OKX, a leading cryptocurrency exchange, has announced the upcoming listing of Hamster Kombat (HMSTR) on its spot trading market, scheduled for September 26. The precise timeline for the listing will be announced separately.
Project Overview: Hamster Kombat
Hamster Kombat is an innovative tap-to-earn game that combines elements of a crypto exchange simulator. In this game, players take on the role of the CEO of a growing cryptocurrency exchange within a fictional world of hamsters. The objective is to expand the exchange to unprecedented heights by tapping a golden coin to earn in-game currency, which can then be used to purchase upgrades for the exchange.
- Asset Name: Hamster Kombat
- Ticker: HMSTR
Pre-Market Futures Delivery
In addition to the spot trading launch, OKX will introduce USDT-margined pre-market futures for HMSTR, with delivery scheduled for September 25, 2024. Detailed information about the futures delivery process will be provided later.
Key Details:
- Delivery Price: The delivery price will be based on the average index price over the last hour before delivery, calculated every 200 milliseconds. The price may also consider input from other exchanges.
- Position Limits: To minimize delivery risk, users will not be able to increase their positions in the hour before the futures delivery. They can only place closing or reverse orders to reduce their positions.
- Risk Reminder: Market behavior determines pre-market futures prices, which may not reflect fair market value. Given potential market volatility before delivery, users are advised to stay informed, manage risks, and trade with caution.
- Settlement Fees: The settlement fee is set at 1%, subject to future adjustments.
- Price Limits: After the pre-market contract generation, price limits will be applied based on the average mid-price of the past hour, with specific thresholds for buy and sell orders.
OKX also emphasized the importance of risk management, urging users to adjust leverage or close positions in advance of potential market fluctuations. Users holding significant positions in HMSTRUSDT futures contracts will face temporary restrictions on asset transfers immediately following delivery, with normal operations resuming after 30 minutes.
Conclusion
OKX’s listing of Hamster Kombat (HMSTR) and the introduction of pre-market futures mark a significant addition to its trading offerings. The exchange advises users to approach trading with caution, especially given the potential for sharp market movements before the futures delivery. Further updates and detailed schedules will be provided in the coming days.
