News
Bybit Announces Hamster Kombat Token Listing for Pre-Market Trading
Bybit, the second-largest cryptocurrency exchange by market share, has announced the listing of Hamster Kombat, a trendy Telegram-based cryptocurrency project, on its pre-market trading platform.
By doing so, Bybit strengthens its support for new crypto projects, especially those associated with Telegram’s Open Network (TON).
Bybit officially on July 8th announced its decision to list Hamster Kombat (HMSTR) tokens on the over-the-counter (OTC) market, giving way to pre-market trading of the token.
The OTC platform allows investors and cryptocurrency enthusiasts to trade new tokens before their official listing, allowing them to make transactions at convenient prices.
Bybit’s official announcement indicated that Bybit’s pre-market OTC platform officially launched trading for Hamster Token on July 8, effective immediately after the announcement.
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Bybit explained the reason for this decision in its announcement, stressing that the development represents an important step forward.
“The inclusion of HMSTR tokens on our Pre-Market platform represents a significant step forward, offering users the ability to get their hands on HMSTR tokens before they are listed for Spot trading. This exclusive access allows users to secure HMSTR tokens pre-market and lock in buy/sell prices in advance, marking an innovative advancement in our trading offerings.”
Bybit has clarified speculation about the official listing price of Hamster tokens and the effect Bybit’s pre-market trading may have on it.
“While pre-market trading may reflect market expectations, the official listing price itself may be influenced by a variety of other factors,” Bybit said
“It is worth noting that both the pre-market price and the official listing price are ultimately determined by the market and there is not necessarily a direct correlation between the two,” Bybit added
Data from pre-market trading platform Bybit estimates the pre-market trading price of Hamster Token in a range of $0.001 to $0.1 at the time of writing.
Bybit explained that this pre-market price and the official listing price of Hamster Token are all determined by market forces and do not affect the outcome of each other.
What to know
- Hamster Kombat is a Telegram-based tap-to-earn cryptocurrency game where players take on the role of a CEO who runs a virtual cryptocurrency exchange. The project has been touted as the next Notcoin due to its massive adoption and success.
- According to its creator, the Hamster app has over 150 million users and is closely following in the footsteps of Notcoin, which is also listed on Bybit’s pre-market trading.
- Nairametrics first reported on the basics of Hamster Kombat token mining and how to make money from this activity.