Cryptocurrency exchange Bybit has officially announced the listing of the Hamster Kombat (HMSTR) token on its over-the-counter (OTC) platform, Bybit Pre-Market Trading.
The announcement, made on July 8, marks the launch of pre-market trading for HMSTR, allowing users to trade tokens before their official listing.
Pre-market trading in cryptocurrency involves the buying and selling of tokens ahead of their official launch, as well as trading points that can be converted into tokens in the future.
Bybit’s pre-market OTC platform facilitates this process by enabling buyers and sellers to establish quotes and execute trades at predetermined prices.
Bybit’s pre-market OTC platform launched trading for HMSTR on July 8 at 10:00 am UTC. The exchange stated that details of the delivery schedule for the tokens will be released shortly.
The inclusion of HMSTR tokens on Bybit’s pre-market platform is seen as a significant development, offering users the chance to acquire HMSTR tokens before they become available for spot trading.
“This exclusive access allows users to secure HMSTR tokens ahead of the market and to lock in their purchase or sale prices early, marking an innovative advancement in our trading offerings,” Bybit commented on the announcement.
Despite the launch of pre-market trading, the exact date for the start of spot trading for Hamster Kombat’s token remains unknown. Bybit cautioned that while pre-market trading may reflect market expectations, the official listing price could be influenced by various factors. The platform emphasized that both the pre-market price and the official listing price are ultimately determined by the market, with no direct correlation necessarily existing between the two.
Hamster Kombat is a tap-to-earn, or clicker, game available on Telegram, where players assume the role of a CEO running a virtual cryptocurrency exchange. Since its launch in March 2024, the game has achieved remarkable engagement, with its creators claiming it is the third-fastest app in history to reach 150 million users.