Hooked Protocol price

HOOK

#496

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.

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

$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.

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.

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.

"Hooked Protocol's mission is to build 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.

The first pilot product, Wild Cash, with Quiz-to-Earn experience and other gamified learning features, achieved an impressive growth of over 3 million monthly active users. For the immediate future, the main focus is on enriching user experience by providing more content and features, and to make the experience available to a wider global audience."

Read about Axie Infinity (AXS) and Dohrnii (DHN).

What is Web 3.0? Find out more with CMC Alexandria.

What is the BNB Chain and how does it work? Here are some of the highlights.

Learn more about decentralized applications (dApps) with the CMC glossary.