$HOOKS token

Avax Hooks ($HOOKS) is the official token of AvaxHook. The protocol's revenue is used to buy $HOOKS back from the market and burn it, so the more the launchpad is used, the more $HOOKS leaves circulation.

#Token details

$HOOKS is launched on AvaxHook itself, from the same deployer address that deployed the protocol contracts. It follows the same rules as every other launch: 1,000,000,000 supply, a fair bonding curve, no team allocation and locked liquidity once it graduates to Uniswap.

#Where protocol revenue goes

The protocol earns from two sources:

• The launch fee paid when a token is created.
• The fixed 0.3% protocol fee on every trade, on the curve and in Uniswap pools.

That revenue is used to buy back and burn $HOOKS:

1. 1

   Fees collect

   Launch fees and the 0.3% protocol fee accumulate with the protocol.
2. 2

   Buy $HOOKS

   The protocol uses that revenue to buy $HOOKS on the market.
3. 3

   Burn

   The $HOOKS it buys is burned for good, shrinking the supply.

Creator fees, LP fees and every hook's own cuts are untouched: they still go to creators, liquidity, pots and burns exactly as described in Fees.