Hamster Kombat (HMSTR) Goes Live on Binance, KuCoin, and Other Exchnages

Coinspeaker
Hamster Kombat (HMSTR) Goes Live on Binance, KuCoin, and Other Exchnages

The wait is finally over, as Hamster Kombat’s HMSTR HMSTR $0.0064 24h volatility: -49.0% Market cap: $411.35 M Vol. 24h: $879.63 M has finally gone live for trading on multiple trading platforms. The exchanges that have listed the token include Binance, KuCoin, OKX, Bybit, Bitget, Gate.io, MEXC and Bitfinex.

In less than an hour after listing, Hamster Kombat was trading for $ 0.009049 with its market cap coming in at $ 579.22 million. The initial HMSTR price at the beginning of trading was $0.013.

The 131 million players who qualified for the airdrop have started claiming their token share. Following the airdrop claims, HMSTR now joins Telegram-based tokens with support on the most prominent exchanges. The launch has sparked excitement in the crypto ecosystem, with several players celebrating their earnings.

The HMSTR token has a maximum supply of 100 billion, and 75% of this value was scheduled for this airdrop. However, only 60% have been distributed, with the other 15% coming in a future token distribution (Season 2). An airdrop distribution of 3 billion HMSTR occurs in the Binance Launchpool. The exchange made this possible by locking 14 billion USDT worth of BNB and FDUSD. 

Additionally, Binance has launched HMSTR Super Earn product where users can lock their tokens for rewards. A 100,000,000 HMSTR reward has been earmarked for this product as well.

The 30.6 million gamers who have not chosen their preferred withdrawal method still have some grace to claim their airdrops. They can pick the direct claim option, which is currently available. As of September 25, those in this category could choose either this direct claim or the crypto exchange option, which is now no longer available. 

Unfortunately, the 2.3 billion players caught cheating a few days ago have no share in the ongoing token distribution. 50% of their 6.8 million HMSTR has been redistributed to honest and dedicated players, while the other 50% is set aside for “burning”.

HMSTR has garnered significant traction following the token distribution, ranking amongst digital assets with the highest social mentions.

It is worth noting that some market observers previously predicted that the token price would fall between $0.004 and $0.01.

Crypto influencer Ajay predicted a price range between $0.005 and $0.01. He does not see the possibility of HMSTR’s market cap surpassing $1 billion. With the project’s traction, HMSTR may beat this and other influencers’ expectations. Similarly, airdrop analyst Gautam Gupta forecasted a potential dip in HMSTR prices post-listing. His analysis led him to estimate the expected trading range of HMSTR tokens at $0.008 to $0.009 each. 

Moving forward, there are concerns that the project’s hype may dwindle in the coming days, causing the token to lose most of its value. He highlighted the development team’s inexperience and the project’s lack of utility. Gupta believes these factors threaten the long-term viability of the Telegram-based Tap-to-earn project.

Even with its anti-cheat strategy in place, the HMSTR development team is still guarding against entities who might want to tamper with the airdrop. Once caught, their IP addresses and contact details will be handed to the authorities per Telegram’s new policy.next

Hamster Kombat (HMSTR) Goes Live on Binance, KuCoin, and Other Exchnages