Telegram Tap-to-Earn Game Hamster Kombat to Distribute Billions of Tokens via Binance
Binance Launchpool campaigns allow users to earn new tokens by staking their assets.
The popular Telegram game Hamster Kombat is set to launch its new HMSTR token on The Open Network TON $5.55 24h volatility: 0.5% Market cap: $14.04 B Vol. 24h: $323.03 M later this month. To mark the launch, billions of HMSTR tokens will be given away through a Binance Launchpool campaign starting September 19, 2024. This campaign will reward both the gameâs many players and Binance users.
The Hamster Kombat team has revealed that there will be a total of 100 billion HMSTR tokens, with 60% allocated to the airdrop. Of this amount, 3 billion tokens are set aside for the Binance Launchpool campaign. Users in eligible countries (excluding the U.S.) can earn HMSTR tokens by staking Binance Coin BNB $544.7 24h volatility: -0.1% Market cap: $79.49 B Vol. 24h: $728.30 M or FDUSD FDUSD $1.00 24h volatility: 0.0% Market cap: $2.93 B Vol. 24h: $5.24 B stablecoin during the week-long campaign, which will continue until the tokenâs official launch on September 26.
Binance Users Can Earn HMSTR
Binanceâs Launchpool campaigns allow users to earn new tokens by staking their assets. Earlier campaigns this year, such as those for gaming tokens like Pixels PIXEL $0.13 24h volatility: 6.1% Market cap: $102.84 M Vol. 24h: $75.88 M and Portal PORTAL $0.27 24h volatility: 2.5% Market cap: $45.23 M Vol. 24h: $22.34 M , saw significant staking amounts. Given Hamster Kombatâs large player base and growing popularity, its campaign is anticipated to attract similar interest.
Hamster Kombat boasts over 300 million players, making it one of the largest Telegram games. Yet, experts worry about whether TON, the blockchain behind the game, can handle the surge in demand. The network had technical problems and two outages during a previous airdrop in August. Still, the TON team remains hopeful about resolving these issues for a smoother launch.
Season 1 of Hamster Kombat will conclude on September 20, 2024. As part of the season finale, all in-game achievements, including coins, PPH, keys, skins, and other rewards, will be converted into the HMSTR token. This transition is part of the lead-up to the tokenâs official launch and aims to integrate playersâ progress into the new token ecosystem.
Although the tokenâs initial value is uncertain, its listing on major exchanges such as Binance, Bitget, Bybit, and OKX is likely to boost its visibility and trading activity.
Controversies and Price Speculations
While excitement builds for the HMSTR token launch, the project has not been without controversy. The tap-to-earn model and frequent delays in airdrop distributions have caused frustration among some users. Critics have expressed concerns that the token may struggle to meet the high expectations of its massive player base.
Hamster Kombat trading volume on Bybit and OKX premarket exceeded 2 million USDT đ€ The trading volume of premarket futures Hamster Kombat (HMSTR) on the Bybit and OKX cryptocurrency exchanges exceeded 2 million USDT. The first launched trading in July, the second in August. In a commentary to ForkLog, the OKX team noted the growing interest of users in the token - the daily trading volume of HMSTR reaches almost 115,400 USDT. For Bybit, this figure is 19,400 USDT. The average price of HMSTR on the OKX premarket is 0.16 USDT, on Bybit - 0.111 USDT. #hamsterkombat24 #TON #TelegramCrypto
JUST IN: Tron founder Justin Sun proposes a DAO to help free Telegram CEO Pavel Durov after his arrest and says he will donate $1,000,000. $TON #Write2Earn! #FREEDORUV
Pavel Durov, the founder and CEO of the popular messaging app Telegram, was arrested around 8 p.m. this Saturday evening. He was detained as he stepped off his private jet at Le Bourget airport. Durov, a 39-year-old with dual French-Russian citizenship, was accompanied by a bodyguard and a woman at the time of his arrest. #freeDurov $TON
Donald Trump supported his sons' crypto project đ€ Former US President Donald Trump published a post on his social network Truth Social with a link to the Telegram channel The DeFiant Ones, which is associated with his sonsâ crypto project. The messenger channel was created on August 7 and at the time of writing has just over 28,000 subscribers. The description says that this is the âofficial Trump DeFi channel.â #Write2Earn!
JUST IN: Donald Trump teases crypto project and says "for too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand together." #BinanceLaunchpoolDOGS
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đ¶ Daily News headline: 1ïžâŁThe total #stablecoin market cap increased by 1.62% over the past week. 2ïžâŁThe #Tron network added over 210,000 new accounts in the last 24 hours. 3ïžâŁBetter Market CEO: #SEC Likely to Win #Ripple Lawsuit 4ïžâŁU.S. government addresses currently hold 203,200 #Bitcoin, valued at approximately $12 billion. 5ïžâŁ75% of #Bitcoin Remains Unmoved For Over Six Months, Signaling Strong HODL Sentiment 6ïžâŁ #Bitcoin Spot ETFs Sees Significant Weekly Inflow 7ïžâŁ #SUI Ecosystem DEX Cetus Surpasses $10Billon in Trading Volume 8ïžâŁ #Tether To Launch USDT on #Aptos Network CC: Me
đłđŹ Internet Computer Protocol promotes blockchain engagement in Africa đłđŹ ICPâs DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector. đ Nigerian youths have been urged to actively engage with blockchain technology to enhance their global competitiveness. đŁ Adedayo Adebajo, co-founder of ICP Hub Sahara â an official branch of the Internet Computer Protocol ecosystem â highlighted the importance of engaging with blockchain technology during the second DecaHack cohort held at the University of Ibadan (UI) in Oyo State. DecaHack is an ICP-run initiative that offers online blockchain boot camps, a hackathon and a stage pitch competition for prizes. #Write2Earn! #BinanceTurns7 #NigerianTraders
Michael Saylor calls on Germany not to sell bitcoins MicroStrategy founder Michael Saylor wrote a post in X in German, in which he asked not to sell the first cryptocurrency. The publication comes after it was reported that the German Criminal Police Department and the General Prosecutor's Office sold all 49,860 BTC, worth about $2.9 billion, confiscated from the pirate portal Movie2k in January. The assets seized by the Saxony Police Department were stored in the wallet of the German Federal Criminal Police Office (BKA). Regional legislation provides for the liquidation of seized funds within a certain period. With this, co-founder and CEO of Blockchain Research Lab Lennart Ante explained the sales of bitcoins by the authorities, which began with small amounts on June 19. #Write2Earn! #BinanceEarnProgram
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Binance founder Changpeng Zhao, who pleaded guilty to money laundering violations in November, was sentenced to four months in prison on Tuesday. U.S. prosecutors had recommended a 36-month sentence for Zhao. The crypto billionaire stepped down as Binance's CEO as part of his agreement with the Justice Department. Changpeng Zhao, former CEO of Binance, arrives at federal court in Seattle, Washington, April 30, 2024. Changpeng Zhao, former CEO of Binance, arrives at federal court in Seattle, Washington, April 30, 2024. David Ryder | Bloomberg | Getty Images Binance's billionaire founder Changpeng Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto exchange.
"You had the wherewithal, the finance capabilities, and the people power to make sure that every single regulation had to be complied with, and so you failed at that opportunity," U.S. District Judge Richard Jones said to Zhao in a Seattle federal court, according to a Reuters report.
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We have recently received feedback from several Italian users who have been scammed. We are sharing their experiences here in the hope of raising awareness about this scam to prevent further victims. Below is an account from one of the victims: "The scammer impersonated Binance support. After receiving a message informing me that someone was attempting a transaction, I received a call from him saying the same. He informed me that someone was attempting a transaction and, as he had my Anti-phishing code, I believed he was Binance support. I thought he was genuine because I was receiving emails containing my Anti-phishing code. He then transferred all my funds away." The scam typically begins with the perpetrator sending a text message containing a phishing link to the victim. Upon clicking the link, the victim is prompted to enter their account information (at this point, the attacker is stealing the victim's account information). As the victim enters the SMS/email verification code, the scammer is in the process of withdrawing funds. Thus, when the victim receives the withdrawal confirmation email, the scammer contacts them by phone, claiming to have detected a withdrawal from their account. We often assume that scammers wouldn't inform us if they were withdrawing funds from our accounts, and it is precisely this trust that the scammer exploits. Don't trust unknown links! Verify it through https://www.binance.com/en/official-verification. Binance must educate people on how to contact live support in cases of emergency to detect fraud on time and arrest scammers. Cryptocurrency usage isn't dangerous. What we need is a secure platform to educate us on the security needful to protect us from any scam. The first sign of a scam is the site with typos. I hope they didn't lose much and come back to crypto. #ScamRiskWarning #ScamRiskWarning
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The Solana team will make fixes to combat network congestion
Solana developers are looking for solutions to combat network congestion, but it will take time. This was announced by Solana Labs co-founder Anatoly Yakovenko.
In February, a team of experts led by journalist Colin Wu concluded that the network's intermittent outages were due to its inability to cope with the growing volume of transactions. On February 6, the protocol did not process blocks for almost five hours, and this incident is not the first in recent years. #sharetowin #write2earnđđč $SOL
Grayscaleâs slice of the Bitcoin ETF pie has fallen below 50% for the first time since it was converted alongside the launch of nine new ETFs in January.
đ» Crypto asset manager Grayscaleâs spot Bitcoin exchange-traded fund (ETF) has fallen below 50% market share for the first time since spot Bitcoin ETFs began trading in the United States on Jan. 11.
đŒ As of March 12, the total assets under management (AUM) in the Grayscale Bitcoin Trust (GBTC) slumped to $28.5 billion â with Grayscale now accounting for 48.9% of the total $56.7 billion held between ten U.S. Bitcoin ETFs, according to Dune Analytics data. #BTCđ„đ„đ„đ„ w
đ§âđ» Hackers took over the official MicroStrategy X account, posting a series of malicious links to a fake airdrop for a so-called Ethereum-based MSTR token.
Business intelligence firm MicroStrategyâs X account has been hacked, posting malicious links to a fake airdrop of a so-called âofficialâ Ethereum-based MSTR token.
đž A user clicking on the link is directed to a copycat MicroStrategy webpage that directs them to connect a wallet and claim the fake MSTR airdrop. Once users accept a series of permissions in their Web3 wallet, it is understood that the attackers can automatically drain the tokens out of the userâs wallet.
According to independent blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, losses incurred from the scam have already tallied over $440,000. #BTC #Write2Eam #TrendingTopic
đĄ Vitalik Buterin floats 5 designs to decrease Ethereum max block size đĄ
The solutions floated by Buterin and the Ethereum Foundation revolve around increasing the cost of calldata and raising block gas limits.
đ Ethereum co-founder Vitalik Buterin and the Ethereum Foundation are considering at least five ways to reduce Ethereumâs maximum block size in hopes of optimizing the blockchain for a ârollup-centric roadmap.â
đ On Feb. 5, Buterin and Ethereum Foundation researcher Toni WahrstĂ€tter said that with the focus on rollups in the medium and long term, it is argued that the way block space is used is not yet optimized, noting that effective block size has essentially doubled over the past 12 months.
âThis might be a result of more and more rollups starting to use Ethereum for DA and trends like Inscriptions,â explained Buterin and WahrstĂ€tter #Write2Earn #Write2Earn
Binance froze $4.2 million worth of XRP tokens stolen from Ripple co-founder
Cryptocurrency exchange Binance has frozen $4.2 million in XRP tokens associated with the hacking of the personal wallet of Ripple co-founder Chris Larsen.
On January 31, on-chain researcher ZachXBT drew attention to suspicious transactions and suggested that hackers stole ~213 million XRP worth $112.5 million from Ripple.
Larsen stated that we are talking about his personal funds. According to him, a day earlier, unknown persons gained unauthorized access to several personal accounts. He noted that it was possible to quickly identify the problem, notify trading platforms of the need to block assets and involve law enforcement officers in the investigation.
Binance CEO Richard Teng thanked ZachXBT and the Ripple team for coordinating efforts to track the stolen tokens. He assured that exchange specialists will continue to monitor the assets remaining in the criminalsâ wallets. #SOLUSDT! #Write2Earn #XRPHACKED