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Binance fulfills its promise by launching new project on Launchpad: Hooked Protocol HOOK, BNB surges over 15% in a single day

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Binance fulfills its promise by launching new project on Launchpad: Hooked Protocol HOOK, BNB surges over 15% in a single day

On 11/4, Binance co-founder He Yi stated: "In response to the community, Binance promises to seek out reliable projects." Binance launched new activities for its Launchpad token issuance platform, IEO (Initial Exchange Offering), and Launchpool token mining platform. On 11/23, Binance indeed announced the launch of a new Launchpad project: Hooked Protocol (HOOK), causing BNB to surge over 15% in a single day.

What is Hooked Protocol HOOK?

While most people don't really care about what projects are being launched on a Launchpad, but rather how to get more allocation, it's still good to have some understanding, right?

Reportedly, Hooked Protocol is a Web3 gamified learning platform that allows enterprises and users to customize products for Learn and Earn, where users can earn rewards while learning. It currently has a beta product called Wild Cash.

Launchpad Rules

  • 11/24 08:00 Start calculating BNB holdings
  • 12/1 14:00 to 17:00 for subscription
  • Each user can invest up to 15000 USD or 150,000 HOOK

The Launchpad will distribute the subscription amount based on the proportion of BNB holdings, with larger holders receiving more. Investors are advised to evaluate carefully and be aware of speculative risks.