Hooked Protocol Launchpad is gearing up for the launch of the second phase of the WOM (Word of Mouth) project.

The anticipated launch is scheduled for January 19, 2024, at 12 UTC, marking a significant step towards decentralisation, enhanced privacy, and the integration of crypto incentives, all driven by multi-chain functionality.

The WOM project introduces a dual-chain protocol token, combining BRC 20 and ERC 20 standards.

Hooked Launchpad holds a 20% allocation of the total project tokens, emphasizing its commitment to the initiative.

The initial social protocol technology of WOM is designed to seamlessly connect data from major social media users and multi-chain products, offering a unique approach to social networking.

WOM Token Structure

WOM operates as a BRC 20 + ERC 20 dual-chain protocol token, with Hooked Launchpad securing a 20% allocation of the total project tokens.

This allocation is further divided into two parts.

For the Hooked Education Launchpad's second project, the token allocation is divided into two categories.

The majority, 75% (equivalent to 15% of $WOM token supply), is reserved for participants in the first Hooked Education Launchpad.

The remaining 25% (5% of $WOM token supply) will be allocated to a new Launch Pool for the second Launchpad event.

The Launchpad itself will conclude its activities once the total token supply is fully allocated.

Additionally, a Launch Pool cap has been set at 1,000,000 $HOOK, highlighting the exclusivity and limited availability of participation slots.

Participation is granted on a first-come, first-served basis, adding a competitive edge to the event.

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Criteria

For the first criteria, participants from the first Hooked Education Launchpad are eligible for a 15% token allocation (of $WOM token supply).

This is verified through their staking wallet address and pre-submitted BTC PT2R wallet address.

Furthermore, these participants can benefit from a pre-staking-based reward eligibility, allowing them to claim a free 15% airdrop in this phase.

The airdrop share is allocated in proportion to their previous launch pool contribution, exemplifying Hooked Protocol's commitment to rewarding loyal participants.

Another way to qualify is through the second Launchpad event, where a minimum stake of 1,000 $HOOK tokens is required in the new launch pool, accompanied by a mandatory locked period of 7 days.

Staking-based reward eligibility is set at 1,000 $HOOK = 1 Reward Share (equivalent to 50,000 $WOM).

Staking limits per wallet address range from 1,000 $HOOK to 20,000 $HOOK.

These two qualifying criteria operate independently, providing participants with the flexibility to qualify for either one.

Participation

Participation in the Launchpad is subject to limited rewards distributed on a first-come, first-served basis.

Following successful verification, the respective $WOM tokens (BRC20) will be airdropped to pre-submitted BTC PT2R addresses, streamlining the distribution process for participants.

To participate in the Launchpad, a minimum stake of 1,000 $HOOK is required, with increments acceptable in multiples of 1,000 $HOOK.

Participants have the flexibility to increase staking amounts during active stakes, with strict adherence to original quantity input guidelines if augmentation occurs during the locked period.

Importantly, following the completion of the locked period, participants are granted the ability to immediately withdraw the entire staked amount.