OKX provided a list of risk considerations for the Hamster Kombat (HMSTR) token, as well as the fact that the project has not yet disclosed the tokenomics of the altcoin or a delivery date.
OKX, a prominent digital asset trading platform, has disclosed that it will be introducing pre-market futures for HMSTR, the native token of Hamster Kombat, a viral game that is based on the social messaging application Telegram. The ‘tap-to-earn’ game is one of the most popular products that utilize blockchain technology, with over 240 million users.
OKX has announced that users of the exchange will be able to trade the USDT-margined pre-market futures for the upcoming HMSTR token. On August 1, at 10:00 a.m. UTC, the listing will occur. Nevertheless, this is not the initial occurrence of the native token of the common Telegram game being listed on an exchange.
Bybit has confirmed that it will be listing HMSTR pre-market trading, as per a previous report. This will provide digital asset enthusiasts with the opportunity to acquire exposure to the cryptocurrency before it formally debuts on exchanges. Investors capitalized on the opportunity to purchase the cryptocurrency before the HMSTR market became packed as Bybit listed it on July 8.
The developers of the game have yet to officially reveal Hamster Kombat TGE, which was announced for July. The game’s popularity surged in parallel with Notcoin (NOT), another viral Telegram game that introduced its token earlier this year and garnered media attention following an explosive rally. Toncoin (TON), the native digital asset of The Open Network blockchain and associated with Telegram, has also experienced significant gains since July 2023. This has solidified its position among the top 10 cryptocurrencies by market capitalization.
The settlement will occur in USDT, and the futures contract will have a small amount of 10 HMSTR. Furthermore, the quoted price will be depending on the USDT pricing of 1 HMSTR, and the permissible leverage ranges from 0.01 to 2x. In the meantime, the delivery date for the futures contract has been disclosed, and OKX has indicated that it will be disclosed in a distinct announcement. It is interesting that pre-market futures are frequently executed prior to the cryptocurrency’s listing on the open market.
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