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Binance is announcing the 29th project on Binance Launchpad - Hooked Protocol (HOOK). The token sale for Hooked Protocol will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2022-11-24 00:00 (UTC).

By the way, if you don’t have a Binance account yet - with this special partner link, you can get -20% trading fees. And, of course, an additional -25% if you use BNB.
 (https://accounts.binance.com/en/register?ref=TI4S3LD5)

https://cdn.rcimg.net/cryptotexty/18c6e68f/c73a500e403e8d85aacc3fc3479108b6.jpg?width=700

Binance will record user BNB balances for seven days from 2022-11-24 00:00 (UTC) to 2022-12-01 00:00 (UTC). The final BNB holding amount for each user will be determined as the average of the seven days, using the Daily Average BNB Balance calculation previously announced here.

HOOK Token Sale Details:

Token Name: Hooked Protocol (HOOK)

Launchpad Hard Cap: 2,500,000 USD

Hard Cap 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 prior to subscription)

Token Sale Format: Subscription

Supported Sessions: BNB only

Subscription Timeline:

Preparation Period 2022-11-24 00:00 (UTC) to 2022-12-01 00:00 (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a seven-day period. Your final average daily BNB balance over these seven days will determine the maximum amount of BNB that you can commit later on.

Subscription Period 2022-12-01 06:00 (UTC) to 2022-12-01 09:00 (UTC): Subscription will open at this time for all eligible users for a three-hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, 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 final token distribution.

Calculation Period 2022-12-01 09:00 (UTC) to 2022-12-01 10:00 (UTC): Subscription closes and token allocation calculation begins.

Final Token Distribution 2022-12-01 10:00 (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your HOOK and BNB tokens will both be transferred to your spot wallet.

To learn more about Hooked Protocol (HOOK), read Binance Research's in-depth report here.

Thanks for the information

I have not looked into this project yet but I am planning to.

This reminds me of the 2018 bear market when harmony, Matic, and a few others find their way to the binance launchpad, almost all projects from the binance launchpad became so big, I am not saying this will be the same, I expect everyone to do their research.

I feel like participating in this launchpad but the fear of this present market condition won't let me😆, holding BNB for the next seven days is a risk.

Just to remind those who may have an interest in this token. I saw the Binance Launchpad HOOK announcement is getting used as a scam material. Refer to this thread: [SCAM ALERT] Fake Binance Launchpad token listed on Pancakeswap (https://bitcointalk.org/index.php?topic=5422807.0). It is quite a pretty method noting some of the token investors might have a FOMO about this particular token in regard to the news, so, there is a scammer who tries to get benefit from this.

I don't know if there is another similar approach to this scam or if the method itself is already being used in the space, but just be wary, and make sure you get information from official sources.

It seems like that binance was starting its launch pad again after it has been in the silent mode for a few times due to the crypto market condition. Thank you for this news and i have been registered myself to get a spot but i didn't expect to get a big portion from there.

Waiting for this to did another airdrop for its users. I've been participating in the minting NFT for its community and i hope there will be a good news like it was launched through binance launch pad as well. Hopefully the trend for new project to be launched through launch pad will come again soon

It seems Binance Launchpad are back in action. Its been how many months since they did one and probably this will made a huge pump for bnb as people are looking for some big token sale and we all knew that Binance never did a poor project. For sure there will be many follow ups on this. But thinking about it. Maybe a recovery on market can be assume soon as usually Binance launching projects when the market started to go back on track.