What is HOOK and why can it become the king of WEB 3.0 entrance?

When a new bull market in cryptocurrencies is coming, potential projects have become the focus of many discussions, and how to find potential projects has become the key. The bull market brings not only new entrants, but also a large number of new participants, and how to make them understand Web3 and the crypto world has become a barrier. Because of this, many projects claim to be “Web3 portals”, such as wallets, exchanges, information websites/forums, etc., but in fact, it is not easy for new investors to systematically learn about cryptocurrencies and Web3, and Hooked Protocol came into being.

What is Hooked Protocol?

Hooked Protocol is building the infrastructure for the mass adoption of Web3. It is a tailor-made learn-and-earn product for users and businesses to enter the new world of Web3, as well as other infrastructure. Its first product, “Wild Cash,” with a “test-to-earn” experience and other gamified learning features, has achieved impressive growth with over 2 million monthly active users.

Hooked Protocol adopts an innovative single token (HOOK) structure, supplemented by HGT (Hooked Gold Token), a utility token within the ecosystem. HOOK is the governance token of the ecosystem, which has the following functions: governance tokens of the Hooked ecosystem, access tokens for community events and exclusive NFT privilege HOOK s, tokens for access tokens for certain in-app purchases (game tools, secret boxes, etc.) will be burned to reduce the overall token supply in the future gas fee token staking rewards program for Hooked infrastructure tied to the profitability of the platform

The Hooked Protocol grows the community through tailored product experiences, mainstream marketing, and web3 education, while providing the infrastructure for enterprise web3 development, with the mission of forming an attractive community-owned ecosystem. Web3 Community Portal: Various incentive mechanisms, easy-to-use wallets, and decentralized identities for users are established. Gamified Learning Experience: A streamlined education system that combines immersive (experience-based) learning and inquiry-based (curiosity-based) learning experiences. Gamified learning experiences to teach web3 concepts Web3 simulation experiences enable users to participate in popular areas of cryptocurrency, such as NFTs and GameFi, to innovate learning experiences in a fun and engaging way through short video application infrastructure: infrastructure integration, bringing more applications and businesses into the web3 and Hooked ecosystem.

Hooked Protocol has already raised around $6 million from two rounds of token sales earlier this year, with FDV ranging from $30 million to $60 million. 20% of the tokens are distributed to primary market investors.

The HOOK2.0 proposal was launched

At the same time HOOK it has transformed from the Defi sector to the Web3.0 education sector, and Hooked Protocol has also established a cooperative relationship with SurgeAI to integrate Web3 education and AI, and launched Hooked 2.0, which combines Web3 social and education for the first time, and Web3.0 is also a popular track at present.

Analysis of Hooked Protocol 2.0 proposals

1. Create the world’s largest social learning metaverse network to increase the user experience

Stimulate users to participate in Web3 learning in a variety of ways, and guide more users to participate through social networks to form a comprehensive Web3 discussion and learning exchange community. And this community is also very different from traditional communication communities such as forums and post bars, which increases the affinity of users.

2. Hook the appchain, and HOOK will be used as a GAS token

By collaborating with partners, Hooked Protocol will add new AppChain infrastructure to power HOOK tokens as GAS.

3. Empower HOOK tokens

In addition to increasing the use of HOOK tokens through GAS applications, it also increases the use of HOOK tokens through multi-axis methods such as validator nodes and staking, which will further increase the market demand for HOOK tokens and directly benefit the currency price.

Summarize

Overall, Hooked Protocol 2.0 not only improves the product experience and people’s interest in Web3 Learn and Earn, but also increases the application scenarios of HOOK tokens, which is also directly positive for the price. Of course, for Web3 users, the way of learning and incentives is also a process that can realize the smooth transformation of users from Web2 to Web3, in the long run, it is not only a good thing for Hooked Protocol, but also for the blockchain industry, it is also a source of energy to inject more fresh blood, so as to maintain the rapid development of the blockchain, and for each of our participants and layouts, it is beneficial.

Source: Golden Finance