Keen to know How to Earn and Sell Hamster Kombat Tokens?

Here’s a step-by-step guide on How to Earn and Sell Hamster Kombat Tokens (HMSTR). It covers pre-market trading on Cryptocurrency, trading on exchanges, using TON wallets, and cashing out your Hamster crypto after the $HMSTR token launch.

Hamster Kombat (HMSTR) is the crypto of a viral Telegram game, Hamster Kombat, with over 300 million users. The game’s growth has set the stage for a big airdrop. The token event was set for July 2024 but is now in Q3 2024 due to technical issues.

Anticipation for the airdrop is high among the game’s CEOs. HMSTR tokens will be key in the game’s ecosystem on The Open Network (TON). The tokenomics include 60% for the airdrop and 40% for market liquidity and growth initiatives.

HMSTR tokens will be available through different trading phases. You can start with HMSTR pre-market trading on Hamster tokens. After the TGE, you can trade on CEXs and TON-based DEXs. TON wallets will also be available for managing and trading HMSTR tokens.

Here are the ways How to Earn and Sell Hamster Kombat Tokens (HMSTR) after the airdrop:

1. How to Trade Hamster Tokens on Hamster Kombat App

As of August 2024, you can already trade Hamster Kombat (HMSTR) tokens on KuCoin before they officially launch. This allows you to buy and sell HMSTR tokens at potentially lower prices.

Early investors can secure tokens at lower prices and benefit from early market movements. Pre-market trading happens in an OTC environment where prices are agreed upon before the token is listed.

This phase is great for those who want to be ahead of the curve. But, it’s important to consider the risks and benefits before participating.

First, log in to your KuCoin account and go to the Pre-Market section. This feature is found under the trading tab on KuCoin. Make sure your account is KYC-verified for pre-market trading. Also, have enough funds in your account for buying and collateral.

Buying HMSTR Tokens

• Create or Accept an Order: You can either make a buy order or find a sell order that matches your needs. Specify the HMSTR amount and price you’re willing to pay.
• Secure Collateral: Provide collateral when placing or accepting an order. This ensures both parties meet their obligations after the token is listed.
• Wait for Delivery: After a seller matches your order, wait for the HMSTR token to be listed on KuCoin. The seller must then deliver the tokens to your KuCoin account within the agreed time.

Selling HMSTR Tokens

• Create or Accept a Sell Order: As a seller, specify the price and quantity of HMSTR tokens you want to sell. Or, accept a buy order that matches your criteria.
• Secure Collateral: Sellers must also provide collateral for sell orders. This collateral ensures the delivery of tokens.
• Deliver Tokens: After a buyer matches your sell order, deliver the HMSTR tokens within the agreed timeframe after listing. Failing to deliver can result in losing your collateral.

Risk Considerations and Benefits of Pre-Market Trading

It’s important to meet the delivery timeline. Missing it can lead to losing your collateral. Pre-market trading comes with risks, like price differences between pre-market and official listing prices. Understand these risks before trading on KuCoin.

2. Trading $HMSTR on Centralized Exchanges (CEXs)

When HMSTR launches on CEXs, expect a lot of trading activity. The token will be available on leading exchanges, offering spot trading against USDT. Be ready for price volatility as investors and traders 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 and complete the KYC process on the CEX for trading.
• Deposit Funds: Put USDT or another base currency into your account.
• Navigate to the Trading Section: Find the HMSTR/USDT trading pair in the spot trading section.
• Place an Order: Choose between a market or limit order. A market order buys at the current price, while a limit order sets a specific price.
• Confirm and Execute the Trade: Review and confirm your order. Your HMSTR tokens will be in your wallet after the trade is done.

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.

3. How to Trade Hamster Token on TON-Based DEXs

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 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.

4. Using TON Wallets for Trading Hamster Coins

TON Wallets are key for the TON ecosystem, letting you safely store and use Toncoin and other tokens like HMSTR. They offer a secure way to interact with the TON blockchain. You can choose from non-custodial wallets like Tonkeeper. These wallets give you full control over your private keys, ensuring only you can access your funds.

They also offer low fees, fast transactions, and support for dApps. This makes TON wallets essential for the TON ecosystem.

How to Buy/Sell HMSTR Using a TON Wallet

Step 1: Setting up and Securing a TON Wallet

• Choose a Wallet: Pick a reliable TON wallet like Tonkeeper, which is secure and widely supported. Other options include MyTonWallet or hardware wallets for extra security.
• Download and Install: Get the wallet app from the official site or app store. Make sure it matches your device (Android, iOS, or browser extension).
• Create and Secure Your Wallet: Set up a new wallet with a seed phrase. This seed is vital for wallet recovery, so keep it safe. Also, 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, link your wallet to a TON DEX like STON.fi. Open the DEX app and choose to connect your wallet. Follow the instructions to complete the connection.
• Authorize the Connection: Confirm that you allow the DEX to interact with your wallet. This usually involves a confirmation in your wallet app.

Step 3: Managing HMSTR Tokens within the Wallet

• Buying HMSTR Tokens: Once connected, buy HMSTR tokens by swapping them with another cryptocurrency on the DEX. Set the amount and confirm the trade. Your HMSTR tokens will show up in your wallet after the trade.
• Selling HMSTR Tokens: To sell HMSTR, do the same but in reverse. Choose HMSTR in your wallet, connect to the DEX, and swap it for another cryptocurrency. Check the market rates and slippage tolerance before confirming.

Update your wallet app regularly and use extra security like two-factor authentication if available. Keep some Toncoin in your wallet for fees, which are low on the TON network.

TON wallets offer a secure way to manage and trade HMSTR tokens. They give you control over your assets in the decentralized TON ecosystem.

5. How to Cash Out or Withdraw HMSTR Tokens

After the TGE, Hamster Kombat players can turn their in-game rewards into HMSTR tokens. Link your TON wallet to the Hamster Kombat game. Then, your rewards will be transferred as HMSTR tokens to your wallet. This step is key for managing your tokens and deciding how to cash them out.

Cashing Out HMSTR Coins from a CEX

To withdraw HMSTR tokens from a 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.

Conclusion

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.