Hooked Protocol

Hooked Protocol is a groundbreaking immersive edutainment platform designed to usher the next billion users into the world of Web3. Its mission is to promote widespread adoption of Web3 by offering engaging, gamified, and social learning experiences.

The protocol provides an intuitive and straightforward onboarding process for both learners and developers, focusing on three main areas: Infrastructure, Academy, and Ecosystem.

Currently, Hooked has rolled out three decentralized applications and products: Wild Cash, a Quiz-to-Learn Web3 bootcamp aimed at beginners, boasting over 3 million monthly active users; ToDaMoon, a livestream-based Learn-to-Earn platform with a total of 1,000,000 participations in competitions; and Hooked Academy Sensei, a learning tool powered by AI that has attracted over 100,000 registered users.

Hooked is also committed to advancing Web3 onboarding infrastructure to support developers while establishing strong partnerships and fostering economic growth within its ecosystem to drive widespread adoption.

The project's tokenomics utilize a single-token model, with HOOK as the sole governance token, to ensure genuine value and common functionalities, safeguarding against pump and dump schemes.

HOOK serves as the only liquid governance token within the ecosystem. It reflects value movement across Hooked's platforms with a limited supply and a planned emission schedule. The long-term value of HOOK is linked to the confidence people have in the project, featuring a fixed, deflationary supply.

HOOK tokens primarily serve functions related to community governance, gas fees for on-chain activities, staking incentives, social status display, and, over the long term, support innovations that enhance the ecosystem's growth. For more information about the $HOOK token, refer to: https://hooked-protocol.gitbook.io/hooked-protocol-whitepaper/hooked-tokenomics/hook

Through its academy, infrastructure, and ecosystem, Hooked aims to transform Web3 education and bring new participants onboard.

The team behind Hooked Protocol includes three key members: Jason Y., the Founder; Mike Y., the Chief Technology Officer; and Jess L., the Chief Marketing Officer.

Jason Y. brings a decade of experience in growth strategy and consumer internet from his time at Uber and Meta. Mike Y. is an engineer with a background in large-scale financial services and consumer product development. Jess L., with experience at top Silicon Valley tech companies like Uber and Google, specializes in marketing, strategy, and business development.

Hooked Protocol provides tools to make Web3 usage easier for users.

- Hooked Soulbound Token (Hooked SBT): A unique, non-transferable web3 "passport" that can only be minted once.
- Hooked Wallet: A cryptocurrency wallet designed for secure storage, transactions, and other activities within the Hooked Protocol.
- On-chain data storage: Utilizing the BNB Chain, this allows all users to access the project's data.

Unlike other social-fi products, Hooked aims to simplify and make Web3 more enjoyable for Web2 users by offering several competitive advantages:

- Rapid community gateway for Web3 onboarding: Hooked is creating user-friendly products with engaging incentives and gamified experiences to welcome new users. Social referrals are crucial for building communities, enabling users to create and monetize their Web3 social connections.

- Business onboarding solutions: Hooked's integrated infrastructure promises smooth Web3 onboarding solutions for enterprises.

- Gamified Social Learning Platform for Web3: Effectively blending education with entertainment.

$HOOK is the native cryptocurrency of Hooked, utilized for governing the Hooked Protocol. Deployed on the BNB Chain, it has a total supply of 500,000,000 coins distributed as follows:

30% to Ecosystem / Treasury;

25% to the Community;

20% to the Team and Advisors;

20% to Private Sale;

5% to Community Sale (Binance Launchpad Sale);

The token sale began on November 24, 2022, lasting until December 1, 2022, on the Binance Launchpad platform.

Hooked users can utilize $HOOK tokens to vote on platform governance, pay network gas fees, access exclusive events and products, including NFTs, and purchase in-game tools. Additionally, staking rewards are distributed in HOOK tokens.

HOOK is a native BEP-20 token within the Hooked Protocol, operating on and secured by the BNB Chain.

The utilities of the HOOK token are primarily centered around community governance, on-chain gas fees, staking rewards, and social status signaling. It also supports long-term innovation to enhance the ecosystem’s growth.

Governance platform token for the Hooked ecosystem
HOOK is essential for community governance, representing stakes and votes in ecosystem proposals.

Gas token for Hooked Application Rollup
HOOK will act as the gas token for all economic activities on rollup infrastructure built on Layer 1 networks to support the DApp ecosystem. Future DApps on the Hooked platform will also use HOOK for on-chain transactions.

Access token for exclusive NFTs and community privileges
Token holders gain access to exclusive community events and can purchase limited edition NFTs, reflecting social status and network influence.

Additionally, HOOK is involved in innovation practices that benefit both individual participants and businesses, ensuring liquidity and increasing token value, which is directly tied to the success of the community.

As of now, Hooked Protocol (HOOK) is available on several cryptocurrency exchanges, including Binance, Gate.io, Bybit, Bitget, LBank, MEXC, BitMart, NovaDAX, Bitrue, Hotcoin Global, Mandala Exchange, CoinW, BingX, and ZT.

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