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Subscription for the Hooked Protocol (HOOK) Token Sale on Binance Launchpad Is Now Open

Subscription for the Hooked Protocol (HOOK) Token Sale on Binance Launchpad Is Now Open

2022-12-01 06:07
Fellow Binancians,
Subscription for the Hooked Protocol (HOOK) token sale on Binance Launchpad is now open and will remain open for five hours. Users can check their eligibility and commit their BNB to the Hooked Protocol (HOOK) token sale based on their past seven-day average BNB holdings. The BNB rate for the HOOK token sale has been set below.
The subscription period has been extended for two hours due to time conflict with crediting BNB to users’ accounts from Hashflow (HFT) Launchpool. Please note users may commit their BNB anytime during the subscription period, and have a fair chance in receiving Launchpad allocation as per the calculation rules.
After the subscription is complete, Binance will list Hooked Protocol (HOOK) in the innovation zone and open trading for HOOK/BTC, HOOK/USDT, HOOK/BUSD and HOOK/BNB trading pairs at 2022-12-01 14:30 (UTC).
Further information:
  • 1 HOOK = 0.0003381 BNB or 0.1 USD (using a BNB price of 295.8 USD).
  • Users will have five hours to subscribe by committing their BNB tokens between 2022-12-01 06:00 (UTC) and 2022-12-01 11:00 (UTC). Users must also sign the HOOK Token Purchase Agreement prior to committing their BNB.
    • The maximum amount of BNB that each user can commit has been calculated based on their past seven-day average BNB balance.
    • Important: Only BNB in user spot wallets can be used to commit. If your BNB is in other accounts such as Launchpool or BNB Vault, you will need to redeem them to your spot wallet first before committing.
    • 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.
  • After the subscription period ends at 2022-12-01 11:00 (UTC), the HOOK token allocation calculation will begin and will take a total of one hour.
  • The final HOOK token allocation results will be revealed at 2022-12-01 12:00 (UTC), at which point the respective BNB will be deducted from your already-locked BNB amount within 60 minutes. Once deducted, your HOOK and remaining BNB tokens will both be transferred to your spot wallet.
  • Reminder: There is a hard cap of 15,000 USD (150,000 HOOK or 50.715 BNB) that can be allocated per user. For detailed calculation rules, click here.
  • The Hooked Protocol (HOOK) BEP-20 smart contract is available here.
Read more:
Please note that Binance Labs has an investment interest in Hooked Protocol.
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale.
* Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform:
Belarus, Cuba, Democratic Republic of Congo, Iran, Iraq, New Zealand, North Korea, South Sudan, Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.
Thanks for your support!
Binance Team
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.