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Keling, birga Oʻzbekistonga! 🇺🇿

Excited to share that #Binance is now able to provide services to Uzbekistan residents. We’re glad to have reached an agreement with the NAPP of the Republic of Uzbekistan.

This is a positive milestone for Binance in the market. We will simplify user operations by enabling deposits and withdrawals in the national currency through local payment systems.

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Digital currency message from Putin before the BRICS summit

Russian President Vladimir Putin said at the press conference he held today that they will propose the use of digital currencies in the investment processes for the BRICS.

Russia will invite BRICS countries to use digital currencies in their investment processes. The statement came from President Vladimir Putin.

According to the news of TASS, Putin said at the press conference he held before the BRICS summit, which will start on October 22, "I will not go into details, but we want to present a very important issue to the members of the BRICS at the moment. This issue is related to the use of digital currencies in investment processes," he said.

“We can create an instrument that will coincide with the interests of the BRICS member countries, but also for other developing economies, and in practice will not be inflationary,” Putin said.

Putin said that consultations on the issue are still ongoing:

“We are currently in consultations with our Chinese and Indian friends, we have just met with Brazilians. We will definitely talk to South Africa. We will do this with everyone. We are moving forward slowly.”

Russian Deputy Finance Minister Sergei Ryabkov announced that he was discussing the possibility of paying BRICS with fixed coins. Putin also said in a statement at the end of September that the BRICS is working on an independent payment system to be used in international trade.

Finally, Putin said at today's press conference, "Our door is open to new members." As it is known, Turkey also announced that it was willing to participate in BRICS. The Union consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.

📊 What Is Keeping Hamster Kombat Below $0.1

The token’s circulating supply of 64.37 billion HMSTR is mainly what is keeping its price below $0.1. A rise to $0.1 means that the Hamster Kombat will have a market cap of $6.43 billion. However, for now, such a market cap for the crypto token is unlikely possible, considering the crypto market’s total market cap.

For the HMSTR price to attain such a market cap, the broader crypto market will need to experience exponential growth. For context, only the fifteen largest crypto tokens by market cap currently boast a market cap of $6.4 million and above. As such, it is unlikely that HMSTR will witness a price surge to $0.1 anytime soon.

Moreover, Hamster doesn’t have any predefined burn mechanism in place. As such, the token remains inflationary and would only become less valuable as they release more tokens into circulation. Hamster released a whopping 64% of its total supply of 100 billion HSMTR upon launch. 60% of the supply went to the community.

This was a bold move, considering that a significant number of these community members were already likely to dump their tokens upon receipt of their airdrop. This ultimately created a situation whereby the token’s supply exceeded its demand, which contributed to the downward pressure it faced upon launch. Despite its heavy popularity, the Hamster Kombat downtrend has continued.

The HMSTR price is currently down over 50% from its current ATH of $0.01004. The token could once again witness a supply shock when season 2 of the Hamster airdrop ends. However, the season 2 airdrop campaign won’t end until Q1 of next year, meaning that the token’s price could achieve some stability before then.

#HMSTR #HamsterKombat $HMSTR