Bitget Concludes HMSTRBG Order Settlements

Bitget Concludes Hamster Kombat Futures Coin (HMSTRBG) Order Settlements

Press release

Victoria, Seychelles, 14th September, 2024: Bitget, the world's leading cryptocurrency exchange and Web3 company, will initiate the mapping of Hamster Kombat Futures Coin (HMSTRBG) pre-market orders to Hamster Kombat (HMSTR) orders. This transition aligns with the Hamster Kombat (HMSTR) project team's recent announcement of the token's finalized total supply and tokenomics.

The Hamster Kombat Futures Coin (HMSTRBG) was initially issued with a total supply of 10 billion tokens. However, the total supply for the newly announced Hamster Kombat (HMSTR) stands at 100 billion tokens. Consequently, the mapping ratio has been determined as 1:10, meaning each HMSTRBG will be converted to ten HMSTR tokens. The pre-market trading of Hamster Kombat Futures Coin (HMSTRBG) concluded on September 13, 2024, at 6:00 (UTC). Following this, the trading of Hamster Kombat (HMSTR) will begin at 8:00 (UTC) and continue until September 26, 2024, at 11:30 (UTC). Delivery of the mapped tokens is set for 16:00 (UTC) on September 26, 2024.

Mapping in pre-market trading adjusts the token quantity without altering its market cap. The mapping ratio reflects the shift in the total supply from 10 billion HMSTRBG to 100 billion HMSTR, without changing the overall market value. All executed pre-market trading orders for Hamster Kombat Futures Coin (HMSTRBG) will convert to Hamster Kombat (HMSTR) orders at the set ratio. The order quantity and any associated security deposit will remain unchanged during this transition.

After the mapping is completed, Hamster Kombat Futures Coin (HMSTRBG) pre-market orders will automatically convert into Hamster Kombat (HMSTR) orders. This conversion process is automated, requiring no additional action from users. Any remaining open orders after the conclusion of the HMSTRBG pre-market trading will be canceled. It is recommended to review order quantities following the completion of the mapping process to ensure alignment with the 1:10 ratio.

Once Hamster Kombat officially launches, Bitget will finalize the conversion based on the project's tokenomics. The pre-market order amounts filled by users will remain consistent, although the token quantity and price will adjust according to the mapping ratio. Users can reference their original orders in the Hamster Kombat Futures Coin (HMSTRBG) pre-market trading history, while the mapped orders will appear in the Hamster Kombat (HMSTR) order history.

This mapping serves as a crucial step in aligning the pre-market trading framework with the official tokenomics of Hamster Kombat, providing a seamless transition for traders.

For more information on HMSTRBG, visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For media inquiries, please contact: media@bitget.com

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2024-09-14

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