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What is off chain deposit in hamster kombat

Hamster Combat: On-chain and off-chain deposit process and airdrop information

By It’s NeEलेsHPublished about a year ago 3 min read

Hamster Combat: On-chain and off-chain deposit process and airdrop information

Hamster Combat has recently released a major update, which includes token deposit and airdrop processes for users through both on-chain and off-chain methods. This information is important for all users who are involved or want to participate in this crypto platform. In this article, we will know in detail how to participate in these processes and what things to keep in mind, especially about the off-chain deposit process.

On-chain deposit process

On-chain deposit is the process in which tokens are deposited using the blockchain. This process has started on September 13 and will run till September 21. Under on-chain deposit, users have to connect their wallets to the platform, and then deposit their tokens directly on the blockchain. After this, the airdrop date is scheduled for September 26, when users will be able to claim their tokens.

To complete the on-chain deposit process:

1. Connect wallet: Connect Binance or other supported wallet to the platform.

2. Use deposit address and memo: For on-chain deposit you need to use the correct deposit address and memo.

3. Select Set as default option: Once the process is complete, set it as the default withdrawal option.

What is the off-chain deposit process?

Off-chain deposit is the way in which users can deposit tokens without using the blockchain. This process is easier for those who feel uncomfortable participating in on-chain processes or who are unable to complete KYC. Off-chain deposit means that you do not need to make a transaction on the blockchain to deposit tokens, but this process is done directly to deposit tokens in the wallet.

Full details of the off-chain deposit process:

1. Accessing the off-chain deposit section:

• First, you need to go to the Airdrop section of the Hamster Kombat app.

• Here you will find various deposit and withdrawal options, including off-chain deposit.

2. Wallet connection and settings:

• Users must first connect their wallet to the platform. For this, you can use supported wallets like Binance or OKEx.

• In this process, you need to go to the wallet and copy your Hamster token deposit address and memo.

• Paste both these details correctly on the platform. Remember, this information must be absolutely accurate, as once you enter the wrong information, you cannot change it.

3. Select the Set as Default option:

• Once you have set up the wallet and deposit information, you need to tap on the Set as Default withdrawal option. This will disable other options like Binance or other wallets.

• Users are advised not to make any hasty decisions and select the right option, as it cannot be changed later.

4. Gas Fees and KYC Information:

• One of the big advantages is that users do not need to go through the KYC (Know Your Customer) process in the off-chain deposit process. If someone does not have an account on Binance or other exchanges, then this process is very convenient for them.

• However, no clear information has been given about the gas fees yet. It is possible that gas fees may apply in some cases. Therefore, users are advised to understand this process carefully and evaluate all the options.

5. Processing and Token Receiving:

• Once you paste the correct information in your wallet and set the default withdrawal option, your tokens will be deposited directly to your connected wallet.

• During the on-chain airdrop process, users will have to participate in the claiming process from September 26 after receiving their tokens.

Airdrop Dates and Claiming Process

The airdrop process will begin from September 26, in which users will be able to receive tokens in their wallets. During this, it is important to keep in mind that all the information set is correct. Once you choose the default setting, you cannot change it, so make a careful decision.

Final words

This update of Hamster Combat includes deposit and airdrop options from both on-chain and off-chain processes. This gives users the freedom to choose the option as per their convenience.

Off-chain deposits are especially beneficial for users who do not want to go through the KYC process or who do not have an account on the exchange. In this process, tokens are directly received in the wallet without making blockchain transactions, making it a simple and secure option.

So, connect your wallet with the correct information and complete the deposit process so that you can claim the tokens from September 26.

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About the Creator

It’s NeEलेsH

🚀 Exploring the world of blockchain, cryptocurrencies, and DeFi. Bringing you the latest insights, trends.

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