance Launchpool: $HMSTR (Hamster Kombat). Following considerable anticipation from the crypto community, Binance’s announcement comes after other major centralized exchanges (CEX), including OKX and Bybit, had already listed HMSTR on both Spot and Futures.

Hamster Kombat, an immensely popular tap-to-earn game integrated as a mini app on Telegram, has amassed over 300 million players and achieved a series of Guinness World Records for media engagement. In the game, players simulate a Hamster becoming the CEO of a cryptocurrency exchange, where simple clicks on the Hamster icon enable users to accumulate points and engage in various activities to increase passive income.

HMSTR Launch Details

Binance revealed on its website that the farming period for HMSTR tokens will run for 7 days, starting from 00:00 on September 19 to 23:59 on September 25 (UTC). After the conclusion of this Launchpool event, Binance will list the HMSTR token for Spot trading at 12:00 on September 26 (UTC), introducing pairs such as HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY.

Key information about the HMSTR Launchpool includes:

  • Token Name: Hamster Kombat (HMSTR)
  • Total Token Supply: 100,000,000,000 HMSTR
  • Token Rewards in Launchpool: 3,000,000,000 HMSTR (3% of the total supply)
  • Supported Smart Contract: TON (The Open Network)
  • KYC Required for Staking
  • Hourly Hard Cap: 1,517,857.14 HMSTR in BNB pool; 267,857.14 HMSTR in FDUSD pool

Users will be able to stake BNB and FDUSD to farm HMSTR tokens through dedicated pools. The BNB staking pool offers 85% of the rewards (2,550,000,000 HMSTR), while the FDUSD staking pool provides 15% (450,000,000 HMSTR). The official farming website is expected to go live within the next 24 hours.

Super Earn Program and Upcoming Research

In addition to the Launchpool initiative, HMSTR will be the second project to join Binance’s Super Earn program, following the success of TON (Toncoin). This program is set to offer users high annual percentage rates (APR) over a defined period, although specific APR details have yet to be disclosed. Participants in the Super Earn section can stake up to 30,000 HMSTR, with a total reward pool of 100,000,000 HMSTR.

Binance is also preparing to release a comprehensive research report on Hamster Kombat in the next 24 hours, providing more insights into the game and its tokenomics.

Market Reaction

Despite the excitement surrounding the new Launchpool project, the BNB token price has remained relatively stable, currently trading around $543. This follows a 5% surge in the past 24 hours and a nearly 10% increase since the start of the week. Analysts attribute this stability to BNB’s recent price action, which has established a solid support level at $500.

bnb price chart
BNB Price Chart on September 13 (Source: Coinmarketcap)

The latest Launchpool projects, including TON, DOGS, and now HMSTR, indicate Binance’s ongoing focus on the TON ecosystem, marking a trend of consecutive listings from this network.

As the 58th project on Binance Launchpool, Hamster Kombat is set to generate significant attention from the crypto community, continuing Binance’s tradition of high-profile listings. With its innovative gaming concept and robust community engagement, HMSTR is poised to make waves in the market following its listing on September 26.

Related news: TON Community Reports Record Numbers Following DOGS Memecoin Airdrop Event

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