Telegram-based tap-to-earn game Rocky Rabbit has launched pre-market trading for its upcoming RabBitcoin (RBTC) token through crypto exchange Bitget. This comes ahead of the token launch on The Open Network (TON) on September 23, with an airdrop likely to follow soon after.
At the time of writing, Bitget traders have valued RBTC at $0.000005, although the token peaked at a value of $1. Bitget will also list the token for spot trading once it launches later this month.
Pre-market trading lets crypto investors speculate on the eventual price of the token. However, such trades come with significant risk—perhaps more than spot trading volatile tokens—in part because the tokenomics and airdrop details may not yet be known for such tokens.
Rocky Rabbit has attracted over 25 million players that are tapping their phones to earn in-game coins, which can be used to power up your fuzzy fighter. We don’t yet know how tokens will be allocated to players, though an airdrop screen in the game notes that “fighting in battle” will be a key factor. However, the battle mode hasn’t been added to the game yet.
Previous Telegram games Notcoin, Hamster Kombat, and Catizen also launched pre-market trading ahead of their respective airdrops. Notcoin (NOT) launched in May, while Hamster Kombat and Catizen are rolling out their own tokens later this month.
On Thursday, Catizen expanded its pre-market offerings to include OKX on top of Bitget and Bybit. This came just hours before developer Pluto Studio announced the Catizen token launch date for September 20. The Hamster Kombat token is also being pre-market traded on multiple platforms ahead of its September 26 rollout.
As for Notcoin, at its peak pre-marketing trading was not far from the initial high the NOT token achieved after launching. NOT ultimately became the year’s biggest gaming token launch, though with over 300 million players on Telegram, Hamster Kombat’s HMSTR token could challenge that milestone.
This all comes amid a sudden rush of Telegram games announcing dates for token launches and airdrops—some of which appear to be selecting dates prior to Hamster Kombat’s token launch, as the smash hit Telegram game’s token launch could mark a pivotal moment in this buzzy crypto market trend.
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Ryan Gladwin
https://decrypt.co/248200/telegram-game-rocky-rabbit-rbtc-pre-market-trading-airdrop
2024-09-06 14:37:54
