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

Here’s a step-by-step guide on buying and selling Hamster Kombat (HMSTR) tokens, covering pre-market trading on KuCoin, trading on centralized and decentralized exchanges, using TON wallets, and how to cash out your Hamster crypto after the $HMSTR token launch scheduled for September 26, 2024.

Hamster Kombat (HMSTR) is the native cryptocurrency of one of the most viral Telegram games of 2024, Hamster Kombat, which boasts over 300 million users worldwide. The game's explosive growth has set the stage for what the developers claim will be the "largest airdrop in crypto history." Originally planned for July 2024, the token generation event (TGE) for HMSTR and the corresponding Hamster token airdrop have now been confirmed for September 26, 2024, as per an official announcement from the developers. The delay is due to the technical complexities involved in distributing tokens to such a massive user base while ensuring bots are excluded.

Despite the delay, anticipation for the airdrop remains high among the Hamater Kombat CEOs. HMSTR tokens will play a pivotal role in the game's ecosystem on The Open Network (TON), where players can use them for various in-game activities. The tokenomics of HMSTR are also noteworthy: 60% of the total token supply is allocated for the airdrop to players, while the remaining 40% will be used for market liquidity, ecosystem partnerships, and other initiatives aimed at sustaining long-term growth. This strategic allocation aims to drive organic demand and maintain the token's value over time.

HMSTR tokens will be available through different trading phases. Initially, you can participate in HMSTR pre-market trading on KuCoin, allowing you to create buy and sell orders and wait for the delivery until they officially launch on centralized exchanges (CEXs). Once the token is listed following the TGE, it will be available for spot trading on various CEXs and TON-based decentralized exchanges (DEXs). Additionally, you can use TON wallets to manage and trade your HMSTR tokens directly.

Read on to know the different ways you can buy and sell Hamster tokens, and how to withdraw your in-game earnings after the HMSTR airdrop:

As of August 2024, the Hamster Kombat (HMSTR) token has not yet officially 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.

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

This pre-market phase is ideal for those who want to be ahead of the curve, but it's essential to weigh the risks and benefits before participating.

To begin, log in to your KuCoin account and navigate to the Pre-Market section. This feature is available on the KuCoin platform under the trading tab.Ensure that your account is KYC-verified, which is mandatory for participating in pre-market trading. Additionally, you need to have sufficient funds in your KuCoin account to cover the purchase and collateral required for pre-market 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 you can 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 collateral 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. Once listed, the seller must deliver the tokens within the agreed timeframe, and they will then 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 you can accept an existing buy order.
Secure Collateral: Similar to buying, sellers must also provide collateral when placing or accepting a sell order. This collateral is held to ensure 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 KuCoin. If you fail to deliver the tokens, you risk losing 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 forfeiture 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.

When Hamster Kombat (HMSTR) launches on various centralized exchanges (CEXs), you'll likely see significant trading activity, especially as the token has gained much attention during its ongoing pre-market phase. The token is expected to debut on leading exchanges worldwide, where it will be available for spot trading against popular pairs such as USDT (Tether). The launch will provide greater liquidity, enabling smoother buying and selling processes. Be prepared for potential price volatility as early investors and traders rush to secure their positions.

How to Buy HMSTR on a CEX

To buy HMSTR tokens on a CEX like KuCoin, follow these steps:

Create and Verify Your Account: Sign up on the CEX and complete the KYC process, which is mandatory for trading.
Deposit Funds: Deposit USDT or another supported base currency into your exchange account.
Navigate to the Trading Section: Go to the spot trading section of the exchange and search for the HMSTR/USDT trading pair.
Place an Order: Choose between a market or limit order. A market order buys HMSTR at the current price, while a limit order allows you to set a specific price.
Confirm and Execute the Trade: Review your order details and confirm the purchase. Your HMSTR tokens will appear in your exchange wallet after the trade is executed.

Selling HMSTR Token on a CEX

To sell HMSTR tokens:

Access Your Trading Account: Log in to your CEX account where your HMSTR tokens are held.
Navigate to the Sell Section: Go to the trading section and select the HMSTR/USDT pair.
Place a Sell Order: Choose a market or limit order depending on your price target.
Confirm the Sale: Execute the trade to convert your HMSTR into USDT or another supported currency.
Withdraw Funds: Transfer the proceeds from your exchange wallet to your bank account or another external wallet. Be mindful of trading fees and withdrawal fees, which can vary between exchanges.

When the Hamster Kombat (HMSTR) token launches on the TON blockchain, it could become available to trade on DEXs within the TON ecosystem. TON-based decentralized exchanges (DEXs) play a crucial role in the HMSTR trading ecosystem. These platforms allow you to trade directly with other users without intermediaries, offering greater privacy and control over your assets. Trading on a DEX ensures that you maintain custody of your tokens throughout the process, which aligns with the decentralized nature of the TON blockchain.

How to Trade HMSTR on a TON DEX

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

Set Up a TON Wallet: Start by setting up a compatible TON wallet that supports HMSTR. This wallet will store your tokens and facilitate trading on the DEX.
Connect to a DEX: Choose a DEX like STON.fi and connect your wallet to the platform. Ensure that your wallet is compatible with the DEX and the TON blockchain.
Buy and Sell HMSTR: With your wallet connected, you can now swap your base currency (e.g., TON) for HMSTR tokens. Select the appropriate trading pair and set your slippage tolerance before executing the trade.
Confirm and Complete the Trade: Review the transaction details and confirm the trade. Your HMSTR tokens will be transferred to your wallet after the trade is finalized.

Considerations

Trading on a DEX comes with both benefits and risks. While you have full control over your assets and enjoy enhanced privacy, DEXs may offer lower liquidity compared to CEXs. This can lead to higher slippage, especially during times of market volatility. Always double-check transaction fees and adjust your slippage tolerance to minimize unexpected costs.

By understanding the trading options on both CEXs and DEXs, you can make informed decisions on how to buy, sell, and manage your HMSTR tokens.

TON Wallets are essential tools within The Open Network (TON) ecosystem, designed to securely store, manage, and transact with Toncoin and other tokens like HMSTR. These wallets serve as a gateway to the TON blockchain, providing users with a secure and user-friendly interface to handle their digital assets. TON wallets come in various forms, including non-custodial wallets like Tonkeeper, which offer full control over private keys, ensuring that only you have access to your funds. With features like low transaction fees, high-speed transactions, and support for decentralized applications (dApps), TON wallets are central to participating in the TON ecosystem.

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, which is widely supported and secure. You can also use other options like MyTonWallet or even a hardware wallet for enhanced security.
Download and Install: Download the wallet application from the official website or app store. Ensure you choose the version compatible with your device (e.g., Android, iOS, or browser extension).
Create and Secure Your Wallet: Set up a new wallet by generating a seed phrase. This seed phrase is crucial for recovering your wallet if needed, so store it securely and never share it with anyone. Set a strong password to protect your wallet.

Step 2: Linking the Wallet to a DEX for Trading

Connect to a DEX: After setting up your wallet, you need to connect it to a TON-based decentralized exchange (DEX) like STON.fi. Open the DEX app and choose the option to connect your wallet. Follow the on-screen instructions to complete the connection.
Authorize the Connection: Ensure that you authorize the DEX to interact with your wallet. This usually involves confirming the connection within your wallet app.

Step 3: Managing HMSTR Tokens within the Wallet

Buying HMSTR Tokens: Once connected, you can purchase HMSTR tokens by swapping them with another cryptocurrency (e.g., Toncoin) directly within the DEX interface. Set the desired amount and confirm the transaction. Your HMSTR tokens will appear in your wallet after the trade is completed.
Selling HMSTR Tokens: To sell HMSTR, follow the same process in reverse. Select the HMSTR token in your wallet, connect to the DEX, and swap it for another cryptocurrency. Always check the current market rates and slippage tolerance before confirming the transaction.

Make sure to regularly update your wallet app, and consider using additional security features like two-factor authentication if available. Keep a small amount of Toncoin in your wallet to cover transaction fees, which are typically low on the TON network.

Using TON wallets provides a secure and efficient way to manage and trade HMSTR tokens, giving you full control over your assets while participating in the decentralized ecosystem of The Open Network.

After the Token Generation Event (TGE), Hamster Kombat players can convert their in-game earnings into HMSTR tokens. To do this, link your TON wallet to the Hamster Kombat game. Once linked, your in-game rewards will be transferred as HMSTR tokens to your TON wallet. This step is crucial as it allows you to securely manage your tokens and decide how to cash them out.

Cashing Out HMSTR Coins from a CEX

To withdraw HMSTR tokens from a centralized exchange (CEX) like KuCoin, follow these steps:

Log in to Your KuCoin Account: Start by logging into your KuCoin account via the web or mobile app. Navigate to the "Assets" section and select "Withdraw."
Choose HMSTR Token: From the dropdown menu, select HMSTR as the token you wish to withdraw. Ensure that your receiving wallet supports HMSTR to avoid any potential loss.
Enter Withdrawal Details: Input the wallet address where you want to send the HMSTR tokens. Double-check the address and ensure it's correct, as cryptocurrency transactions are irreversible. Specify the amount you want to withdraw and select the appropriate network.
Complete Security Verification: You'll need to enter your trading password and complete two-factor authentication (2FA) to secure the transaction.
Confirm the Withdrawal: Review the details of your withdrawal, including the network (TON), fees, and the estimated processing time. If everything is correct, confirm the transaction. Withdrawals can take from a few minutes to several hours, depending on network conditions and transaction volume.

Cashing Out Hamster Kombat (HMSTR) from a DEX

When cashing out from a decentralized exchange (DEX), the process involves converting HMSTR tokens to a more liquid asset like Toncoin (TON) and then transferring it to your wallet.

Swap HMSTR for TON: Connect your TON wallet to a DEX that supports HMSTR and initiate a swap. Choose the HMSTR/TON pair and specify the amount you wish to convert. Confirm the transaction and wait for the swap to complete.
Transfer TON to a CEX: After converting your HMSTR tokens to TON, transfer the TON to a CEX like KuCoin. Use the deposit address provided by KuCoin for TON.
Sell TON for Fiat or Other Cryptocurrencies: On the CEX, you can sell TON for a stablecoin like USDT or directly for fiat currency, depending on the available trading pairs.
Withdraw to Your Bank Account: If you exchanged your TON for a stablecoin or fiat currency, you can withdraw it to your bank account using the CEX's withdrawal feature. Be aware of withdrawal fees and ensure your bank supports transfers from cryptocurrency exchanges.

By following these steps, you can efficiently manage and cash out your HMSTR tokens, choosing the method that best aligns with your needs and preferences.

Security Tips

Double-Check Wallet Addresses: Always verify the wallet address and network before confirming a transaction. Incorrect details can lead to permanent loss of funds.
Use Two-Factor Authentication: Enable 2FA on all accounts involved in the transaction for added security.
Monitor TON Transaction Fees: Fees can vary significantly depending on the network and token. Always check the fees before finalizing a withdrawal.
Secure Your Wallet: For long-term storage, consider using a hardware wallet, which offers enhanced security over software wallets.

This guide has covered the essential steps for buying, selling, and cashing out Hamster Kombat (HMSTR) tokens. Whether you choose to trade on a centralized exchange, a decentralized exchange, or use a TON wallet, it’s important to understand each method's risks and benefits. Always conduct thorough research and choose the option that best suits your investment strategy. By following the steps outlined in this guide, you can confidently manage your HMSTR tokens across various platforms.