On July 29, 2024, OKX introduced a new pre-market futures product, starting with Hamster Kombat's HMSTR token.
OKX will begin offering pre-market futures contracts for Hamster Kombat (HMSTR) on August 1, 2024, at 10:00 UTC.
Innovative Trading Opportunity
The pre-market futures aim to facilitate early price discovery and provide a unique trading experience, backed by a robust risk engine as noted by Lennix Lai, OKX's Global Chief Commercial Officer.
This product allows traders to speculate on tokens before their spot market availability, offering USDT-margined expiry futures.
OKX reminds that there are risks in pre-market trading
The HMSTR token's inclusion has raised regulatory concerns, especially in Russia, where it faces scrutiny as a potential "pyramid scheme." The game's geopolitical controversies further complicate its market entry.
OKX emphasizes that pre-market futures trading is speculative and does not guarantee a token's spot market listing. The platform advises caution, acknowledging the volatile nature of such trades.
Several exchanges participated in the pre-market trading of Hamster Kombat
Other exchanges, like Bybit, are also participating in early token trading, highlighting a growing trend. While pre-market futures can reflect market sentiment, they are not reliable indicators of future spot prices.
Global Interest in P2E and Web3
The rise of Play-to-Earn games like Hamster Kombat underscores the expanding role of blockchain in gaming and digital assets, with significant attention in regions like Nigeria.
Hamster Kombat airdrops will not launch in July
Hamster Kombat plans to launch its token on The Open Network (TON) in July, but with two days until the end of the month, the team says it is still making plans to deploy a massive airdrop.
In a recent post about Hamster Kombat, it can be seen that there will be no airdrops released this month.
"We are actively working towards this goal," they wrote of the airdrop. "Keep in mind that this is a very complex technical undertaking for all platforms involved, as Hamster Kombat is one of the biggest projects in the industry and could become the largest airdrop in history."
"This creates a potential overload for the networks involved in the process," they added. “We want each of you to have the airdrop go as smoothly as possible so that everyone can receive their tokens. We are currently working closely with the TON Blockchain team to develop the most efficient technical solution for our airdrop plan.“