HomeGeneral knowlegdeProject reviewLearn about Hooked Protocol and HOOK Token

Learn about Hooked Protocol and HOOK Token

Binance announced its 29th project on Binance Launchpad it's Hooked Protocol (HOOK). So what's so special about Hooked Protocol (HOOK)? Let's learn together with BTA through this project!

What is Hook Token?

What is Hooked Protocol?

Hooked Protocol is a community driven social protocol. Users can learn, earn and enjoy the experience gamification in the Hooked Protocol ecosystem. 

Applicability of Hooked Protocol is defined by three main pillars: identification, engagement, and attribution. The project is integrating wallets and decentralized identifiers (DIDs) into the Hooked ecosystem, allowing users to automatically access their Web3 identities.

The Objective of Hooked Protocol

Empowering all crypto novice users to make it possible for them to access, earn and own their own cryptocurrency.

Enable and accelerate the conversion process Web3.

Create a vibrant community with scalability and interactivity, leveraging a decentralized social network.

Products of Hooked Protocol

Hooked Protocol is out dapper The first is Wild Cash with the goal of becoming a web3 community portal in emerging markets. Immediately after its launch, Wild Cash became the first and only Web3 app to ever dominate the Google Play rankings for 9 consecutive days in Indonesia with over 2 million monthly active users.

Quiz to Earn 

Users can initiate an immersive Web3 learning experience and earn tokens as prizes.

POWT (Proof of Work & Time) Mining Game

A game that encourages users to contribute effort and time in the platform, through the mechanism Proof-Of-Work classic.

Social Referral (referral program)

Users can set up their own web1 social network by inviting friends to join and earn rewards.

Stake & Swap 

Users can own and store tokens in the wallet, then stake and swap the tokens.

HOOK Tokenomics

Key Metrics

  • Token Name: Hooked Protocol
  • Ticker: HOOK
  • Blockchain: BNB Chain
  • Contract: Updating…
  • Token Type: Governance
  • Total Supply: 500.000.000 HOOK
  • Circulating Supply: 50.000.000 HOOK

Hook Token Allocation

  • Private Sale: 20% 
  • Binance Launchpad Sale: 5% 
  • Team + Advisor: 20%
  • Ecosystem: 30%
  • Community: 25%

Hook Token Release Schedule

Hook Token Use Case

  • Governance: Governance Token for the Hooked Protocol Ecosystem
  • Used to participate in exclusive NFT campaigns and community events
  • Used for some in-app purchases (game engines, secret boxes – secret box, etc) and will be burned to reduce the supply of tokens.
  • As a future gas fee token for the Hooked Protocol's Application Aggregation Infrastructure
  • Staking Reward: Hook stakers can vote to decide the distribution of staking rewards.

Investors & Partners

Hooked has successfully raised $6 million from Seed Round by Binance Labs and Sequoia Capital co-led .

Hook tokens are traded on which exchanges?

After the end of Binance Launchpad, Hook will be listed on Binance.

Sign up for a Binance account here: https://blogtienao.com/go/binance.

Summary

Through the article BTA introduced you to Hooked Protocol - the next 29th IEO project of Binance Launchpad. 

Hopefully the basic information about the project will help you have an overview of the project and please consider the article for reference purposes because it is not investment advice.

4.6/5 - (5 votes)

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

- Advertisement -