This staking program appears to have been the main driver of the token’s increased trading volume, propelling $FAR to second place in ByBit’s trading charts. Users can earn up to 60% in rewards, with varying APRs, depending on the duration of the stake.
The platform allows users to monitor their total rewards in real time, with APRs that vary depending on the length of their staking commitment. This flexible staking model has created an attractive proposition for both short-term traders looking to capitalize on quick gains and long-term holders looking for sustainable returns.
At press time on September 26, the FAR token price had climbed to $0.0084, gaining over 20% in the 24 hours following the announcement of the staking rewards. With plans to expand its presence on more exchanges in the coming months, Farcana remains one to watch in the coming weeks.
4. Hamster Kombat (HMSTR) Airdrop Allocates 60 Billion Tokens
In another major development in the rapidly growing world of crypto gaming, Hamster Kombat, a Telegram-based clicker game, is set to distribute 60 billion HMSTR tokens to its users in an airdrop event on September 26 .
The highly anticipated drop, which coincides with the conclusion of the game’s sequel: Season One, aims to reward the community and drive greater engagement for future seasons.
The Hamster Kombat team announced on from season two.
The move represents a bold step toward recognizing its player base, estimated at 300 million, while also addressing issues surrounding user engagement and game integrity.
At the time of writing on September 26, HMSTR is less than an hour away from its official launch on the Binance launch pool, but the project has already amassed a strong community of over 14 million followers.
In the coming days, key trading indicators will provide insight into the impact of the airdrop on HMSTR’s short-term price action as well as the game’s overall long-term growth trajectory.
To avoid large-scale sales, only 88.75% of each user’s airdrop allocation will be distributed immediately, with the remaining 11.25% released gradually over a 10-month period as the HMSTR token is listed on scholarships.
This approach ensures that 53.25 billion tokens will be allocated immediately, and 6.75 billion tokens are expected to be released in smaller tranches through 2026.
Enthusiasts anticipate that the media buzz generated by this massive drop has the potential to increase Hamster Kombat’s visibility as it transitions into season two, with developers committing to improving the game’s mechanics and user experience.
5. Kamala Harris Vows US Will Remain Dominant in Crypto
Vice President Kamala Harris made her first public remarks on cryptocurrency during a speech at the Economic Club of Pittsburgh.
Addressing the importance of emerging technologies, Harris said his administration, if elected, would invest heavily in blockchain, artificial intelligence and quantum computing, ensuring the United States remains a global leader in technology. ‘innovation.
“We will invest in biomanufacturing, aerospace, remain dominant in AI and quantum computing, blockchain and other emerging technologies.”
Kamala Harris, Democratic presidential candidate and US vice president.
Harris also highlighted the need to expand clean energy innovation and ensure the next generation of technological breakthroughs occur on American soil.
Although Harris’ mention of blockchain was brief, it marks a significant shift in the American political landscape. The current administration of President Biden has taken a relatively crypto-hostile stance, implementing regulatory crackdowns on several fronts.
Harris’ remarks indicate that his administration may take a more pro-digital asset approach, which could lead to less regulatory friction for blockchain and cryptocurrency-based industries.
Harris’ comments are particularly noteworthy as pro-crypto lobbying efforts have ramped up ahead of the 2024 election. Hundreds of millions of dollars have been invested in political campaigns in an effort to ensure a more pro-crypto regulatory environment. cryptography.
His statement, while cautiously optimistic, could reassure investors and developers in the blockchain sector that the United States will not fall behind global competitors like China in the race for technological dominance.
If implemented, these initiatives could create a more stable regulatory framework, encouraging institutional participation in digital assets and potentially fueling the next wave of crypto adoption.
