Hooked Protocol (HOOK) Coin Complete Detailed Review

About Hooked Coin

Hooked Coin Protocol is building 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. Its first pilot product, Wild Cash, with Quiz-to-Earn experience and other gamified learning features, achieved an impressive growth of over 2 million monthly active users. Hooked Protocol adopts an innovative single token (HOOK) oriented structure, supplemented with in-ecosystem only utility token HGT (Hooked Gold Token). HOOK is the governance token of the ecosystem.

Mission and Genesis

Hooked Protocol aims to build the on-ramp layer for massive Web3 adoption to form the ecosystem of future community-owned economies. We believe through gamified learning experience and paying out economic value back to our users, we can

• empower everyone with no prior crypto experience to access, earn and own a share of crypto enable and expediate developers and applications’ streamlined Web3 transformation; form a vibrant community with scalability and engagements, leveraging decentralized social network and viral growth.

Hypothesis and Approach

Despite the massive valuations of Bitcoin, Ethereum, and a handful of other Cryptocurrencies, the huge gap between technology innovation and actual adoption is causing the crypto native realm to stagnate, when the lack of new users remains a critical and unresolved challenge to the whole industry, and the inadequacy of Web3 application abundance on chain diminishes industry prospects.

However, potentials for intrinsically dynamic modern virtual economy after covid are recognized and scaled up, leading to upsurging demands for trusted cooperation and sustainable economic model in Web3.

Being the on-ramp layer, Hooked is

• targeting billions of Web2 internet users who can be onboarded to Web3;
• building tailored products offering gamified experience to grow the community with massive user adoption and Web3 education;
• integrating onboarding infrastructures for businesses on-ramp to Web3, to establish a cohesive ecosystem

Build the On-ramp Layer

Hooked launched the pilot DApp, Wild Cash, in Q3 2022, as the Web3 community gateway in emerging markets and tailored to grow the community with massive user adoption based on viral growth and user Web3 transformation, achieved through gamified crypto learning experience and other built-in Web3 mechanics.

Form the Hooked Community and Ecosystem

Leveraging a whole set of user-facing products under development and a unique decentralized social network, Hooked is forming a scalable and engaging community while also on its way to establishing an ecosystem of community-owned economies.

Hooked Tokenomics

The tokenomics of any protocol can never be too emphasized as it reflects the value flowing within the ecosystem, while also containing both the psychological and behavioral forces that could affect the value and sustainability of the ecosystem in the long term.

Hooked prioritizes the precautions of coping with token price fluctuations, emphasizing both liquidity and utility while maintaining stability and ensuring long-term sustainability.

Team

Jason Y. – Founder

Mike Y. – CTO

Jess L. – CMO

Roadmap

Q2 – 2022

Seed round fundraising complete

Q4 2022

Achieved over 2 million Monthly Active Users

Binance Launchpad IEO
Global expansion
Scaling solutions to facilitate strong user growth

H2 2023

Become one of the largest Web3 communities
DAO-style governance structure
More diverse applications launched
Application middleware solutions launched

Q3 2022

Wild Cash launched in Indonesia, dominating Google Play Rankings
Surpassed 50,000 Daily Active Users on the 1st day launch on BNB Chain
Ranked as the biggest SocialFi application on DappRadar across all blockchains

H1 2023

More diverse gamified learning experiences
Collaboration and partnership with more Web3 projects
Wallet solution integration