ByBit early birds in Hamster Kombat: what is this new section? What should be done?

New sections in Airdrop - Withdrawal, Hamster Kombat

Friends, if you periodically check if something new has appeared in the Airdrop section in the hamster, you probably should have noticed that - yes, it has.

There are two subsections:

OKX Early Birds
ByBit Early Birds

Let's see what the ByBit Early Birds section offers us.

ByBit early birds in Hamster: what for the new section? What needs to be done?

Announcement and a piece of the roadmap: the start of the HMSTR listing on ByBit

In essence, here we see a piece of the roadmap of the Hamster Kombat project.

Let's translate all the phrases from this screen, top to bottom.

ByBit early birds in Hamster Kombat: what's the new section? What needs to be done?

ByBit exchange

Unleashing the full potential of crypto Web3 with next generation tools, support and opportunities = just an advertising phrase about ByBit.

Register = Register (on ByBit).

Next comes that very piece of the roadmap, and all 3 points in it are planned for September:

start of offline deposit
end of offline deposit
confirmation or rejection by ByBit - meaning that ByBit can reject your KYC account.

Complete your KYC to get the address and memo for an off-chain deposit

(How to pass KYC on ByBit - read here.)

Off-chain deposits will be enabled soon

So, everything revolves around these off-chain deposits. Let's figure out what they are.

Off-Chain Deposit on a Crypto Exchange: What is it?

Off-chain deposit on a crypto exchange is a way to replenish your account with cryptocurrency, which occurs outside the main blockchain.

Instead of sending coins directly to the exchange blockchain, you send them to a special address that is controlled by the exchange, but is not part of the public blockchain.

In the case of the hamster, we will receive an address and a reminder - so as not to forget when and what exactly needs to be done to participate in the airdrop and listing of the Hamster. For example, how much and by what protocol to deposit into your ByBit account.

Why is this convenient?

Faster deposits: Since transactions are not recorded on the blockchain immediately, the process of replenishing an account can be significantly faster.
Lower fees: Not having to pay fees for recording a transaction on the blockchain makes this method cheaper.
Increased privacy: Some exchanges offer options for more private deposits, although this depends on the specific platform.

How does it work?

Getting an address: You request a special deposit address from the exchange. This address may be generated internally by the exchange and will not necessarily be your public address on the blockchain.
Sending Coins: You send your cryptocurrencies to this address.
Confirmation: The exchange confirms receipt of your coins and credits them to your account.
Writing to Blockchain: The exchange may later write this transaction to the blockchain for additional security and transparency, but this happens after the funds are available in your account.

Important to remember:

Security: Despite the convenience, off-chain deposits can carry certain risks, especially if the exchange does not have a reliable security system.
Verification of information: Always verify the recipient's information before sending funds to avoid errors.
Exchange terms: The terms of off-chain deposits may differ from exchange to exchange, so it is important to familiarize yourself with the rules of a particular platform.

Off-chain deposits offer a number of benefits, such as speed and low fees.

However, before using this feature, it is important to weigh the pros and cons and choose a reliable exchange with a good reputation.

Such as ByBit.

UPD: it's Friday today, September 13th, and Hamster Kombat airdrop has already started! Come and read my step-by-step guide here: how to make an off-chain deposit on ByBit. (Don't worry, you're not paying anyone! You just tell Hamster Kombat - and it tells ByBit - to what address you want your HMSTR tokens credited.) I did it, and you can do it too! Good luck to everyone, my brothers and sisters!

For trading HMSTR, DOGS, PIXFI, TON and other popular tokens I recommend ByBit crypto exchange. By the way, there is a special offer now: you can register on ByBit, get exclusive rewards and a bonus of up to $6,045.

ByBit also asked to inform you of additional welcome gifts up to $1025. They can be obtained after completing the necessary stages - KYC verification and minimum deposit - on this crypto exchange.

Here is my referral link for you guys to register on ByBit, feel free to click!

IMPORTANT: After completing KYC on ByBit you will be able to sell HMSTR tokens on ByBit Premarket!

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