Several cryptocurrency exchanges, including Bybit, KuCoin, and Bitget, have started premarket trading of the Hamster Kombat (HMSTR) token. The token, associated with the tap-to-earn game Hamster Kombat, appeared on Bybit’s platform on July 8, with prices ranging from $0.001 to $137.
KuCoin will begin trading the token on July 19, requiring users to complete KYC verification. Bitget has introduced Hamster Future Coins (HMSTRBG) for premarket trading due to the unknown total supply of HMSTR tokens.
Hamster Kombat, launched in March, involves earning virtual coins by tapping on a hamster, which can later convert to cryptocurrency. Telegram founder Pavel Durov highlighted its potential to attract millions to web3.
Premarket trading allows users to reserve tokens at a set price before listing, with fixed prices and penalties for unfulfilled orders, similar to options or futures contracts. This method provides an early opportunity for traders, ensuring strategic market positioning.
