Binance Announces IPO for “Hooked Protocol” Project and Cryptocurrency “HOOK”
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Answer Binance Announces IPO for “Hooked Protocol” Project and Cryptocurrency “HOOK”
Binance announced a new IPO for a new crypto project called “Hooked protocolHis digital currency is called “HOOK.”
As for the subscription of this project, it will be the same as its predecessors, and will follow the usual Binance method of subscriptions, which is based on BNB balance.
Subscription will start today, Thursday, November 24, 2022.
Binance will record the balances of users holding BNB for a period of 8 days starting at 00:00 at night November 24 UTC until December 1, 2022.
The final amount of BNB per user will be determined as an 8-day average, using the daily average calculation of the BNB balance held in the wallet over the said period.
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HOOK digital currency subscription details:
- Cryptocurrency name: HOOK.
- Subscription target: to raise $2.5 million.
- Maximum limit per user: 15,000 USD.
- Total supply of digital currency: 500,000,000 HOOK.
- Total tokens to be subscribed to on Binance: 25,000,000 HOOK (5% of the total supply).
- Public sale price: 1 HOOK is $0.1 while the price in BNB will be determined before you sign up.
About the “Hooked Protocol” project:
Hooked Protocol builds the on-ramp layer of Web 3.0 adoption, providing Learn & Earn products and the combined infrastructure for users and businesses to enter the new world of Web3.
The Hooked Protocol adopts an innovative digital currency-based (HOOK) architecture, complemented by an auxiliary digital token (HGT). The HOOK digital currency is the governance token of the ecosystem.
Hooked Protocol builds a product experience tailored to grow the community through the adoption and education of Web 3.0, while integrating enterprise-grade infrastructure on the Web 3.0 platform.
The project’s mission is to create an attractive ecosystem for future community-owned economies.
Hooked Protocol raised nearly $6 million from two rounds of private token sales earlier this year, with 20% of the cryptocurrency going to private sales.
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HOOK IPO SCHEDULE:
Preparation period:
The subscription begins, as indicated above, today, November 24, 2022, and continues until December 1, 2022.
During this period the BNB balances are credited to the users’ wallets and the calculation is done for a period of 8 days.
Subscription period:
It starts on December 01, 2022 at 07:00 AM UTC to 10:00 AM.
The subscription at this time will be open to all eligible users for a period of 3 hours, which we will note in Arab Bitcoin channel on Telegram.
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Users must also sign a currency purchase agreement.
Please note that once you commit and enter the subscription period, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until the final distribution takes place.
Final Distribution Period:
The final distribution of the subscribed digital currency will be on December 01 at 11:00 am (UTC).
The final token allocation will be credited to the subscribers’ wallet and the corresponding BNB will be debited.
Once debited, both your HOOK and BNB coins will be transferred to your spot wallet.
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