The new Hamster Kombat (HMSTR) Pre-Launch Futures Contract (HMSTRUSDTU24) is now available for trading on BitMEX. The new listings are: Margining with Tether (USDT) And it provides up to the max Double Leverage allows you to take a buy or sell position on HMSTR before it is listed on a spot exchange.
HMSTRUSDTU24 Trading Starts here At 0 o’clock9 am UTC on September 13th 2024.
Read on for more details on the new pre-release list.
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HMSTR linear Gift contract specifications
HMSTRUSDTU24 A linear futures contract with margin applied in USDT (ERC-20). It works similarly to a regular futures contract, but there are some key differences (detailed below).
HMSTR Contract Details:
- symbol: HMSTRUSDTU24
- expiration period: September 27, 2024
- Margin Currency: USDT
- Contract size: 1 HMSTR
- Lot size: 10
- Minimum transaction amount: 10 HMSTR
- underlying: .BHMSTRT
- Maximum leverage: Double
- Maker Fee: -0.0175%
- Taker Fee: 0.25%
- Default Initial Margin: 50.00%
- Basic Maintenance Margin: 25.0%
You can trade the HMSTRUSDTU24 futures contract. hereOr see the full contract specifications. here.
The main differences between pre-launch listings and other futures contracts are:
- How to display: Final price
- Price Limit: Set limit up and limit down by +/- 20% of mark price every hour
- Payment Price: .BHMSTRT30M
- Automatic Debt Relief: Activated
The pre-launch gift is very It’s volatile Speculative contracts. Because of this, we have changed some items.
- We are using the last price display because there is no observable price for HMSTR yet.
- To protect the market from manipulation, we use Limit Up and Limit Down prices, which are set at Mark Price +/- 20% on the hour. Traders cannot place buy orders higher than the Limit Up price or lower than the Limit Down price.
- that .BHMSTRT BitMEX constructs an index when it is able to create a robust index that represents the spot price of each token. Once such an index exists, it may change the Mark Method to Fair Price at its discretion. Until such an index is created .BHMSTRT is Set to 0. If the index is not formed by the expiration date, the settlement value will be 0.
- As with all cryptocurrency derivatives contracts traded on BitMEX, there is a possibility of automatic deleverage. Since these contracts are purely speculative, the possibility of automatic deleverage is higher than for regular contracts.
About HMSTR, the Hamster Combat Token
Hamster Combat is a cryptocurrency-based clicker game built on the TON blockchain that has gained attention for its engaging gameplay and integration with the digital currency ecosystem. Players can earn coins in the game and trade them for tokens.
The game has been listed on multiple platforms, showing its growing popularity and acceptance in the cryptocurrency community. The game’s utility token, HMSTR, is scheduled to start spot trading on Binance on September 26, 2024 at 12:00 UTC.
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