How to Claim HMSTR Airdrop Rewards: A Step-by-Step Guide
2024-09-25
The HMSTR Airdrop campaign gives participants the chance to earn up to 300% APY on HMSTR stored in Wallet Earn accounts. By depositing up to 20,000 HMSTR, users can earn daily rewards throughout the campaign. The rewards will be credited directly to the Wallet, and withdrawal options become available after the official HMSTR listing. Participants must complete verification to access their rewards, and the campaign may end early if all prizes are claimed.
Key Takeaways
Earn up to 300% APY on a maximum deposit of 20,000 HMSTR.
Daily rewards are based on the deposit balance and credited to your Wallet.
Verification is required to withdraw rewards, and unclaimed rewards will be revoked after October 8.
Earn HMSTR for HMSTR
This campaign lets participants earn up to 300% APY on HMSTR stored in their Wallet Earn account. To join, visit the campaign page in Wallet and tap “Start Earning”. Users can deposit up to 20,000 HMSTR and receive daily rewards based on their deposit. If assistance is needed to top up the Wallet, check out the provided instructions here. It’s important to review the Campaign Terms before participating. The total prize pool is 200,000,000 HMSTR.
Note: The campaign may end early if all rewards are claimed before the official end date. After the campaign closes, no further rewards can be earned.
Maximum Deposit: 20,000 HMSTR
Minimum Withdrawal for Rewards: 1 HMSTR
Campaign Start: September 24
Campaign End: October 1
When will I receive my rewards?
Rewards are calculated daily on the remaining deposit balance of your Earn account. They can be withdrawn daily or upon closing the deposit. The rewards will be credited in HMSTR to your Wallet balance. You can close the deposit and withdraw the rewards at any moment. Because HMSTR has not been listed yet, withdrawing your rewards will only become available after the official listing of HMSTR in Wallet on September 26. For more information on the launch, join the Hamster Kombat community on Telegram.
How much can I deposit into my Earn account?
You can deposit up to 20,000 HMSTR to your Earn account. The minimum deposit amount is 20 HMSTR.
Will the reward be credited to my Wallet?
Yes, it will. The reward in HMSTR will go directly to your Wallet account.
The reward I got today is different from yesterday. Why did this happen?
The value of HMSTR is volatile and can change drastically based on factors such as market conditions, demand, and liquidity. In case of significant fluctuations in the price of HMSTR, the reward amount may be modified by the Terms of the Campaign.
What does APY mean?
APY (Annual Percentage Yield) refers to the annual rate of return expressed as a percentage. It represents the annual profit you can expect to earn by placing your funds in the HMSTR-HMSTR Earn campaign.
How are the rewards calculated? How can I find out how much I will receive after 1 day or after 7 days?
Here are the formulas to calculate your reward:
Example: you deposited 5000 HMSTR to your Earn account. Your reward for 7 days would be calculated as follows: 5000 HMSTR x (300/100) x (7/365) = 287.67 HMSTR.
How much will I receive if I deposit 10,000 HMSTR on September 27? How do you calculate the reward?
Reward calculation is based on the minimum deposit balance from the previous calendar day. This means you will start to see rewards accruing one day after your initial deposit.
So, in the example above the reward for September 27 will be calculated based on a balance of 0 HMSTR, as the minimum balance on September 26 was 0 HMSTR. The reward for September 28 will be calculated based on the minimum balance on September 27, which is 10,000 HMSTR. In that case, the reward would be around 82.19 HMSTR.
If you kept this same amount in your Wallet Earn account, you would continue to earn an additional 82.19 HMSTR (approximately) every day after, until the end of the campaign. If you deposited more HMSTR, you would have a larger daily reward for the days that followed.
Do I need to complete verification to start earning rewards?
The rewards are calculated right from the moment you open the Earn account. Rewards will accrue whether you have passed verification (KYC) or not. However, you must successfully pass verification to withdraw rewards from your Earn account. This can be done on the Campaign page by tapping on “Proceed with KYC”.
Can I claim my reward without completing the verification?
No, rewards can be received only after successfully completing Wallet verification. If you fail to complete the verification, you will be still able to return your HMSTR deposit from the Earn account to your Wallet – but any HMSTR rewards that you accrued will not be accessible.
I passed verification, but cannot withdraw my rewards. Why?
This most likely is due to a low amount of rewards in your Earn account. The minimum withdrawal amount for rewards is 1 HMSTR. If you have less than 1 HMSTR in your Earn account, consider keeping your deposit until the campaign’s end, so that you could reach the minimum withdrawal amount.
Important: You will not be able to withdraw your rewards if they are less than 1 HMSTR in total by the campaign’s end.
You will be able to claim the accrued rewards only after HMSTR is officially launched in Wallet on September 26. For more information on the launch, join the Hamster Kombat community on Telegram.
My verification (KYC) was not successful, will I be able to receive rewards? What will happen to my deposit?
No, successful verification is mandatory to receive the rewards you accrued, by the Terms of the Campaign. If you do not pass the verification process, you will still be able to return your HMSTR deposit from the Earn account to your Wallet.
I no longer wish to participate in the campaign, can I still get my rewards?
You can return your deposit from the Earn account at any time if you wish to no longer participate in the promotion. To do so, tap “Close HMSTR Campaign & Withdraw”. The deposit will be returned to your HMSTR balance in Wallet.
Any rewards you accrued will still be in your Earn account, ready for you to claim. To withdraw your rewards, simply tap “Claim Rewards”. After successful verification (KYC), they will be credited to your Wallet.
Please note that the minimum withdrawal amount for rewards is 1 HMSTR. If you have less than 1 HMSTR in your Earn account, consider keeping your deposit until the campaign’s end, so that you can reach the minimum withdrawal amount.
I withdrew funds from the Campaign and closed my Earn account. Can I participate again?
Yes, you can participate again. The APY rate may differ if you return outside the current period.
The campaign ended, but I haven’t managed to claim my rewards. What will happen to my rewards?
You will be able to claim your rewards within 7 days after the campaign’s end by tapping “Claim Rewards”. If you don't withdraw your rewards by October 8, the accrued rewards will be revoked, and it will not be possible to withdraw them later.
Note: You can withdraw the rewards only if you passed verification before the end of the campaign.
Conclusion
The HMSTR campaign provides a great opportunity to maximize earnings with a high APY. Participants can easily deposit HMSTR and earn daily rewards, but successful verification is essential to withdraw them. By following the campaign terms and keeping track of reward deadlines, participants can make the most out of this limited-time offer. Join the campaign early to take full advantage before the prize pool runs out.
Disclaimer: The content of this article does not constitute financial or investment advice.
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