Connect with us

Altcoin

Binance Announces Hamster Kombat As 58th Launchpool Project

Published

4 months ago

on


On Thursday, September 12, 2024, Binance announced the introduction of Hamster Kombat (HMSTR) as the latest addition to its Launchpool platform. Moreover, the exchange will subsequently list the HMSTR token on its platform. This marks a significant victory for the recent launched gaming token.

Binance To List Hamster Kombat

Starting from September 19, 2024, Binance users will be able to lock their Binance Coin (BNB) and First Digital USD (FDUSD) to farm HMSTR tokens. The farming period will last for seven days, ending on September 25, 2024. During this time, users will accumulate Hamster Kombat airdrop, which will be distributed through the exchange’s farming system.

For further context, Hamster Kombat (HMSTR) has a total token supply of 100 billion HMSTR. Out of this, 3% of the supply (3 billion HMSTR) allocated as rewards through the Launchpool initiative. Of this amount, 85% (2.55 billion tokens) will be distributed to users who lock BNB. Whilst, the remaining 15% (450 million tokens) will be awarded to FDUSD holders.

Trading of HMSTR will begin on Binance on September 26, 2024, at 12:00 UTC. It will be available in several trading pairs, including HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. Moreover, the token will carry a “seed” tag to indicate that it is newly listed.

The farming process on the crypto exchange will allow users to lock their BNB and FDUSD in designated pools. Whilst, daily rewards will accumulate based on their contribution. For example, during the farming period, a total of 364.3 million HMSTR will be allocated daily to the BNB pool, while the FDUSD pool will distribute 64.3 million Hamster Kombat tokens each day.

Eligibility Criteria & Details On Super Earn

In addition to the Launchpool farming, Binance is also introducing HMSTR to its *Super Earn* program, which allows users to lock tokens for a specific duration to earn a special annual percentage rate (APR). While the exact APR for HMSTR will be announced later, the program will offer a 7-day locked period for users to earn the special APR rewards.

The Super Earn rewards will be available on a limited-time basis, and users will be able to subscribe to up to 30,000 HMSTR tokens each, with 100 million HMSTR tokens reserved for the program. The exact details of the APR and daily percentage rate (DPR) will be released closer to the Super Earn launch date.

While the HMSTR project offers exciting opportunities for users, it is important to note that certain regions are restricted from participating in the Launchpool and Super Earn programs due to regulatory issues. Countries like the United States, Canada, Japan, and several others are excluded from participation.

Binance also emphasized the need for users to complete KYC verification to participate in these offers. Furthermore, participants should be aware of potential fraudulent offers for HMSTR tokens before the official listing date on September 26, 2024.

✓ Share:

Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Tron Founder Justin Sun Reveals Plan To Push Ethereum To $10K

Published

26 minutes ago

on

January 22, 2025

By


Tron founder Justin Sun has laid out an ambitious plan to drive Ethereum (ETH) price towards a $10,000 price point. Sun’s proposal includes halting ETH sales, taxing Layer 2 solutions, and focusing on Layer 1 development. These bold steps are designed to strengthen the token position in the crypto market and ensure long-term growth.

Sun’s strategy aims to not only optimize ETH supply but also create a deflationary system to build market confidence and attract further investments. His plan comes as the token market dynamics continue to evolve.

Justin Sun’s Bold Plan to Boost ETH Price

On January 22, Justin Sun shared his plan on X to push Ethereum price to $10,000. The Tron founder proposes ceasing Ethereum Foundation (EF) sales of ETH for the next three years. By halting the sale, Sun believes supply will remain stable, supporting a deflationary market model.

Additionally, Sun plans to leverage AAVE lending, staking yields, and stablecoin borrowing to cover operational costs, ensuring long-term sustainability. His vision includes restructuring the ecosystem and creating a more efficient system to fuel ETH’s price growth.

Justin Sun’s Vision for Ethereum and Layer 2 Solutions

Justin Sun has been vocal about his plan and making waves within the crypto community. He also expressed admiration for newly elected US President Donald Trump, highlighting the potential for crypto-friendly policies. Sun’s proposed tax on Layer 2 solutions is a key strategy, aiming to generate at least $5 billion annually.

All collected taxes will be used to repurchase and burn ETH, helping to drive the token’s deflationary nature. Tron founder plans to focus on bolstering Ethereum’s core development, ensuring its long-term scalability, and reinforcing its value proposition.

ETH Price Context and Market Update

Ethereum price has remained steady, trading within a range of $3,265 to $3,366 in the past 24 hours. Its 24-hour trading volume was $26 billion, reflecting a slump of 36%. Notably, Ether Futures Open Interest stayed near the flatline today.

However, despite the fluctuation, ETH remains a focal point for large investors. Recent Coingape reports indicate that whales have accumulated over $1 billion in ETH over the past few days.

Adding to the market dynamics, Tron founder Justin Sun has deposited a total of 227,000 ETH to the crypto exchange HTX over the past few months. This move by Sun, in conjunction with his ambitious plans for Ethereum, could further influence ETH’s price trajectory.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Why FET, RENDER, TAO, & Other AI Coins Are Rising Today?

Published

1 hour ago

on

January 22, 2025

By


Against the backdrop of a broader crypto market recovery on Wednesday, AI Coins like FET, RENDER, and TAO have stolen the spotlight by witnessing a considerable pump. Notably, these tokens are surging amid broader AI-related developments such as Donald Trump’s ‘Stargate’ formation and tech giants injecting massive investments in the industry.

As a result, the abovementioned AI coins witnessed remarkable intraday price gains worth 6%-12%. Here’s a collective overview of the potential factors driving a frenzy across the AI crypto industry.

AI Coins FET, RENDER, & Others Bullish As Donald Trump Announces ‘Stargate’ Formation

Notably, the 47th president of the U.S., Donald Trump, has unveiled plans to offer massive support to the broader artificial intelligence sector soon after his inauguration. Addressing the nation’s masses, Trump recently announced the formation of ‘Stargate,’ the largest AI infrastructure project in American history.

Intriguingly, this AI project is set to invest a staggering $500 billion into the U.S. economy and curate over 100,000 American jobs. Trump revealed that OpenAI, Softbank, and Oracle came together to announce the formation of this monumental feat. Overall, with the developmental saga weighing in, top AI Coins like FET and others also appear to be bullish as the broader sector’s outlook glimmers with hope for further growth.

AI Coins soar amid Donald Trump's investmentAI Coins soar amid Donald Trump's investment

Google Chimes In With Massive Investment In AI

Meanwhile, the tech behemoth Google has also revealed plans to invest heavily in the sector. According to a recent FT report, the tech giant is investing more than $1 billion in Anthropic, a prominent OpenAI rival.

Meanwhile, people familiar with the matter have also revealed that Google is set to invest about $2 billion in Anthropic. Further, Lightspeed Venture Partners emerged as another key backer for the OpenAI rival as it is expected to inject $2 billion into the entity. Overall, these massive investments in the AI sector have further glimmered hope for tokens FET, RENDER, and TAO, among many others.

AI Coins Rise In Sync With Broader Market Recovery

At the time of reporting, FET price witnessed gains worth 11% intraday and is currently trading at $1.30. The coin’s 24-hour low and high were $1.16 and $1.34, respectively. Further, RENDER price witnessed a 7% uptick in value and is currently resting at $7.09. The coin’s 24-hour low and high were $6.60 and $7.36, respectively.

Even TAO price pumped 6% intraday to reach $418.21. The coin’s 24-hour low and high were $391.79 and $433.29, respectively. As mentioned above, the AI tokens appear to be leveraging a positive market sentiment across the AI sector, primarily attributable to the massive investments. Further, it’s also worth mentioning that the broader crypto market recovered today, aligning with the upswing in the price of AI coins.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

VTHO Price Rockets 300% As Binance Reveals Support For VeThor Token

Published

2 hours ago

on

January 22, 2025

By


VTHO price has skyrocketed 300% after Binance announced its support for VeThor Token. Simultaneously, the token’s trading volume also surged by an astonishing 86,000%, reaching $3 billion. This massive rally reflects the strong influence of the top crypto exchanges in the market and how the listing or any other positive developments impact the sentiments.

Notably, VTHO token is used as gas within the VeChainThor ecosystem, further driving the market’s enthusiasm.

VTHO Price Surge After Binance Announces Listing of Perpetual Contract

On January 22, Binance listing announcement showed that the exchange plans to list VTHOUSDT perpetual contract on its futures platform, offering a maximum leverage of 75x. This new trading option has caught the attention of traders, contributing to a massive spike in VTHO’s trading volume.

Meanwhile, VTHO is the secondary token in the VeChainThor ecosystem, primarily used as the gas for transactions within the network. This listing expands Binance’s support for the VeChainThor blockchain, enabling users to trade VTHO with increased leverage. The contract’s capped funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours, giving traders more flexibility.

Notably, the 75x leverage allows traders to maximize their exposure to VTHO price movements, further intensifying the market’s focus on the VeThor Token. The move by the top crypto exchange to offer such high leverage and favorable funding rates is a clear indication of its confidence in VTHO’s potential.

Binance’s Multi-Assets Mode and Trading Rules

Binance’s Multi-Assets Mode allows users to trade the VeThor token perpetual contract across multiple margin assets. This feature enables traders to use other cryptocurrencies, such as BTC, as collateral when trading VTHO contracts.

Multi-Assets Mode supports greater flexibility, giving users the ability to diversify their margin options for more efficient trading strategies. Recently, Binance expanded support for TRUMP and several other tokens, fueling optimism about future price movements.

The rules for Multi-Assets Mode include applicable haircuts on collateral, ensuring the safety of user assets. It is particularly useful for those who hold large amounts of various cryptocurrencies and wish to leverage them for high-leverage trading opportunities.

VeChain and VTHO Price Surge

VeChain (VET), the blockchain powering VTHO, has experienced notable growth, rising by 11% in the past 24 hours. VET price now trades at $0.05, and its market cap has reached $4.06 billion. This rise is attributed to VeChain’s increasing adoption and its partnerships with major corporations, including Walmart China and BMW.

VTHO price today jumped 320% and exchanged hands at $0.0087, indicating a growing interest in the VeChainThor ecosystem. With a market cap of $744 million, VTHO has seen an 86,000% increase in trading volume, reaching $3.11 billion. As the blockchain industry continues to innovate, VeChain’s supply chain solutions and VTHO’s integral role are poised for continued success.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io