Hooked Protocol HOOK
About
What Is Hooked Protocol (HOOK)?
Hooked Protocol is the pioneering immersive edutainment network to onramp the next billions of people into Web3. Hooked’s mission is to drive Web3 massive adoption by providing immersive, gamified, and social learning experiences.
Hooked offers a seamless and intuitive onboarding path for both learners and builders through offerings of 3 focuses of their businesses: Infrastructure, Academy & Ecosystem.
As of now Hooked has launched 3 dApps and products: Wild Cash, a Quiz-to-Learn Web3 bootcamp product for elementary learners with over 3 million monthly active users; ToDaMoon, a livestreaming Learn-to-Earn product for preparatory learners with 1,000,000 total competition participation; Hooked Academy Sensei, a Learn with AI-Sensei & exploratory learning product powered by AI technology with over 100,000 registered learners.
Hooked is also developing itself towards substantial development of Web3 onboarding infrastructures to onramp builders, and meanwhile forging powerful partnerships and robust economic vitality within the ecosystem to boost massive adoption.
Hooked tokenomics adopts a segregation strategy by applying a single token (HOOK) oriented structure, reflecting real value and enabling common use case functions, to avoid the scenario where pump and dump schemes happen.
HOOK is the only governance token with liquidity in the ecosystem, designed to reflect the value that flows across the Hooked platform with limited supply and scheduled emission scheme.
HOOK’s long term value is tied with the confidence people hold for the project, and the supply of HOOK is fixed and designed to be deflationary.
HOOK token utilities are mostly built in for community governance, gas tokens for platform on-chain activities, staking incentives as holding rewards, social elements demonstrations with status signaling and individuality, and for more long-range objectives, valuable innovations contributing to the ecosystem thriving. More details about our token $HOOK, please refer to: https://hooked-protocol.gitbook.io/hooked-protocol-whitepaper/hooked-tokenomics/hook
With its academy, infrastructure, and ecosystem, Hooked aims to revolutionize Web3 education and bring new forces to onboard Web3.
Who Are the Founders of Hooked Protocol?
The Hooked Protocol team consists of three key people: Jason Y. (Founder), Mike Y. (CTO) and Jess L. (CMO).
Jason Y has 10 years experience in growth strategy and consumer internet at Uber and Meta; Mike Y is an engineer with a background in large-scale financial services and consumer product development; Jess L. has experience in Silicon Valley's leading technology organizations (including Uber and Google), and she specializes in marketing, strategy and business development.
What Makes Hooked Protocol (HOOK) Unique?
Hooked Protocol offers tools to facilitate the use of Web3 by users.
- Hooked Soulbound Token (Hooked SBT): A web3 "passport" that can only be minted once and cannot be transferred.
- Hooked Wallet: A crypto wallet that facilitates storage, transactions, and other activities related to Hooked Protocol.
- On-chain data storage: The project's data is stored on BNB Chain and is accessible to all users.
Hooked solution, unlike other social-fi products, aims to provide easy, enjoyable Web 3 accessibility for Web 2 users by some following competitive advantages:
Fast-growing community gateway for Web3 onboarding: Hooked is building a set of user-facing products with intriguing incentives and gamified experience for
new user onboarding. Social referrals play a key role in community formation. The sharing process enables users to establish a web3 social graph and monetize it.Onboarding solutions for business: Hooked's integrated infrastructure will provide seamless Web3 onboarding solutions for businesses.
Web3 Gamified Social Learning Platform to well match between education and entertainment
How Many Hooked Protocol (HOOK) Coins Are There in Circulation?
$HOOK is Hooked’s native cryptocurrency; it’s used to govern the Hooked Protocol. The HOOK token is deployed on the BNB Chain and has a total supply of 500,000,000 coins, which are distributed as follows:
30% to Ecosystem / Treasury;
25% to the Community;
20% to the Team and Advisor.
20% to Private Sale;
5% to Community Sale (Binance Launchpad Sale);
The token sale started on November 24, 2022 and lasted until December 1, 2022 on the Binance Launchpad platform.
Hooked users can use $HOOK tokens to: Govern the platform via voting; Pay the network’s gas fees; Access exclusive events, perks and products, including NFTs; Buy in-game tools.
Additionally, users receive any staking rewards in HOOK tokens.
How Is the Hooked Protocol Network Secured?
What can Hooked Protocol (HOOK) be Used For?
HOOK token utilities are mostly built in for community governance, gas tokens for platform on-chain activities, staking incentives as holding rewards, social elements demonstrations with status signaling and individuality, and for more long-range objectives, valuable innovations contributing to the ecosystem thriving.
Governance platform token for Hooked ecosystem
One of the most fundamental utilities of HOOK will be community governance, representing stakes and votes in ecosystem proposals.
Gas token for Hooked Application Rollup
As we are building rollup infrastructure on top of L1s to support our DApp ecosystem, HOOK will be used as the gas token for all economic activities.
In the future, all DApps in the ecosystem built on top of Hooked platform will also be using HOOK as the gas token for on-chain transactions.
Access token for exclusive NFTs and privileges of community events
Community members will be motivated to hold tokens to get access to exclusive community events and grants to purchase limited editions of platform NFTs, which demonstrate community social status and network impacts.
Furthermore, HOOK will be put into innovation practices which overall benefit the ecosystem of both individual participants and businesses, ensuring considerable liquidity and token value will grow in direct proportion for the success of the whole community.
Where Can You Buy Hooked Protocol (HOOK)?
At the time of writing, Hooked Protocol (HOOK) is listed on a number of crypto exchanges, including Binance, Gate.io, Bybit, Bitget, LBank, MEXC, BitMart, NovaDAX, Bitrue, Hotcoin Global, Mandala Exchange, CoinW, BingX and ZT.
Discover the latest news, crypto insights and trading analysis with the CMC Alexandria.
Check out the top six NFT marketplaces.
Check out the top BNB Chain tokens by market capitalization.
AI Analysis
What is the Hooked Protocol (HOOK) cryptocurrency good for? What are its main use cases?
The Hooked Protocol (HOOK) is a cryptocurrency that aims to facilitate learning and engagement in decentralized finance (DeFi) and Web 3.0. It is designed to create a user-friendly ecosystem that helps onboard users into the world of blockchain technology. Here are some of its main use cases:
Learning and Education: HOOK serves as an incentive for users to learn about blockchain and cryptocurrency through interactive content and educational modules. Users can earn HOOK tokens by participating in quizzes, tutorials, and other learning activities.
Gamification: The protocol utilizes gamification techniques to engage users. By incorporating elements of gaming, such as rewards and challenges, it encourages participants to interact with the platform, thereby increasing their knowledge and experience in the crypto space.
Rewards and Staking: HOOK tokens can be used for staking within the ecosystem, allowing users to earn passive income. Users may also receive rewards for completing certain tasks or reaching specific milestones in their learning journey.
Community Building: HOOK promotes the development of a community around learning and sharing knowledge about cryptocurrencies and decentralized technologies. The token can foster engagement through various community-driven initiatives, discussions, and events.
Decentralized Applications (dApps): HOOK may be utilized in decentralized applications built on top of the Hooked Protocol. This allows developers to create and integrate various services that leverage the token's utility.
Access and Participation: Holding HOOK tokens may grant users access to exclusive features, content, or events within the platform, encouraging broader participation in the ecosystem.
Overall, the Hooked Protocol aims to bridge the gap between novice users and the complex world of blockchain technology, making it easier for individuals to understand and participate in the cryptocurrency market.
What blockchain does Hooked Protocol use? Is it its own blockchain or built on top of another?
Hooked Protocol is built on top of the Binance Smart Chain (BSC). It leverages the capabilities of BSC to provide its services rather than operating on its own independent blockchain. This allows it to benefit from the scalability and low transaction fees associated with the Binance Smart Chain ecosystem.
Is Hooked Protocol programmable? Does it support smart contracts or decentralized applications?
As of my last knowledge update in October 2023, Hooked Protocol is primarily designed as a platform to facilitate social engagement and user onboarding for Web3 projects, particularly focusing on decentralized applications (dApps). While it provides tools and framework for interaction in the Web3 ecosystem, its core focus isn't necessarily on supporting the widespread programmability found in more traditional smart contract platforms like Ethereum.
That said, Hooked Protocol does integrate certain elements commonly associated with decentralized applications, allowing developers to create engaging user experiences. However, if you are specifically looking for robust smart contract functionality, you might need to look at other blockchain platforms that are more established for that purpose.
For the most accurate and up-to-date information, particularly any developments after October 2023, I recommend checking the official Hooked Protocol documentation or their announcements.
How fast are Hooked Protocol transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last update, specific details about the Hooked Protocol's transaction speed, confirmation time, and throughput (transactions per second) weren't widely available in public documentation or standard sources. Blockchain-related projects often update their metrics and performance capabilities, so for the most accurate and up-to-date information, it's best to check the official Hooked Protocol website, their technical documentation, or their announcements via community channels like social media or forums.
If you require precise performance metrics for a specific use case or a more in-depth analysis, consider looking into recent benchmarks or community discussions that may highlight these aspects.
How much data can I store on the Hooked Protocol blockchain? Does it support on-chain data storage?
As of my last update in October 2023, the Hooked Protocol primarily focuses on enabling social and gamified experiences in decentralized applications, especially targeting Web3 user onboarding and engagement. However, specific details about on-chain data storage capabilities might vary.
If the Hooked Protocol features on-chain data storage, the capacity for storage would typically depend on the blockchain's parameters, including block size and transaction costs. Many blockchains have limitations on how much data can be included in a single transaction, and storing large amounts of data on-chain can become costly and inefficient.
For up-to-date and specific information regarding on-chain data storage on the Hooked Protocol, I recommend checking the official documentation or resources provided by the Hooked Protocol team or visiting their community forums. This will give you precise details on storage capabilities, including any limits or best practices for data storage on their blockchain.
Contact Us About Hooked Protocol
Are you a representative of the Hooked Protocol project? Send us a message.