The Telegram-based game Hamster Kombat has introduced its token, HMSTR, on Binance. The token has a total supply cap of 100 billion.
Set to debut on Binance today at 12 PM UTC and 5:30 PM IST, Hamster Kombat is a crypto game on Telegram where players can mine Hamster coins by staking Binance Coin (BNB) and FDUSD. Besides Binance, HMSTR tokens will be available for trading on other platforms like Bybit, Bitget, Gate.io, and KuCoin. Users will be able to trade HMSTR against Bitcoin (BTC), Tether (USDT), and other tokens on Binance Convert with no fees for the first hour after it goes live on Binance Spot.
The total supply of HMSTR tokens is capped at 100 billion, with 75% of this allocated for community airdrops and early players. Of this, 60% has already been distributed, with the remaining 15% set for future distribution. Additionally, 3 billion HMSTR tokens are being distributed through the Binance Launchpool airdrop.
Recently, the game developers revealed that out of 300 million players, only 131 million qualified for the airdrop, resulting in a 65% rejection rate. Moreover, 2.3 million player accounts were blocked due to cheating. Bybit had also provided early access to pre-market trading starting on July 8, 2024, where HMSTR tokens traded at $0.01023 each, allowing users to speculate on their value before the official launch.
