Binance Makes Big Announcement: This Altcoin Is Coming!

The world's leading cryptocurrency exchange Binance has released a new altcoin announcement. Binance is making a comeback to Launchpad projects that it has suspended since March. Cryptocurrency exchange announced its 29th Launchpad project. we convey the latest announcement made by Binance to you.

Binance Makes Big Announcement: This Altcoin Is Coming!
Binance Makes Big Announcement: This Altcoin Is Coming!

Binance has released a new announcement

The world's leading crypto exchange has announced that its 29th Launchpad project will be Hooked Protocol (HOOK). On Launchpad, Binance users can own the tokens of newly launched projects before they are listed on the exchange. In general, the stock market allows users to buy altcoins to be listed. In addition, as a result of these, projects raise funds.

There is a $2.5 million HOOK in Binance for the sale transaction to be made. In addition, as a result of the information conveyed, it is reported that an investor can have a HOOK of up to 15 thousand dollars. Overall, HOOK's total supply is reported as 500 million. 25 million HOOKs, equivalent to 5 percent of this, will be on sale on Binance Launchpad. Finally, it is reported that 1 HOOK token will be worth $ 0.1.

It is reported that HOOK, the altcoin of Hooked Protocol, will be available for sale on Launchpad.

According to the latest statements, it is stated that hourly BNB balances will be recorded for seven days starting from 24 November 2022 at 03:00 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. At the end of the term, the maximum amount of BNB that can be committed will be determined. However, on December 1, 2022, between 09:00 and 12:00 CEST, registration on Launchpad will open. As a result, the token distribution will be made on December 1, as of 13:00 CEST.

One of the project's products is Wild Cash, the Quiz to Earn app, which rewards users with tokens for presenting their knowledge of crypto-related topics. At the same time, Hooked Protocol has a governance token called HOOK, as well as an incentive token called HGT. These two altcoin projects provide various tasks within the project. Hooked Protocol plans to use HOOK more broadly for the blockchain scalability solutions they will launch. The token sale timeline is as follows:

  • Preparation period: From 24 November 00:00 UTC to 1 December 00:00 UTC (as of 03:00 CEST)
  • Subscription period: 1 December from 06:00 UTC to 09:00 UTC (09:00 to 12:00 CEST)
  • Calculation period: 1 December from 09:00 UTC to 10:00 UTC (12:00 to 13:00 CEST)
  • Token distribution: 1 December 10:00 UTC (as of 13:00 CEST)

What is the Hooked Protocol for?

Hooked Protocol is building a community-driven social network with an on-chain tokenomic design. In addition, with all this, users are likely to have information on the ecosystem. It's the first pilot product to feature the Quiz to Earn experience and other gamified learning features. The name of this product is known as Wild Cash. It has achieved impressive growth with over 2 million monthly active users.

In addition, users can gain gains through games. In general, users can enjoy the social platform. Hooked Protocol first started on BNB Chain. Then it will expand to projects such as Solana, Avalanche, which is the other Layer-1 network.