What is Hooked Protocol (HOOK)?

Deep Dive

1. Purpose & Value Proposition

Hooked aims to bridge Web2 and Web3 by making blockchain education accessible through gamification. Its flagship product, Wild Cash, is a Quiz-to-Earn app with 3M+ monthly users, rewarding learners with crypto for completing lessons. The protocol also targets businesses, offering turnkey solutions to integrate Web3 into their operations, such as AI-powered tutorials and credential systems (Hooked Whitepaper).

2. Technology & Ecosystem

Key tools include:
- Hooked Wallet: A simplified crypto wallet for transactions and storing achievements.
- Soulbound Tokens (SBTs): Non-transferable NFTs that act as Web3 skill certifications.
- Alumni System: Partners like ZenChain and B3 contribute educational content, allowing users to earn project-specific NFTs through quizzes.

The protocol stores data on BNB Chain for transparency and scalability, focusing on low-cost transactions for mass adoption.

3. Tokenomics & Governance

HOOK’s fixed supply of 500M tokens emphasizes scarcity, with utilities including:
- Governance: Voting on platform upgrades.
- Staking Rewards: Incentivizing long-term holding.
- Gas Fees: Used for on-chain activities like minting SBTs.
Token burns from platform fees aim to counter inflation, though circulating supply remains high at ~272M (CoinMarketCap).

Conclusion

Hooked Protocol positions itself as a gateway to Web3, blending education, infrastructure, and community-driven growth. Its success hinges on retaining users through engaging content and expanding partnerships—can it scale its model without diluting educational quality as competition grows?