world’s largest cryptocurrency exchange Binance, despite the bearish trend and turmoil in the market, is new to its Launchpad. your altcoin announced.
Altcoin Will Be Distributed via Binance Launchpad Subscription System
The exchange made the announcement of the new altcoin as follows:
“Binance is the 29th project on Binance Launchpad. Hooked Protocol (HOOK) excited to announce. The token sale for Hooked Protocol will follow the Launchpad subscription format and registration of user BNB balances will begin at 03:00 Turkish time on November 24, 2022.
Binance will record user BNB balances for seven days between November 24, 2022 at 03:00 in Turkey and December 1, 2022 at 03:00 in Turkey. The final BNB holding amount for each user will be determined as an average of seven days using the Average Daily BNB Balance calculation previously announced here.”
The cryptocurrency exchange also announced the details of the new altcoin:
“Token Name: Hooked Protocol (HOOK)
Launchpad Fixed Upper Limit: 2,500,000 USD
Fixed Upper Limit Per User: 15,000 USD (150,000 HOOK)
Total Token Supply: 500.000.000 HOOK
Total Tokens Allocated to Binance Launchpad: 25,000,000 HOOK (5% of Total Token Supply)
Public Sale Token Price: 1 HOOK = 0.1 USD (price in BNB will be determined before subscription)
Token Sale Format: subscription
Supported Sessions: BNB only”
Among the previous projects that made their debut on Binance Launchpad was Polygon (MATIC).
Introducing the @HookedProtocol $HOOK Token Sale on #Binance Launchpad!
➡️ https://t.co/sVx5Xkv2eX pic.twitter.com/gD7EUmHfT6
— Binance (@binance) November 23, 2022
Hooked Protocol aims to create a stepping stone for mass adoption of Web3. The initiative also aims to offer specially designed Learn and Win products.
Finally, Hooked Protocol aims to establish infrastructures for users and businesses to step into the new world of Web3. These goals, grouped under three headings, include Web3 community gateway, gamified learning experience and application infrastructure.
*Not investment advice.
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