What do you need to know

Cryptocurrency exchanges have started adding the Hamster Kombat token to their pre-market trading platform.

The token of the popular money-making tapping game Hamster Kombat (HMSTR) has appeared in pre-market trading on several exchanges.

Thus, the exchange of cryptocurrencies By bit announced On July 8, it added the HMSTR token to its pre-market trading platform. Users can buy or sell coins through the order system. At the time of writing, the highest price reached $137, and the lowest was $0.001.

In June, the KuCoin cryptocurrency exchange too announced Hamster Kombat Coin pre-sale. 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.

Furthermore, the Bitget platform announced Hamster Future Coins (HMSTRBG) pre-market trading 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 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 in late July.

What is known about Hamster Kombat

The clicker game Hamster Kombat was released in March this year. According to the plot, the hamster becomes an important figure in the cryptocurrency exchange and tries to improve it. The mechanics are simple: users tap on a virtual hamster, receiving a virtual coin for each tap. After promoting the game, the developers promised that these coins could be converted into cryptocurrency.

Telegram founder Pavel Durov also emphasized the rapid success of Hamster Kombat. He is confident that it will attract hundreds of millions of people to the web3 sector.

Durov also mentioned the long-awaited launch of Hamster Kombat tokens, promising to provide the TONNE blockchain. However, the ticker for the Hamster Combat cryptocurrency has not been officially announced. It is not a fact 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 only reserve tokens at a certain price, and once Hamster Kombat is listed, token orders 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 in 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.

Buyers of assets 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.

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