The crypto exchange has listed the management token of the Hooked Protocol project, which creates game-based learning products for the mass adoption of Web3
The price of the Hooked Protocol (HOOK) token soared by 4900%, that is, 50 times – from $0.1 to $5 – in the first minute after the opening of trading on Binance, after which it dropped to a level of about $2, the price of the coin fluctuates around $2.1 on the exchange.
The Hooked Protocol is a protocol that offers educational and playful products for mass adoption of Web3 and creates an infrastructure for connecting businesses to decentralized networks.
Binance has announced the distribution of tokens to BNB holders through a subscription with a minimum deposit of 50 BNB ($14.7 thousand). More than 114,000 people signed up to receive HOOK, contributing a total of more than 9 million BNB ($2.6 billion), which exceeded the subscription limit by 1,066 times.
#Binance completes the @HookedProtocol subscription Launchpad and will open trading for $HOOK today Dec 1st at 02:30pm (UTC).
➡️ https://t.co/xY7o2XnMiq pic.twitter.com/OY5eVOVB9n
— Binance (@binance) December 1, 2022
Fellow Binancians,
The full token allocation results are now visible on the Hooked Protocol Launchpad Page thanks to Binance, which has finished the subscription format Launchpad for Hooked Protocol.
- During the subscription period, 114,772 individuals in total committed 9,010,765.2954 BNB, which is a 1,066x oversubscription.
- 3 participants exceeded the 150,000 HOOK hard cap, which caused the allocation for the participants to be distributed to the remaining users.
- As a reference for users that participated:
- Users that committed 50 BNB received an allocation of 139.444 HOOK and will have 0.04714612 BNB deducted.
- Users that committed 500 BNB received an allocation of 1,394.4430 HOOK, and will have 0.47146118 BNB deducted.
- Users that committed 5,000 BNB received an allocation of 13,944.4301 HOOK and will have 4.714612 BNB deducted.
Within 60 minutes after this announcement, the matching BNB tokens will be deducted from your locked BNB balance. Your HOOK and the remaining BNB tokens will be transferred to your spot wallet after being subtracted.
Hooked Protocol (HOOK) will be listed by Binance in the innovation zone and trading for the HOOK/BTC, HOOK/USDT, HOOK/BUSD, and HOOK/BNB trading pairs will begin at 14:30 on December 1, 2022. (UTC).
As a result, as a result of the proportional distribution of tokens, users received 139 HOOK for every 50 BNB they put into the subscription. The platform deducted 0.047 BNB from them each, and returned the rest of the pledged funds.
The price of the token was set at 1 HOOK = 0.0003381 BNB or $0.1. Coin trading began in the following trading pairs: HOOK / BTC, HOOK / USDT, HOOK / BUSD and HOOK / BNB.
In mid-October, after the opening of trading on Binance, the Aptos cryptocurrency also rose in price : its rate soared by 10 thousand% in the first minute.
Day one update:
Today has been exciting. Thank you for all the support!The Aptos network has been performing as expected and will see increased activity as ecosystem projects onboard and get going.
— Aptos (@Aptos_Network) October 18, 2022
