Hooked Protocol (HOOK) – How and Where to Buy?

Hooked Protocol

$0.07

HOOK 4.31%

Buy HOOK

Project Name: Hooked Protocol (HOOK)

Website: Official

HOOK Whitepaper: Official Documents

Maximum Supply: 500,000,000 HOOK

Founding Year: 2022

Market Cap: $26,825,501

Total Supply: 500,000,000 HOOK

Circulating Supply: 263,915,398 HOOK

Supported Blockchain Networks: Hooked Protocol (HOOK) is deployed on BNB Chain and aims to grow its community by offering gamified experiences to users.

Exchanges Where It Can Be Purchased: Hooked Protocol (HOOK) is traded on numerous cryptocurrency exchanges worldwide. Some prominent exchanges include: Binance, MEXC, KuCoin, HTX, Gate.io and many other cryptocurrency exchanges.

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At Verified-Referrals, we will discuss Hooked Protocol (HOOK) in this article. HOOK has an eagerly awaited pre-sale on Binance and is an important project aiming to promote the adoption of Web3.

HOOK is a protocol that stands out in the crypto world. So, what is HOOK? HOOK aims to pave the way for Web3. Web3 is seen as the future of the internet, envisioning a decentralized internet where applications, blockchain, and cryptocurrencies take center stage.

As we take a closer look at the project, we will explore important questions such as who the founders are and who the partners are. Continue reading our article to learn more about the details and future promises of Hooked Protocol. Enjoy your reading!

What is Hooked Protocol (HOOK) and What Does It Do?

Hooked Protocol (HOOK) is a Web3 onboarding platform that uses gamified education to drive mass adoption. Through tools like Hooked Academy (short videos and quizzes), Quiz-to-Earn dApps, and Proof-of-Work & Time (POWT) mining games, it simplifies learning about blockchain, NFTs, and DeFi for newcomers.

To better understand the project, let’s take a look at the following features:

• Educational Techniques: Hooked Protocol provides gamified learning experiences about Web3 technology through resources like Hooked Academy. This allows users to learn about the Web3 world in an enjoyable manner while enhancing the community’s knowledge.
• Innovative dApp Integrations: The project has developed its first dApp based on Quiz-to-Earn mechanics. This enables users to earn rewards by solving fun quizzes. Such gamified reward mechanics can increase community interaction.
• Other Existing Products: In addition to the above features, Hooked Protocol offers various products and services such as POWT (Proof of Work & Time) Mining Game, trading, and exchange services. This diversity caters to different user needs and interests.

Furthermore, Hooked Protocol’s pre-sale on Binance may have provided a successful start for the project, offering advantages to early investors and supporters, thereby contributing to community growth.

Purpose of Using Hooked Protocol

Platform Governance: Holders of $HOOK can contribute to the governance of the Hooked Protocol platform. This allows users to participate in shaping the future development of the platform and provides access to airdrop rewards for valuable contributions. $HOOK is also used for staking to earn rewards from platform revenues.

• Ecosystem Gas Fee/Payment: Hooked Protocol provides infrastructure developing Layer 1 solutions for dApps, and $HOOK is used as a payment tool for in-game purchases on this platform. In the future, all projects built on Hooked must use $HOOK tokens for on-chain transactions.
• Right to Participate in Exclusive NFTs: HOOK token holders have the right to participate in the platform’s exclusive NFT acquisition events. This encourages holders to access exclusive NFTs and earn valuable incentives.

These use cases demonstrate how the HOOK token can be utilized to contribute to platform governance, serve as a payment tool, and provide access to exclusive benefits within the ecosystem. These varied use cases enhance the token’s value within the ecosystem and offer users various opportunities.

Who are the Founders?

Upon closer examination of the founders of Hooked Protocol, we can highlight names known for their experience and achievements:

1. Jason Y (CEO): Jason Y is a seasoned leader with over 10 years of experience, having previously worked at prominent companies like Uber and Meta. He has played a significant role in developing products reaching over 100 million users.
2. Mike Y (CTO – Chief Technology Officer): Known for his technological creativity, Mike Y serves as the Chief Technology Officer of Hooked Protocol, guiding the project’s technical direction with deep expertise in technology.
3. Jess L. (CMO – Chief Marketing Officer): Jess L. serves as the Chief Marketing Officer of Hooked Protocol, contributing to the project’s expansion and visibility with expertise in marketing strategies and community management.

This talented team plays a crucial role in the successful development and growth of Hooked Protocol. Each brings expertise in their respective fields, working with a strong vision to achieve the project’s goals.

Who Are the Partners?

The future looks promising for Hooked Protocol due to its strong partnerships. These partners include Binance (via Launchpad and Labs), Sequoia Capital, and Whampoa Investment Company. These strategic collaborations contribute to the growth and expansion of Hooked Protocol. With continued support from these partnerships and well-managed investments, the future success of Hooked Protocol could be bright.

HOOK Token Analysis

HOOK Token stands out with its notable features:

• Gamified Onboarding: Quiz-to-Earn and POWT mechanics drive user engagement for Web3 education.
• BNB Chain Native: Low fees and fast transactions suit gaming/dApp focus.
• Triune Tokenomics: HOOK (governance), HGT (utility), SBT (identity) for layered utility.
• Community Rewards: 25% allocation funds airdrops and incentives.
• Market Volatility: ATH $4.06 in Dec 2022; current $0.10, down 97% but with recovery potential via adoption.

HOOK Token | Purpose – Advantages

The purpose of Hooked Protocol is to accelerate Web3 mass adoption through engaging, reward-based learning. Here are its advantages:

• Gamification: Fun quizzes and games lower entry barriers for newcomers.
• Governance: Staked HOOK enables DAO voting and revenue shares.
• Ecosystem Utility: Gas for dApps, NFT access, and staking yields.
• Partnerships: Backed by Binance Labs and Sequoia for credibility and growth.
• Scalability: BNB Chain integration supports high-volume interactions.

Basic Use Cases

HOOK token offers versatile functions within the platform:

• Governance: Vote on DAO proposals and earn from protocol revenues.
• Staking: Lock HOOK for yields and airdrop eligibility.
• In-Game Payments: Buy items/upgrades in Quiz-to-Earn and mining games.
• NFT Access: Exclusive drops and events for holders.
• Trading: Buy/sell HOOK on exchanges like Binance or MEXC.

HOOK Token Investment Evaluation

Hooked Protocol’s focus on Web3 education via gamification positions it for growth in user onboarding. At $27M market cap and $0.10 price, it’s speculative with upside from Binance ties, but vesting (team unlocks post-2024) and competition from other learn-to-earn (e.g., RabbitHole) add risks. Ideal for believers in Web3 adoption; DYOR on token emissions.

Future of HOOK Token

Hooked’s roadmap targets DAO governance (2023), wallet integrations, and AI SDK for partners (2024-2025). With 290M circulating supply and ecosystem expansions, 2025 forecasts $0.15-$0.50 if user growth hits 100M+. BNB Chain synergies and Web2-Web3 bridges could boost, but market sentiment key.

Hooked Protocol (HOOK) Roadmap

Hooked Protocol’s roadmap clearly outlines the project’s future goals and plans. Currently, the main highlights of the project’s roadmap are as follows:

As of 2023, Hooked Protocol aims to establish its DAO-style governance structure and introduce various applications, positioning itself as one of the Web3 communities.

Throughout 2023 and 2024, the project’s priority is to offer more gamified experiences, collaborate with Web3 projects, and expand its community through partnerships and collaborations.

In the long term, Hooked Protocol plans to take significant steps such as wallet solution integration and developing various other solutions.

This roadmap reflects Hooked Protocol’s strategies for growth and development. The project aims to advance its plans for increased interaction, collaboration, and user experience in the Web3 world.

How is the HOOK Token Allocated?

The Hooked Protocol (HOOK) token is minted and distributed according to a specific distribution model. With a total supply of 500,000,000 coins, HOOK currently exceeds a market value of $27 million. The token distribution is as follows:

• 20.00%: Private Sale – This portion is reserved for token sales events, offering investors the opportunity to purchase tokens at a specified price.
• 5.00%: Binance Launchpad Sale – Hook Coin is launched on the Binance Launchpad, making the token accessible to a broader user base.
• 25.00%: Community – This portion is allocated to the Hooked Protocol community. Members are rewarded for contributing to the project’s development and governance.
• 30.00%: Ecosystem / Treasury – This section supports the project’s economic ecosystem and establishes a treasury for future developments.
• 20.00%: Team – The project team plays a crucial role in its success and therefore receives a specified token allocation.

This token distribution model reflects Hooked Protocol’s economic structure and ensures distribution among different user groups. This information helps in understanding the project better and enables token holders to track future developments.

Hooked Protocol (HOOK) Use Case

Hooked Protocol is a token used within its ecosystem to reward users. While this token has an infinite supply, it is limited to uHGT (liquid token with BUSD).

Some use cases for HGT include:

• Paid Quiz-To-Learn: HGT supports learning experiences through paid quizzes, rewarding users with prizes.
• Referral Program: Users can earn rewards by inviting friends to the Hooked Protocol ecosystem.
• Mini Games: HGT can be used for payment within ecosystem mini-games, such as Bitcoin POW simulation mining game.
• In-Game Transactions: HGT can be used to purchase, sell, or upgrade in-game items.

Additionally, HGT can be converted to uHGT, a measure showing user contributions within the ecosystem. This allows more active users to unlock tokens faster, encouraging community interaction and ecosystem growth together. These features highlight various use cases and the importance of HGT within the ecosystem.

Frequently Asked Questions