.binance Coin $BNB soars 17% as a new project starts on BinanceLaunchPd
, Binance has shared details of the upcoming token sale of HOOK, a native cryptocurrency of the Hooked Protocol.
The token sale will be conducted as a lottery as with the previous projects launched by Binance on its platform. Recording participants' BNB balances will begin today at 00:00 UTC and last until the same time on Dec. 1. Snapshots of balances will be made on an hourly basis during that period of seven days.The overall amount of HOOK coins allocated to Binance Launchpad is 25 million, which is 5% of the overall supply of this token – 500 million HOOK. The price of one token is $0.
Among earlier projects that first set out on Binance Launchpad was Polygon . At the time of this writing, it is rising over a modest 5%.
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