How to Buy and Sell Hamster Kombat(HMSTR) Ton Coins unlock

How to Buy and Sell Hamster Kombat (HMSTR) Tokens: A Comprehensive Guide

If you’re looking to buy and sell Hamster Kombat (HMSTR) tokens, this step-by-step guide will walk you through the process. We’ll cover everything from pre-market trading on KuCoin, trading on centralized and decentralized exchanges, using TON wallets, and finally, how to cash out your Hamster crypto after the $HMSTR token launch.

What is Hamster Kombat (HMSTR)?

Hamster Kombat (HMSTR) is the native cryptocurrency of the viral Telegram game, Hamster Kombat, which has captivated over 300 million users globally in 2024. The game’s rapid rise has paved the way for what developers claim will be the “largest airdrop in crypto history.” Initially scheduled for July 2024, the token generation event (TGE) for HMSTR, along with the corresponding Hamster token airdrop, has been delayed to Q3 2024. This postponement is due to the technical challenges associated with distributing tokens to such a massive user base while ensuring bot exclusion.

Despite the delay, the excitement around the airdrop remains high among Hamster Kombat enthusiasts. HMSTR tokens are set to play a crucial role in the game’s ecosystem on The Open Network (TON), enabling players to engage in various in-game activities. The tokenomics of HMSTR are also significant: 60% of the total supply is earmarked for the airdrop to players, while the remaining 40% is allocated for market liquidity, ecosystem partnerships, and other initiatives to ensure long-term growth. This strategic distribution is designed to foster organic demand and sustain the token’s value over time.

Phases of HMSTR Token Trading

HMSTR tokens will be available for trading in different phases. Initially, you can engage in HMSTR pre-market trading on KuCoin, where you can place buy and sell orders before the official launch on centralized exchanges (CEXs). Once the token is listed post-TGE, it will be available for spot trading on various CEXs and TON-based decentralized exchanges (DEXs). Additionally, TON wallets can be used to manage and trade your HMSTR tokens directly.

Let’s dive into the different ways you can buy and sell Hamster tokens, and how to withdraw your in-game earnings after the HMSTR airdrop:

1. How to Trade Hamster Tokens on KuCoin Pre-Market

As of August 2024, the Hamster Kombat (HMSTR) token has not yet launched on the spot market. However, you can participate in pre-market trading on KuCoin to buy and sell HMSTR tokens ahead of their official release.

Pre-market trading on KuCoin allows early investors to potentially secure tokens at lower prices and benefit from early market movements. This trading occurs in an over-the-counter (OTC) environment, where buyers and sellers agree on a price before the token is officially listed.

While this phase is ideal for those looking to get ahead of the curve, it’s essential to weigh the risks and benefits before participating.

Steps to Start Pre-Market Trading on KuCoin

Log in to KuCoin: Begin by logging into your KuCoin account and navigating to the Pre-Market section, which can be found under the trading tab.
KYC Verification: Ensure that your account is KYC-verified, as this is mandatory for participating in pre-market trading. You’ll also need to have sufficient funds in your KuCoin account to cover the purchase and any collateral required for trading.

Buying HMSTR Tokens

Create or Accept an Order: As a buyer, you can either create a buy order by specifying the amount of HMSTR you wish to purchase and the price you’re willing to pay or search for an existing sell order that matches your criteria.
Secure Collateral: When placing or accepting an order, you’ll need to provide collateral. This ensures that both parties fulfill their obligations once the token is officially listed.
Wait for Delivery: After a seller matches your order, you’ll need to wait until the HMSTR token is officially listed on KuCoin. Upon listing, the seller must deliver the tokens within the agreed timeframe, after which they will be transferred to your KuCoin account.

Selling HMSTR Tokens

Create or Accept a Sell Order: As a seller, you can create a sell order by specifying the price and quantity of HMSTR tokens you want to sell or accept an existing buy order.
Secure Collateral: Similar to buyers, sellers must provide collateral when placing or accepting a sell order. This collateral is held to ensure the delivery of the tokens.
Deliver Tokens: Once a buyer matches your sell order, you must deliver the HMSTR tokens within the specified timeframe after the token is listed on. Failure to deliver the tokens could result in the forfeiture of your collateral.

Risk Considerations and Benefits of Pre-Market Trading

Adhering to the agreed delivery timeline is crucial. Missing the delivery window can result in the loss of your collateral. Pre-market trading involves risks, such as potential discrepancies between pre-market prices and the official listing price. Make sure you understand these risks before engaging in pre-market trading on KuCoin.

2. Trading $HMSTR on Centralized Exchanges (CEXs)

When Hamster Kombat (HMSTR) launches on various centralized exchanges (CEXs), expect significant trading activity, especially given the attention the token has garnered during its pre-market phase. The token is anticipated to debut on leading exchanges globally, where it will be available for spot trading against popular pairs like USDT (Tether). This launch will provide greater liquidity, making it easier to buy and sell the tokens. However, be prepared for potential price volatility as early investors and traders rush to secure their positions.

How to Buy HMSTR on a Centralized Exchange (CEX)

To purchase HMSTR tokens on a CEX such as KuCoin, follow these steps:

1. Create and Verify Your Account

2. Deposit Funds

Deposit USDT or another supported currency into your exchange account.

3. Navigate to the Trading Section

Go to the spot trading section of the exchange and search for the HMSTR/USDT trading pair.

4. Place an Order

Choose between a market order, which buys HMSTR at the current price, or a limit order, where you can specify the price at which you want to buy.

5. Confirm and Execute the Trade

Review your order details and confirm the purchase. Once the trade is executed, the HMSTR tokens will appear in your exchange wallet.

How to Sell HMSTR Tokens on a CEX

To sell HMSTR tokens, follow these steps:

1. Access Your Trading Account

2. Navigate to the Sell Section

Go to the trading section and select the HMSTR/USDT trading pair.

3. Place a Sell Order

Decide whether to use a market or limit order depending on your target price.

4. Confirm the Sale

Execute the trade to convert your HMSTR into USDT or another currency supported by the exchange.

5. Withdraw Funds

Transfer the proceeds from your exchange wallet to your bank account or another external wallet, keeping in mind that trading and withdrawal fees may apply.

Trading HMSTR on TON-Based Decentralized Exchanges (DEXs)

When HMSTR tokens are available on the TON blockchain, they can be traded on TON-based DEXs. These platforms allow for direct peer-to-peer trading without intermediaries, ensuring you maintain control over your assets.

How to Trade HMSTR on a TON-Based DEX

To trade HMSTR on a TON-based DEX, follow these steps:

1. Set Up a TON Wallet

Create a compatible TON wallet that supports HMSTR. This wallet will store your tokens and facilitate DEX trading.

2. Connect to a DEX

Choose a TON-based DEX like STON.fi, and connect your wallet. Ensure your wallet is compatible with the DEX.

3. Buy and Sell HMSTR

With your wallet connected, swap your base currency (e.g., TON) for HMSTR tokens. Set your slippage tolerance and execute the trade.

4. Confirm and Complete the Trade

Review the transaction details and confirm the trade. Once finalized, your HMSTR tokens will be transferred to your wallet.

Considerations

While DEXs offer enhanced privacy and control, they may have lower liquidity than CEXs, leading to higher slippage during volatile markets. Always double-check transaction fees and slippage settings to minimize costs.

Using TON Wallets for Managing HMSTR Tokens

TON wallets are vital for managing and transacting with tokens like HMSTR on The Open Network (TON). These wallets provide a secure interface for handling your digital assets, offering features like low fees, fast transactions, and dApp support.

How to Buy/Sell HMSTR Using a TON Wallet

Step 1: Setting up and Securing a TON Wallet

Choose a Wallet: Select a reliable TON wallet, such as Tonkeeper or MyTonWallet, and install it on your device.
Create and Secure Your Wallet: Generate a seed phrase and store it securely. Set a strong password to protect your wallet.

Step 2: Linking the Wallet to a DEX

Connect to a DEX: Link your TON wallet to a DEX like STON.fi. Follow the instructions to authorize the connection.

Step 3: Managing HMSTR Tokens

Buying HMSTR: Purchase HMSTR tokens by swapping them with another cryptocurrency within the DEX interface.
Selling HMSTR: Swap HMSTR for another cryptocurrency by reversing the buying process. Check market rates and slippage before confirming.

Regularly update your wallet app and consider additional security measures like two-factor authentication. Keep some Toncoin in your wallet to cover transaction fees.

Cashing Out or Withdrawing HMSTR Tokens

After the Token Generation Event (TGE), Hamster Kombat players can convert in-game earnings into HMSTR tokens. Link your TON wallet to the Hamster Kombat game to receive these tokens securely.

Cashing Out HMSTR Tokens from a CEX

To withdraw HMSTR tokens from a CEX like KuCoin:

1. Log in to Your KuCoin Account

Navigate to the “Assets” section and select “Withdraw.”

2. Choose HMSTR Token

Select HMSTR from the dropdown menu. Ensure the receiving wallet supports HMSTR to avoid loss.

3. Enter Withdrawal Details

Input the wallet address for the withdrawal. Double-check the details before submitting the transaction.

4. Complete Security Verification

Enter your trading password and complete the two-factor authentication.

5. Confirm the Withdrawal

Review and confirm the withdrawal details. Processing times can vary based on network conditions.

Cashing Out HMSTR from a DEX

When cashing out from a DEX:

1. Swap HMSTR for TON

Connect your TON wallet to a DEX and initiate a swap for TON.

2. Transfer TON to a CEX

Transfer TON to a CEX like KuCoin using the deposit address provided.

3. Sell TON for Fiat or Cryptocurrencies

On the CEX, sell TON for fiat or a stablecoin.

4. Withdraw to Your Bank Account

Withdraw your funds to your bank account, considering any applicable fees.

Security Tips

Double-Check Wallet Addresses: Ensure the accuracy of wallet addresses to avoid irreversible losses.
Use Two-Factor Authentication: Enable 2FA for added security.
Monitor Transaction Fees: Be aware of varying fees on the TON network before confirming withdrawals.
Secure Your Wallet: For long-term storage, consider a hardware wallet for enhanced security.

Conclusion

This guide outlines the key steps to buy, sell, and cash out Hamster Kombat (HMSTR) tokens across various platforms. Whether using a centralized exchange, a decentralized exchange, or a TON wallet, understanding the risks and benefits of each method is crucial. By following these steps, you can effectively manage your HMSTR tokens and participate in the TON ecosystem.