Hamster Kombat token to debut on OKX pre-market future platform
Hamster Kombat’s token will be listed on OKX’s new pre-market futures platform.
The Hamster Kombat (HMSTR) hype continues as OKX just introduced its pre-market futures platform, marking the debut of the HMSTR token on the platform.
This product will allow customers to trade futures contracts for upcoming tokens prior to a Token Generation Event, public sale, or Initial Coin/Exchange Offering. Hamster Kombat, a popular game on Telegram, will introduce its HMSTR token on this new platform.
The HMSTR token’s early entry into the market allows traders to take advantage of the initial market interest. This move supports OKX’s aim to offer a more advanced trading experience compared to traditional peer-to-peer models.
Pre-market futures
OKX’s Pre-Market Futures product offers up to 2x leverage and is designed to enhance liquidity and reduce fees.
The platform allows customers to trade without needing to own the actual asset. The goal is to deliver better liquidity and reduced fees compared to current P2P pre-market options.
Lennix Lai, OKX’s Global Chief Commercial Officer, said, “Our unique approach to assisting in the price discovery process for early-stage tokens is backed by our robust risk engine and extensive experience. By opening up new avenues to participate in crypto, we aim to make trading more accessible, efficient, and appealing.”
While the platform offers numerous advantages, OKX emphasizes the risks involved, including lower liquidity and higher price volatility. The exchange retains discretion over listing adjustments and contract terms.
