Binance has unveiled its 29th Launchpad, namely Hooked Protocol (HOOK). This project develops means of education in Web3, in particular thanks to a concept of “quiz-to-earn”. Let’s see how to participate in this new launchpad in order to earn HOOK tokens.
Hooked Protocol (HOOK) lands on the Binance Launchpad
The 29th Binance Launchpad will focus on the launch of the Hooked Protocol HOOK token. Binance launchpads are open to all exchange users if they own BNB on the platform.
The principle is simple: investors are authorized to buy a calculated quantity of tokens based on their BNB holdings before its official launch. This makes it possible to realize a capital gain if the launch is a success, and to sometimes record good multiples. However, keep in mind that as with any investment, winnings are not guaranteed in advancewhich is also in the bear market.
How to participate in this launchpad?
Every Binance Launchpad starts with a period of preparation, during which the average BNB held by each user is calculated. In this case, the calculation started from this November 24 at 1 a.m. Paris time, and ends on December 1 at the same time.
A snapshot is taken every hour to calculate the daily BNB average of each Binance user:
Hooked Protocol Binance Launchpad Preparation Period
From the December 1 between 7 a.m. and 10 a.m. Paris time, it will then be possible to deposit your eligible BNB in the Binance Launchpad. After that, a calculation period will be triggered, then the HOOK tokens will be distributed to participants the same day at 11 a.m..
The HOOKs will be sold at the price of $0.1 each. If we take a completely arbitrary example where a participant with 500 dollars of BNB would be eligible for 100 HOOK, Binance Launchpad will then convert 10 dollars of BNB into a HOOK. This participant will then have to wait for the official listing of the HOOK token on Binance, to hope to realize a capital gain.
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What is Hooked Protocol (HOOK)?
Hooked Protocol is intended as a developing ecosystem learning tools on various blockchain-related concepts such as Web3, non-fungible tokens (NFT) or GameFi for example.
The project has already deployed an application called Wild Cash, which allows get crypto rewards through quizzes. Hooked revolves around 2 tokens: the HGT as a reward token for its various applications, as well as the HOOK as a governance token.
Regarding the HOOK, no blocking period will be required after launch on Binance. This means that Launchpad participants will be able to sell it, if they wish, as soon as it is listed.
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Source: Binance
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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