Dear Readers,
The HOOK Protocol (HOOK) has been introduced in the Binance launchpad on 1 Dec 2022.
Basically HOOK is a gaming based protocol. It aims to promote learning based games and create opportunities for earning while gaming.
It is widely anticipated that the gaming based (Web 3 projects) token would spike a lot in the next bull market!
Though it is not a novel project, Binance is also aiming to have a project in this space.
They would release 25 million HOOK Tokens and the sale price is 0.1 USD/ token. This accounts only 5% of the total supply.
If you are interested to purchase this you need to subscribe this. The subscription amount is calculated on how much BNB that you have hold in your Binance account for the past one week.
Many would explore the profits it two ways- by buying HOOK token or mere selling BNB at hike.
Lets see this two scenarios to understand a little depth to prepare for the future launchpad projects.
During the subscription period, the available BNB tokens would temporarily blocked for few hours. Automatically the BNB token rates would be bumped. So, most of the people would make profits with the sales in the higher price and would again buy it at cheap in the dump that would be followed. But it is a pure act of gamble and would directly attached to the market conditions. One should not engage like this if you are not familiar with this kind of activity.
The sale is very similar to the sales of League of Kingdoms (LOKA) that happened in the past. Only the price of the token varied according to the market condition. One should not forget that the LOKA token climbed from its launch price of USD 0.16 to 3.6$ with a whooping profit!
Like the LOKA project, the HOOK token was jumped immediately over $ 2.8 which is almost 2700% hike.
So readers, look forward and be prepared for the Binance launchpad projects in the future!
See you at the next article with an interesting topic.