- Exchanges for cryptocurrencies began including the Hamster Kombat token into their premarket trading systems.
Premarket trading for the popular tap-to-earn game Hamster Kombat (HMSTR) has begun on a number of exchanges.
As a result, on July 8, cryptocurrency exchange Bybit declared that the HMSTR coin had been added to its premarket trading platform. Coins can be bought or sold by users via the order system. As of this writing, $137 was the highest price and $0.001 was the lowest.
Exchanges for cryptocurrencies began including the Hamster Kombat token into their premarket trading systems.
Premarket trading for the popular tap-to-earn game Hamster Kombat (HMSTR) has begun on a number of exchanges.
As a result, on July 8, cryptocurrency exchange Bybit declared that the HMSTR coin had been added to its premarket trading platform. Coins can be bought or sold by users via the order system. As of this writing, $137 was the highest price and $0.001 was the lowest.
Furthermore, prior to its formal introduction, the Bitget platform announced premarket trading of HMSTRBG, or Hamster Future Coins. The entire supply of Hamster Kombat tokens, or HMSTR, is still unclear, according to platform representatives, as the project has not yet disclosed its tokenomics.
With a 10 billion token supply, Bitget has introduced the Hamster Futures Coin as a representative token for premarket trading, ensuring that users are better positioned to trade HMSTR before to its introduction.
Additionally unknown is the precise date of HMSTR’s official listing. The introduction of the coin is slated for the end of July, per the Hamster Kombat roadmap.
What is understood about Kombat Hamster
In March of this year, the clicker game Hamster Kombat was released. The storyline states that the hamster rises to prominence in the cryptocurrency exchange and attempts to improve it. The basic idea is that players touch on a virtual hamster to get one virtual coin each time. The creators of the game claimed that these coins could be exchanged for bitcoin after marketing it.
Pavel Durov, the creator of Telegram, also highlighted Hamster Kombat’s quick rise to fame. He believes that hundreds of millions of people will be drawn to the web3 industry as a result.
Durov also promised to supply the TON blockchain and alluded to the much anticipated launch of Hamster Kombat tokens. Nevertheless, there was no formal announcement of the cryptocurrency’s ticker for Hamster Combat. This is just the name of the coin on the Bybit market; it is not a given that it will be HMSTR.
The functioning of premarket trading
Premarket is an over-the-counter trading marketplace where new coins can be bought and sold before to their listing. Orders for tokens will become exchange orders once Hamster Kombat is listed, and users can only reserve tokens at a specific price using it. There is a crucial distinction from futures trading: traders are unable to revoke an order they have placed on the premarket, per the regulations of the cryptocurrency exchange. The price of the token is set once an agreement is reached, and the funds of the buyer and seller are kept in escrow until the listing is finished.
In the pre-TGE token market, buyers of assets place orders to purchase assets at predetermined prices, just like any other ordinary user of the trading platform. Additionally, sellers that wish to sell tokens that are not yet created utilize the collateral as security. The vendor will be fined by the system if he doesn’t finish the deal.
There is an initial execution deadline for trades. For instance, the seller will be fined if they do not complete the order within a few hours after the TGE.
Similar to options or deliverable futures contracts, premarket platforms include a seller and buyer entering into a contract to buy or sell an item at a predetermined price at a specific time.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
