What is Hooked Protocol? Web3 is the future? that is not in dispute. More and more we see more and more applications built on the Web3 platform, moving towards Web3. With the connectivity of Web3, these applications need channels to develop and reach users, and Hooked Protocol is also aiming for that.
So let’s join Weakhand to learn about Hooked Protocol through this article to understand why this is the project Binance Launchpad invests in and will most likely become the next Launchpad on Binance.!
Hooked Protocol Overview
What is Hooked Protocol?
If we go into research, we can see Hooked Protocol is a protocol that builds a connection network to promote interaction on the Web3 social network and a development channel for Web3 applications. Hooked Protocol provides products about Learn – Earn as well as Integrated infrastructure for users and businesses to easily access and connect to Web3.
For users, Web3 is still very new, and it is extremely important to concretize the user’s approach to Web3 applications in the most friendly and attractive way. The way Hooked Protocol is being implemented is very intuitive and accessible, through Learn to Earn and Quiz to Earn forms. Such gamification of applications on Web3 will make users feel less dry and extremely accessible.
With its Wild Cash pilot product, Hooked Protocol offering Quiz-to-Earn and other gamified learning experiences, which has attracted over 2 million users, Hooked is aiming to form a new ecosystem. attractive state of community-owned economies by facilitating and optimizing the onboarding process for all Web3 applications.
Hooked Protocol Differences
Hooked Protocol aims to build the On-Ramp layer for widespread adoption of Web3 to form the ecosystem of community-owned economies of the future. Tthrough gamified learning experiences and return economic value to users.
- Empower everyone with no previous crypto experience to access, earn and own a piece of crypto.
- Enable and accelerate the streamlined Web3 transition of developers and applications.
- Form a vibrant community with scalable and interactive capabilities, leveraging decentralized social networks to go viral.
With Blockchain technology and the Crypto market going hand in hand, applying the technology in practice and attracting users is still a problem that needs to be solved. Most concepts and technologies are still quite dry and not yet popular enough to reach new users.
However, the potential for a truly dynamic modern virtual economy post-covid is recognized and scaled up, leading to growing demand. And Hooked Protocol concretizes that and aims for it.
- Targeting billions of Internet users Web2 can be brought into Web3.
- Build the right products that provide gamified experiences to grow the community with widespread user adoption and make the Web3 experience easier for users.
- Integrated referral infrastructure for businesses to easily bring their products to Web3, to establish a cohesive ecosystem.
Operating mechanism
Hooked Protocol is building a community-driven social network with on-chain tokenomics design. Users can research, earn, and enjoy a highly rated experience within the Hooked ecosystem. Hooked Protocol will initially be launched on BNB Chain and then expanded to the Layer 1 network.
Hooked Protocol’s applicability is determined by three main factors: identification, interaction, and attribution. The team is integrating wallets and decentralized identifiers (DIDs) into the Hooked ecosystem, allowing users to access their Web3 identities automatically.
Hooked launched its experimental DApp, Wild Cash, in Q3 2022, as a Web3 community portal in emerging markets and tailored for community growth with widespread user adoption based on on viral growth and transformation Web3 of users, achieved through gamified crypto learning experiences and other integrated methods in Web3 mechanics.
Gamified Learning
Hooked applies a streamlined educational system that includes:
- A gamified learning experience to convey Web3 concepts with the Wild Cash Quiz-to-Earn DApp.
- The Web3 simulation experience allows users to participate in cryptocurrency sectors such as NFTs and GameFi.
- Creative content includes short videos by Hooked Academy, a community-founded DAO, to enrich the learning experience and reduce users’ learning time in a fun and engaging way.
Classic Web3 Mechanics
Web3 mechanisms are built in to guide users throughout their journey with Hooked products.
- Quiz to Earn: Users start immersive Web3 learning and participate in the easiest way to learn Web3 knowledge while earning their first token prize by answering quizzes correctly.
- Mining Game PoWT (Proof of Work and Time): A game that encourages users to contribute effort and time within the platform, through a Proof-of-Work mechanism
- Social Referral: Users can earn great monetary rewards by sharing and setting up their Web3 social graph.
- Stake and Swap: Users can own their first crypto wallet and store crypto assets, while making staking, swaps, and transfers using Hooked Wallet.
Development Roadmap
December 22, 2023: The project development team officially launched the updated version of Hooked 2.0 with a number of development focuses such as:
- Cooperate with major DAOs: Hooked Protocol will cooperate with industry-leading projects in many fields such as Bitcoin Ordinals, Layers, DePIN,… to build relevant Web3 educational programs, through Hooked Alumni, a proof-of-learning platform (Proof Of Learning).
- Collaborate with major educational institutions in Web2: Hooked Protocol will partner with educational institutions around the world. Hooked will build relationships with world-leading universities in the United States, Asia-Pacific and Europe.
- Providing educational services in Web3: Hooked Protocol will also build integration infrastructure to reach the right market.
December 27, 2023: The project’s development team continues to introduce to the community Hooked Education Launchpad – part of Hooked 2.0. Some notable points with Hooked Education Launchpad include:
- Hooked Education Launchpad is built with HOOK at its heart.
- Focus on the Bitcoin ecosystem: The first projects introduced on Hooked Education Launchpad will be BRC 20 projects.
- The first project launched on Hooked Education Launchpad will be very easy to join as users just need to stake HOOK at no additional cost, participants will earn rewards proportional to the amount of their stake.
Core Team
Anonymous project team.
Investor
- Binance Labs Co-Led Hooked Protocol Seed Funding Round to Fuel Community Economy with a total of $6M raised at a valuation of $30M equivalent to a price of $0.06.
Tokenomics
Information about Hooked Protocol tokens
- Token name: Hooked Protocol
- Code: HOOK
- Blockchain: BNB Chain
- Token classification: BEP 20
- Contract: 0xa260e12d2b924cb899ae80bb58123ac3fee1e2f0
- Total supply: 500,000,000
Token Allocation
- Community Sale: 5%
- Private Sale: 20%
- Team + Advisor: 20%
- Ecosystem: 30%
- Community: 25%
Token Release
- Private Round will be locked for 1 year then unlocked 10% and gradually unlocked 2.5% each month for 5 years.
- Core Team will be locked for 1 year then gradually unlocked by 1.67% per month for 5 years.
- Community gradually opens 1.67% per month within 5 years and 0% at TGE time.
- The Treasury is opened 16.66667% at the time of TGE and gradually opens 1.39% per month over 5 years.
Token Use Case
The Hooked Protocol project has 2 tokens including:
- HOOK: Project governance token.
- HGT: Token incentivizes users in the ecosystem tied to platform profits.
Project Information Channel
- Website: https://hooked.io
- Twitter: https://twitter.com/HookedProtocol
- Telegram:
Summary
What is Hooked Protocol? Above is an analysis of the Hooked Protocol project by the Weakhand team. As for what the Hooked Protocol project can provide to expand Web3 access to users, this will be a quite necessary project in the future of Web3 development. Just like the information about Hooked will be the next project launched by Binance, it is not surprising that this project will develop very strongly in the near future.
In addition, everyone can also receive free tokens from the Hooked Protocol project, see instructions for Receiving Thousand Dollar Airdrop From Hooked Protocol.
