Bybit Pioneers Early Access to Hamster Kombat (HMSTR) with Pre-Market Trading

UTC by Temitope Olatunji · 3 min read
Bybit Pioneers Early Access to Hamster Kombat (HMSTR) with Pre-Market Trading
Photo: Depositphotos

Hamster Kombat is a Telegram-based play-to-earn game that allows participants to mine HMSTR coins as a reward for playing.

Bybit has announced in a blog post that Hamster Kombat (HMSTR) will be the latest project listed on their Pre-Market Trading Platform. The exchange platform revealed they are granting traders the opportunity to purchase the HMSTR tokens early before the project is listed for spot trading.

Hamster Kombat is a Telegram-based play-to-earn game that allows participants to mine HMSTR coins as a reward for playing; due to this uniqueness, over 239 million people have signed up to be members of the platform in three months.

The exchange platform revealed that the Pre-market Trading will commence on July 8, at 10 AM UTC granting users the early opportunity to capitalize on the project’s potential before it becomes crowded.

Bybit’s Pre-Market Trading Platform: Ensuring Fairness and Transparency

Bybit has also rolled out some guidelines for the HMSTR pre-market trading; the team behind the project revealed that the token users are holding currently serves as points. Hence, when the Hamster team announces the official exchange rate, Bybit will automatically convert those points into regular HMSTR tokens. They will also adjust the price and amount of the tokens to match the new conversion rate.

They also stated that if the HMSTR team changes the exchange rate before the tokens are delivered, Bybit will automatically update the order details to match the new rate. They said:

“In the event that the project team adjusts the conversion rate before delivery, the system will automatically make corresponding adjustments to update your order details.”

Similarly, If an order gets canceled for unexpected reasons, the trader’s fund will automatically be returned to the original payment method they used. Moreover, the exchange maintained that after points have been converted to regular order, sellers must have the same amount of HMSTR tokens in their Unified Trading Account by the time the order is delivered. They further stated that buyers will also receive the same number of tokens upon delivery. They revealed:

“Once point orders are converted to regular orders, sellers must have the matching amount of tokens ready in their Unified Trading Account (UTA) by the delivery time. Buyers will receive the corresponding amount of tokens upon successful delivery.”

The Potential Impact of Bybit’s HMSTR Pre-Market Listing

The inclusion of Hamster Kombat (HMSTR) in the Bybit Pre-Market Trading platform is a step in the right direction for both platforms. It will drive more people to use the crypto exchange platform and open access for accumulating HMSTR before it finally gets launched, which could even propel the coin’s price to spike upon its final listing.

The launch on Bybit is a follow-up to Hamster’s latest announcement that it will be adding a new level to the game, and the condition for attaining it is that users must have gained 18 billion in-game coins.

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