Binance Launchpad will hold the Hooked Protocol token sale

HOOK will become the 29th Launchpad’s project of the Binance crypto exchange

23.11.2022 - 10:45

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What’s new? Binance Launchpad, a platform to launch projects of the Binance cryptocurrency exchange, has announced the Hooked Protocol (HOOK) token sale. The project aims to massively embrace Web 3.0 and form an ecosystem for the future community-owned economy. Hooked Protocol will be the 29th project launched on Binance Launchpad.

Announcement on the Binance blog

What is known about the token sale? The HOOK token sale will begin on November 24 at 00:00 UTC in the Launchpad subscription format. This format involves accruing new tokens to a user in the ratio between the number of Binance’s native tokens (BNB) allocated to them to the total number of BNB received from all participants in the token sale. Snapshots of users’ BNB balances will be taken every hour for 7 days: from the start of the token sale until December 1, 00:00 UTC.

The total supply of HOOK will be 500 million tokens, of which 25 million (5% of the supply) will be available for purchase on Binance Launchpad. The public sale price of the token will be $0,1.

On October 31, cryptocurrency exchange Binance’s staking platform launched Hashflow, a decentralized trading platform (DEX) that connects traders with professional market makers. This is the 31st project whose launch is supported by Binance’s staking platform. At that time, BNB reacted with an increase of 7,5%.

As of November 23, 10:50 UTC, BNB is trading at $295,3, having gained 16,22% per day.

In October, CoinList Launchpad announced the launch of five crypto startups as part of its Seed Fall 2022 program. The list included token distribution platform Capx, database protocol DB DAO, sports prediction marketplace Frontrunner, private network Nillion and game studio Worldspark Studios.

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