What is Hooked Protocol?
Hooked protocol is a web3 gamified social learning platform on BNB chain. HOOK is the native BEP-20 token.
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3. Its first pilot product, Wild Cash, with Quiz-to-Earn experience and other gamified learning features, achieved an impressive growth of over 2 million monthly active users. Hooked Protocol adopts an innovative single token (HOOK) oriented structure, supplemented with in-ecosystem only utility token HGT (Hooked Gold Token). HOOK is the governance token of the ecosystem.
What are the highlights of Hooked Protocol?
The following information is quoted from Binance introducing of Hooked protocol.
- 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. Currently the ecosystem has over 2 million monthly active users.
- First web3 app dominating Google Play ranks: Hooked first Dapp adopted innovative Quiz-to-Earn mechanics, achieving impressive user growth in Indonesia.
- Innovative education methodology: In-app gamified learning experience & Hooked Academy provides an intuitive scheme for web3 user education. Hooked will continue to bring up more educational initiatives to push for massive user adoption.
- Social graph expansion: Hooked community formation is highly leveraged with social referrals. Users get to establish and monetize a new web3 social graph by just sharing.
- Onboarding solutions for business: Hooked plans to provide seamless web3 onboarding solutions for businesses with its integrated infrastructures.
What are the existing products of Hooked protocol?
Hooked Protocol launched the first pilot dApp, Wild Cash, aiming to be the web3 community gateway in emerging markets. Shortly after launch, Wild Cash became the first & only Web3 application ever dominating Google Play rank for 9 consecutive days in Indonesia, with over 2 million monthly active users.
Here is a list of product features currently available in the application:
Quiz to Earn
Users get to start an immersive web3 learning experience while earning their first token prize.
POWT (Proof of Work & Time) Mining Game
A game featured to incentivize users to contribute efforts and time within the platform, through the classic Proof-Of-Work mechanism.
Social Referral
Users get to establish their own web3 social graph by simply sharing; also earn strong monetary benefits with their social connections.
Stake & Swap
Users can own and store crypto assets in wallets, and later conduct their first crypto staking & swap.
What is the tokenomics of Hooked protocol?
Two tokens:
- HOOK: Governance token that reflects the value of the Hooked protocol ecosystem.
- HGT (Hooked Gold Token): The in-ecosystem only utility token with which the community is constantly incentivized and motivated to make dynamic contributions.
uHGT (unlocked Hooked Gold Token): Token derived from the mechanism for managing the liquidity of HGT, combating speculation risks when a token’s price volatility could bring down reputation and value of the network. Though HGT itself is non-liquidable, a community-driven and algorithm-adjusting unlocking mechanism of uHGT is applied to ensure a sustainable model.
What is HOOK token?
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 but as opposed to HGT, 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.
Governance platform token for Hooked ecosystem
Gas token for Hooked Application Rollup
Access token for exclusive NFTs and privileges of community events
HOOK's token distribution
