Binance will launch "Hamster Kombat" (HMSTR) on its platform starting September 19, allowing users to farm tokens by locking Binance Coin (BNB) and First Digital USD (FDUSD). The farming period ends on September 25, with trading set to begin on September 26.

'Hamster Kombat' Set to Debut on Binance Launchpool

Beginning on September 19, 2024, users of Binance will have the ability to farm HMSTR tokens by locking their Binance Coin (BNB) and First Digital USD (FDUSD) holdings.

September 25, 2024, will mark the end of the seven-day farming period. Coingape shares, the exchange's farming system, will be used to disperse the "Hamster Kombat" airdrop that users will accumulate during this time.

3 Billion HMSTR Tokens to Be Distributed

To put it in perspective, there are one hundred billion "Hamster Kombat" (HMSTR) tokens in circulation. Three billion HMSTR, or three percent of the total supply, will be distributed as prizes via the Launchpool program. Users who lock BNB will receive 2.55 billion tokens or 85% of this amount. However, holders of FDUSD will receive the remaining 15%, or 450 million tokens.

Starting at 12:00 UTC on September 26, 2024, Binance will launch trading for HMSTR. With HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY, among others, it will be accessible in the trading pairings. Also, as a new listing, the token will get a "seed" tag.

Daily HMSTR Rewards Based on Contributions

Users will be able to lock their BNB and FDUSD in selected pools through the farming procedure that is available on the cryptocurrency market. The daily incentives, on the other hand, will accumulate in accordance with their contribution.

As an illustration, during the farming time, the BNB pool will receive a total of 364.3 million HMSTR on a daily basis, whilst the FDUSD pool would distribute 64.3 million "Hamster Kombat" tokens on a daily basis.