Hooked protocol (HOOK)- A new project on Binance launchpad.
25-11-22
Exchanges always keep attractions for users to be intacted and on board mostly. These app offers different promo's and give aways in this regard. Binance is big name in Crypto exchanges which also gives different opportunities to the users. It can be as crypto box , $ 1 game , free NFT, refferal bonus, woodel , launch pool , learn & earn , farming and launch pad where users participate and get free Crypto.
Binance announced its 26th project on launchpad. It comes after long interval and I think after GMT launch it is biggest opportunity for binancians.
Hooked protocol with utility token $HOOK has been announced on binance launchpad.
It is in preparation for a week where users asked to stack BnB for subscription. A fair offer for minimum 0.1 BnB and maximum $15000 ( BnB) for one user.
Hook project offers 25000000 tokens at the price of $ 0.1/ 1 HOOK initially will be to grab.
Users asked to commit BnB against their interest and daily snapshot of spot wallet will be taken by system till next seven days. The 5% of the total supply will be distributed to users who commits BnB according to share.
It will be first of December 2022 at 11.00 UTC when officially subscription period will end and system will calculate the share of each participant according to BnB commit. Same day after some four hours token distribution will resume and within next two hours all the transactions will be completed.
The Hook token will be available for trade with BTC, USDT, BnB and BUSD pairs effecting from first December 16.00 UTC. The users who missed the ride could be able to buy on spot trade. Also the BnB remain after deducting in committing will be available in spot wallet to buy in initial stage.
The full token release will be completed in 7 year time and last token will be released in December 2029. The share of binance launchpad , private sale, core team and community divided according to white paper schedule.
Private sale price has been limited from $0.6 to $0.8 which means those who will participate in launchpad has chance to gain good returns.
How launchpad works.
Adding here the info about the binance launchpad algorithm that how it works. Clearly can see the transparency of system that how it calculate against the commit BnB and average daily BnB snapshot and then BnB deductions for launchpad tokens.
Useful links.
Website: hooked.io
White paper: hooked.io/ whitepaper
Tweeter: Tweeter/ hooked.io
Discord: hooked.io/ hooked room
Binance research report: Binance report
Early to go , more chances to get best rewards but It is not a financial advise. Do your research before any investment in Crypto. No liability for any lose.
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Oh it is pretty nice to be acknowledge from what is heppenig in the world of crypto but I don't use binance now a days I ams seeking about staking rewards on Coinbase which are pretty rewarding and fun 😊 don't forget to leave your comment about staking sir .