HMSTR Futures Coin (HMSTRBG) news

What Is HMSTR Futures Coin (HMSTRBG)?

HMSTR Futures Coin (HMSTRBG) is a financial instrument designed for the pre-market trading of the forthcoming HMSTR token associated with the popular Hamster Kombat crypto game. Launched by Bitget, a leading cryptocurrency exchange, HMSTRBG enables investors to engage in trading before the official release of the HMSTR token. This futures coin represents a unique opportunity for traders to speculate on the future value of the HMSTR token, providing a structured and secure environment for pre-market activities.

As the Hamster Kombat project team has yet to finalize the tokenomics of the HMSTR token, the exact supply remains unknown. To bridge this gap, Bitget has introduced HMSTRBG with a predefined total supply of 10 billion tokens. This approach allows investors to participate in the market early, facilitating price discovery and liquidity even before the official token generation event (TGE) of HMSTR.

Key Features and Trading Mechanics

HMSTR Futures Coin pre-market trading began on June 21, 2024, at 8:00 (UTC) and will continue until a yet-to-be-determined date. Unlike traditional spot trading, HMSTRBG will not be available for direct listing on exchanges. Instead, it serves as a placeholder, allowing trades to be settled once the HMSTR token is officially launched. Bitget will convert the futures coins to HMSTR tokens based on the actual tokenomics once they are released.

The process involves scaling the quantity and price of the HMSTRBG based on the total supply of the HMSTR token. For instance, if the total supply of HMSTR is higher than anticipated, the price per token will decrease, and the quantity will increase proportionally. Conversely, if the supply is lower, the price will rise, and the quantity will decrease. This mechanism ensures that pre-market trades are fairly adjusted according to the real-world parameters of the HMSTR token.

Benefits for Investors

Pre-market trading on Bitget provides several advantages for investors. It offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance, securing optimal prices and ensuring liquidity. This setup allows participants to engage in trades without owning the new coins upfront, as long as they acquire sufficient tokens before the designated delivery time.

The delivery process is well-structured to protect both buyers and sellers. Funds required for the transaction are pre-frozen to guarantee the trade, with the system executing deliveries in sequence based on the transaction time. This ensures a smooth transfer of tokens to the buyer’s spot account and the corresponding funds to the seller’s account.

How to Buy HMSTR Futures Coin (HMSTRBG)

Consider investing in HMSTR Futures Coin (HMSTRBG)? It only takes 2 minutes to create an account on Bitget and start trading HMSTRBG.