Today, cryptocurrency exchange Binance has opened entries for the Hooked Protocol (HOOK) token sale on Launchpad. After the token sale process, it saw phenomenal price increase on Binance.
HOOK, which entered the list of the largest crypto exchange Binance, made 50x!
As you may recall, Binance announced Hooked Protocol, which will be Launchpad’s 29th project on November 23. The exchange announced that after the token launch on Launchpad, the stock market listing will come. Thus, HOOK would take its place among the altcoins listed on Binance. This listing took place today. In addition, extraordinary movements occurred in the price of the token.
Participation has been opened in the Hooked Protocol (HOOK) token sale on Binance Launchpad. The pre-sale process remained open for 5 hours. The token, released by Binance at 17.30 CET, was sold at a price of $ 0.1. However, HOOK saw $5 doing nearly 50x on Binance. However, it later experienced a price drop. At press time, the altcoin is currently trading around $2.10.
Giving information about the Hooked Protocol (HOOK) sales process on Launchpad today, Binance stated that BNB should be locked for about 7 days in order to have the right to buy. After the listing of the token, investors were given the opportunity to trade with 3 different trading pairs: HOOK/BTC, HOOK/USDT and HOOK/BUSD. Meanwhile, the token has a total supply of 500 million. However, Binance has only allocated 25 million tokens for the pre-sale.
What is Hooked Protocol (HOOK)?
Hooked Protocol provides special ‘Leran and and Earn’ products and onboarding infrastructures for users and businesses to enter the new world of web3. Thus, it builds the ramp layer for mass Web3 adoption. Wild Cash, the first pilot product with a Quiz-to-Earn experience and other gamified learning features. This product has achieved impressive growth with over 2 million monthly active users. Hooked Protocol adopts an innovative single token (HOOK) oriented structure, powered only by the intra-ecosystem utility token HGT (Hooked Gold Token). HOOK is the ecosystem’s governance token.
The mission of the project is to create an engaging ecosystem of future community-owned economies. It provides its users with Web3 emulation experiences that enable them to join crypto buzz industries such as NFT and GameFi. HOOK is Hooked Protocol’s native cryptocurrency. This coin serves as the protocol’s governance token. By the way, let’s also mention that it uses BNB Chain. The total HOOK supply is limited to 500 million units.
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