The world’s leading cryptocurrency exchange Binance has announced a new altcoin. Binance is making a comeback to Launchpad projects that it has suspended since March. Cryptocurrency exchange announced its 29th Launchpad project. As Kriptokoin.com, we convey the latest announcement made by Binance to you.
Binance made a new announcement
The world’s leading crypto exchange has announced that its 29th Launchpad project will be Hooked Protocol (HOOK). On Launchpad, users will be able to receive tokens of newly launched projects before they are listed on the exchange. In addition, as a result of these, projects raise funds.
It is stated that $ 2.5 million HOOK has been allocated for the sale to be made on Binance. In addition, according to the information conveyed, an investor can have a HOOK of up to 15 thousand dollars. HOOK’s total supply is reported as 500 million. 25 million HOOKs, equivalent to 5 percent of this, will be available for sale on Binance Launchpad. Finally, it is reported that 1 HOOK token will be worth 0.1 dollars.
Hooked Protocol’s altcoin HOOK will be available on Launchpad
According to the statements made, it was stated that hourly BNB balances will be recorded for seven days starting from 24 November 2022 at 03:00 in order to determine who will be eligible to participate in Launchpad. Average daily BNB balances of users on the exchange will be tracked for seven days. As a result, the maximum amount of BNB that can be committed at the end of the period will be determined. However, on December 1, 2022, between 09:00 and 12:00 CEST, registration on Launchpad will open. Token distribution will be made on the same day as of 13:00 CEST.
Hooked Protocol is a project designed to engage a wider audience in the web3 ecosystem. One of the project’s products is Wild Cash, the Play to Earn app, which rewards users with tokens for submitting their knowledge on crypto-related topics. Protocol has a governance token called HOOK as well as an incentive token called HGT. Hooked Protocol plans to use HOOK more broadly for the blockchain scalability solutions they will launch. The Hooked Protocol token sale timeline is as follows:
- Preparation period: From 24 November 00:00 UTC to 1 December 00:00 UTC
- Subscription period: 1 December between 06:00 UTC and 09:00 UTC
- Calculation period: 1 December between 09:00 UTC and 10:00 UTC
- Token distribution: 1 December 10:00 UTC
