Hamster Kombat is Open for Pre-Market Trading: Announced Bybit

Key Takeaways

Bybit announces pre-market trading for Hamster Kombat to allow users to trade the tokens before launch.
The exchange provides essential trading tips for Hamster Kombat's pre-market phase and assures a full refund in case of pre-market order cancellations.
It is one of the most trusted cryptocurrency exchanges and holds approximately $9,104,065,696.56 in financial reserves.

09-07-2024 By: Deep Upadhyay

Hamster Kombat's Strategic Pre-Market Trading on Bybit

Bybit, an all-rounder cryptocurrency exchange announced pre-market trading for Hamster Kombat (HMSTR). The exchange is permitting users to trade first before the HMSTR token is officially launched on the spot platform.

The Exchange took to X to share the pre-market trading details, permitting the crypto community to secure their purchase/sale price for HMSTR.

Hamster Kombat

Source: X

According to Bybit, individuals can start HMSTR pre-market trading at 10:00 UTC on July 8, 2024. However, the specific delivery schedule wasn’t revealed by the exchange yet. Also, Bybit shared some trading tips in the blog to stay safe from any kind of collateral loss.

Bybit’s Tips on Hamster Kombat Pre-Market Trading

Hamster Kombat is a click-to-earn Telegram game that allows users to mine HMSTR coins by managing a virtual cryptocurrency exchange. The token hasn’t launched yet and is anticipated to make its entry somewhere in July 2024.

Hamster Kombat's roadmap indicates that the token in-game utility will be launched in July 2024 whereas Squad Kombat, characters and skins, time-limited events, and live events will be revealed in Q3 2024. There is also a chances of launch of Hamster Kombat Airdrop

As per Bybit’s tips, the tokens are currently in the form of points. When the project announces the conversion ratio, the system will promptly assist users in converting their points to tokens.

As soon as the project releases the points-to-tokens ratio, the system will adjust users' orders to reflect the equivalent value in tokens. The total value of orders will remain the same, but the price and quantity will be updated according to the announced ratio.

Furthermore, in case of any unforeseen events that result in order cancellation, users will receive a full refund, ensuring no financial loss.

After conversion, sellers must ensure the correct number of tokens is available in the trading account at the time of delivery for the buyer to receive. It's important to note that the platform does not support direct conversion of points to tokens, so users should not deposit points tokens into the platform.

Is Bybit a Trusted Platform?

The platform was launched in March 2018, by Ben Zhou and currently serves more than 10 million users and institutions. According to CoinMarketCap, the exchange holds a trust score of 7.6 and is positioned at 4th rank after Binance, Coinbase exchange, and OKX.

The exchange holds $4,151,163,902.59 in 24-hour spot trading volume and over $9,104,065,696.56 as financial reserves with a majority of the portion secured by Bitcoin (BTC) and Tether (USDT). Also, it operates with 510 coins and 588 trading pairs and the addition of HMSTR will improve the exchange’s performance.

Conclusion

Bybit has initiated pre-market trading for the upcoming HMSTR, allowing users to trade ahead of its official launch. The exchange has provided guidelines for the conversion from points to tokens and assures a full refund in case of order cancellations.

Also Read: Hamster Kombat's 239M User Success Amuses Telegra

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