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Cryptocurrency exchanges have started adding the Hamster Kombat token to their pre-market trading platforms.
The token of the popular tap-to-earn game Hamster Kombat (HMSTR) has appeared in pre-market trading on several exchanges.
So, cryptocurrency exchange Loss announced on July 8th that had added the HMSTR token to its pre-market trading platform. Users can buy or sell coins via the order system. At the time of writing, the highest price reached $137 and the lowest was $0.001.
In June, the Currency cryptocurrency exchange also announced Hamster Kombat coin pre-market. Although the start of trading has been postponed several times, it is now scheduled for July 19. Users must complete Know Your Customer (KYC) verification to participate in the pre-sale.
🚀 Get ready for Hamster Kombat Coin (HMSTR) pre-market!🚀
🌟Sign up now🌟
— KuCoin (@kucoincom) June 17, 2024
Furthermore, the Bin platform announced pre-market trading of Hamster Future Coins (HMSTRBG) ahead of its official launch. Representatives of the platform noted that since the Hamster Kombat project has not yet announced its tokenomics, the total supply of Hamster Kombat tokens, i.e. HMSTR, remains unknown.
To ensure that users are better positioned to trade HMSTR ahead of its launch, Bitget has introduced Hamster Futures Coin as a representative token for pre-market trading with a total supply of 10 billion tokens.
The exact date of HMSTR’s full listing is also unknown. According to Hamster Kombat’s roadmap, the token is scheduled to launch at the end of July.
What is known about Hamster Kombat?
The clicker game Hamster Kombat was launched in March this year. According to the plot, the hamster becomes an important figure in the cryptocurrency exchange and tries to boost it. The mechanics are simple: users touch a virtual hamster, receiving a virtual coin for each touch. After promoting the game, the developers promised that these coins could be converted into cryptocurrency.
Telegram founder Pavel Durov also noted the rapid success of Hamster Kombat. He is sure that this will attract hundreds of millions of people to website3 sector.
Durov also mentioned the long-awaited launch of Hamster Kombat tokens, promising to provide TONNE blockchain. However, the ticker for the Hamster Combat cryptocurrency has not been officially announced. It is not a given that it will be HMSTR; this is just the name of the coin on the Bybit exchange.
How Pre-Market Trading Works
Premarket is an over-the-counter trading platform designed to buy and sell new tokens before they are listed. With it, users can reserve tokens only at a certain price, and when Hamster Kombat is listed, orders for tokens will turn into orders on the exchange. Unlike futures trading, there is one important nuance: according to the rules of the cryptocurrency exchange, traders cannot cancel an order concluded on the premarket. Once agreed, the price of the token is fixed, and the money of the seller and buyer is frozen until the listing is completed.
Asset buyers in the pre-TGE token market act as regular participants on the trading platform, placing an order to buy an asset at a specific price. And sellers use collateral as security to sell tokens that do not yet exist. If the seller refuses to complete the transaction, the system will fine him.
Trades have an initial execution deadline. For example, the seller has a few hours after the TGE to execute the order, otherwise he will be penalized.
Pre-market platforms are similar to deliverable options or futures contracts, where the seller and buyer enter into an agreement or contract to buy or sell an asset at a pre-agreed price at a certain time.