Binance is set to launch the Hamster Kombat (HMSTR) project on Launchpool, offering rewards to users who stake their BNB and FDUSD tokens. This move is part of the exchange’s strategy to expand its ecosystem and attract a broader user base.
Project Information
Starting September 23rd, users can stake BNB and FDUSD tokens to earn HMSTR token airdrops over three days. Participants will receive approximately 3 billion HMSTR tokens, representing 3% of the total supply, as rewards. The staking will be split into BNB and FDUSD pools for easy participation.
Token Distribution and Farming Details
The BNB pool will offer 2.55 billion HMSTR tokens, accounting for 85% of the rewards. Meanwhile, the FDUSD pool will distribute 450 million tokens, or 15% of the rewards. The daily amount of tokens that can be farmed is capped, with a limit of 3.54 million HMSTR in the BNB pool and 625,000 HMSTR in the FDUSD pool. The farming period will run from September 23 to 25.
Trading Start and KYC Requirements
Trading for HMSTR tokens will commence on September 26. To participate, users must complete the KYC verification process. This requirement is aimed at ensuring security and regulatory compliance.
The launch of Hamster Kombat on Launchpool marks another step for Binance in expanding its ecosystem and attracting new users through staking and participation in new projects.
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