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Binance Announces Hooked Protocol as 29th Project on Its Launchpad
Binance has announced Hooked Protocol (HOOK), the 29th project on the Binance Launchpad. According to the prominent crypto exchange, the token sale for Hooked Protocol will follow the Launch subscription format. In addition, the recording of the user BNB balances will begin tomorrow, November 24th.
Regarding its Hooked Protocol initiative, Binance stated that it would record user BNB balances for up to seven days. In addition, the platform will use the final BNB holding amount for each user to determine the average. Binance also provided the Daily Average BNB Balance calculation it will use to assess the user BNB holding amount.
Binance and Hooked Protocol
According to Binance, Hooked Protocol looks to build an on-ramp layer for massive Web3 adoption. The initiative also seeks to provide tailored Learn & Earn products. Lastly, Hooked Protocol aims to onboard infrastructures for users & businesses
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