HMSTR-PERPCrypto · GamingTrade Hamster Kombat (HMSTR) Perpetual Futures
Go long or short on Hamster Kombat with up to 100x leverage. No KYC, no sign-up: connect your wallet and trade 24/7.
- No KYC
- No sign-up
- Self-custody
- Up to 100x leverage
- Mark price
- 0.0001400
- 24h high
- 0.0001419
- 24h low
- 0.0001388
- 24h volume
- 29.7K USDT
Hamster Kombat is a game that runs inside Telegram as a mini app. Players began by tapping a cartoon hamster to earn in-game coins, then used those coins to "upgrade" a fictional crypto exchange they ran as its CEO. The game spread quickly through Telegram's user base in 2024, drawing a player count in the hundreds of millions and becoming one of the most widely played examples of the "tap-to-earn" genre. Its developers have remained largely anonymous.
HMSTR is the game's token, issued on The Open Network (TON), the blockchain closely linked to Telegram. It has a fixed total supply of 100 billion tokens. Trading began on September 26, 2024, when the team distributed a large share of the supply to players in an airdrop covering more than 130 million accounts, with the token listed on several major exchanges the same day. A portion of the supply was reserved for later game seasons, market liquidity and ecosystem programs.
Traders watch HMSTR as one of the largest tokens to come out of Telegram gaming and as a barometer for the wider tap-to-earn and TON gaming scene, where player engagement and token value have often moved together.
HMSTR's price depends heavily on whether the game can keep its audience. Player numbers, engagement with new seasons, and announcements about further airdrops or game features drive sentiment, and a decline in activity after the initial airdrop weighed on the token. Because a very large number of players received tokens at launch, selling by airdrop recipients has been a recurring source of pressure.
Supply releases for later seasons and ecosystem programs add tokens to circulation over time. The token also tends to move with the broader TON ecosystem and with interest in Telegram-based apps, as well as with overall crypto market sentiment.
The HMSTR perpetual is a futures contract on the price of Hamster Kombat with no expiry date. You never own Hamster Kombat itself: you go long if you expect the price to rise or short if you expect it to fall, and settle profit and loss in USDT.
You choose your leverage, up to 100x. Margin is cross: your whole perpetual balance backs every open position. Positions are valued at a mark price taken from market data, which can differ from the last trade, and an order more than 20% away from the mark price is rejected.
- 1Connect a wallet. Connect MetaMask, or log in with email or Google, and sign the login message.
- 2Deposit USDT. Deposit USDT and move it to your perpetual account to use as margin.
- 3Choose long or short and your leverage. Open the HMSTR market, pick a direction and leverage, and place a market or limit order.
- 4Manage the position. Set a take-profit or stop-loss, add margin, or close the position whenever you like.
| Topic | Max Orion | Centralized exchange |
|---|---|---|
| Sign-up | No KYC: connect a wallet and sign a message | Email, password and identity checks |
| Your account | Your wallet address is your account | A username held by the exchange |
| Orders | Every order is signed by your wallet | Orders sent under a logged-in session |
| Hours | Crypto, gold and oil, 24/7 | Commodities often follow market hours |
Leverage multiplies losses as well as gains. If the Hamster Kombat price moves against your position far enough that your perpetual balance, including unrealized losses, falls below the maintenance margin, positions are closed automatically at the prevailing price and you can lose your whole balance. A stop-loss becomes a market order when triggered and is not guaranteed to fill at its price. Only trade with money you can afford to lose. HMSTR is a gaming token whose value rests on the popularity of a single game, and it tends to be far more volatile than large-cap cryptocurrencies.
Frequently asked questions
A HMSTR perpetual is a futures contract on the price of Hamster Kombat with no expiry date. You go long if you expect the price to rise or short if you expect it to fall, post margin in USDT, and keep the position open for as long as your margin covers it.
You can trade Hamster Kombat perpetuals with up to 100x leverage. The higher the leverage, the smaller the price move against you that liquidates the position.
No. There is no KYC and no sign-up form. You connect a wallet and sign a message to log in — self-custody wallet sign-in, with no password — then deposit USDT to start trading.
Every market settles in USDT, with cross margin: your whole perpetual balance backs all of your open positions, so a profit on one adds margin to the others and a loss on one reduces the margin left for all of them.
A perpetual has no expiry, so a periodic funding payment between longs and shorts keeps its price close to the underlying market. When the perpetual trades above the underlying, longs pay shorts; when it trades below, shorts pay longs.
A maker order, which waits in the order book, pays 0.02% of its value. A taker order, which fills immediately, pays 0.06%.
Leverage multiplies losses as well as gains. If the price moves against your position far enough that your margin no longer covers it, the position is liquidated and the margin is lost. Only trade with money you can afford to lose.
