OKX Lists Hamster Kombat (HMSTR) Token for Pre-Market Futures Trading

Major exchange OKX has launched a new pre-market futures product, with the popular game Hamster Kombat's HMSTR token as its inaugural listing.

OKX has launched a pre-market futures product, kicking off with Hamster Kombat's HMSTR token. This product allows users to trade expiring futures on cryptocurrencies that are yet to be officially listed.

OKX’s pre-market futures product provides traders with early access to emerging tokens, enabling them to capitalize on potential price movements ahead of the official launch. These futures are USDT-margined and expire before the new cryptocurrency becomes available on the spot market, facilitating the price discovery process for early-stage tokens.

OKX’s Global Chief Commercial Officer, Lennix Lai, highlighted the exchange's unique approach, stating, "Our robust risk engine and extensive experience back our method of assisting in the price discovery process for early-stage tokens. By opening up new avenues to participate in crypto, we aim to make trading more accessible, efficient, and appealing.”

The debut of Hamster Kombat's HMSTR token on this product is particularly notable. Hamster Kombat, a Telegram mini-app game, has taken the crypto gaming world by storm with its "tap and earn" virtual coin game.

Launched by anonymous founders, the game's popularity has seen it attract 142 million users in just 77 days, setting new records and driving increased interest in blockchain technology. However, the meteoric rise of Hamster Kombat has also brought it under the scanner of global regulators.

Russian authorities have raised concerns that it might be a "pyramid scheme" built on passive income deception, while in Iran, the army chief has labeled the game a "soft war" against the country. These regulatory concerns add an element of risk and intrigue to the HMSTR token's pre-market debut.

It's important to note that OKX has clarified that the addition of HMSTR to the pre-market futures does not guarantee the token's listing for spot trading. This caveat underscores the speculative nature of pre-market trading and the need for traders to exercise caution when engaging in this type of trading activity.

The listing of Hamster Kombat on OKX for pre-market futures trading is not an isolated event. Three weeks prior, Bybit, another major crypto exchange, also listed Hamster Kombat tokens for pre-market trading. This trend of major exchanges offering pre-market opportunities for highly anticipated tokens suggests a growing demand from traders for early access to potential high-growth cryptocurrencies.

OKX has provided a detailed explanation of how the delivery price of listed tokens for pre-market futures trading will be calculated. For tokens that will be listed on the OKX spot market, the actual delivery price will be the average index price over the last hour before delivery, calculated every 200 milliseconds. An estimated delivery price, based on a rolling average, will also be provided.

It's crucial to note that OKX has clarified that the prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price of the new cryptocurrency. While pre-market futures may reflect market expectations for the new crypto's listing price, this listing price is ultimately subject to other factors and does not have a direct correlation with pre-market futures prices.

This development comes at a time when Play-to-Earn (P2E) and Web3 projects like Hamster Kombat are gaining significant traction globally. In countries like Nigeria, Hamster Kombat has joined the ranks of popular P2E games like Tapswap and Pixel verse, playing a role in onboarding the local crypto community to Web3 technologies.

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