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What is Hooked Protocol

What is Hooked Protocol (HOOK)?

Hooked Protocol basic info

Name:Hooked Protocol

Ticker:

Introduction:

Launched during the extra volatile times of crypto in 2022, Hooked Protocol (HOOK) manages to amaze the market with their innovative products and amazing achievements, attracting massive recognition and interest from the crypto community.

Overview of Hooked Protocol

Hooked Protocol is a Web3 ecosystem on the BNB Chain that aims to make it easier for everyone, individuals and enterprises alike, to enter the Web3 space. The protocol offers a suite of solutions, such as different Learn-to-Earn products to incentivize people to educate themselves on blockchain and Web3, SocialFi (social media and with DeFi elements) dapp, user-friendly crypto wallet, and other onboarding infrastructures.

While the team behind the project is practically anonymous to the majority of users, Hooked Protocol is backed by giants in the market like Binance, Sequoia Capital, and Whampoa Group. Seriously, who needs a long list of partners and backers when the GOATs (Greatest of All Times) are on your side?

In the second quarter of 2022, the project was announced, and finished their seed round fundraising. Then in the third quarter of the same year, Wild Cash, a Quiz-to-Earn dapp that gamifies learning about Web3, was released in Indonesia and gained great ranking in Google Play. The dapp got more than 50,000 daily active users on their first day of launch and was the top-rated SocialFi dapp on DappRadar.

At the moment of writing this article, which is the final quarter of 2022, Hooked Protocol already gathered more than 2 million monthly active users after a short period of operation. Following the massive initial growth, the project is running an IEO on Binance Launchpad to raise funds for further development, which is scheduled to end on December 1.

In the first half of 2023, Hooked Protocol is set to release their own crypto wallet, expand their business partners, and introduce more gamified learning solutions. And for the latter part of 2023, besides releasing more dapps, the protocol wants to decentralize the governance of the project by introducing a DAO, and thus become one of the biggest and most active communities in the crypto space.

HOOK Token

Hooked Protocol is powered by a triune token system, with HOOK token being the governance token, Hooked Gold Token (HGT) being the utility token, and Hooked Soulbound Token (Hooked SBT) providing digital identity for users of Web3.

HOOK token reflects the value of the whole Hooked Protocol, and allows holders to actively participate in the development of the project. HOOK can be used to join governance, pay for gas for on-chain transactions, staking incentives, and special access to NFTs, among many other exclusive privileges.

Despite hailing the project as a decentralized initiative for the community, the distribution of HOOK is very concentrated on the team members and their partners. Their shares account for 40% of the total HOOK supply.

HOOK token's distribution (Source: Hooked Protocol Website)

Nonetheless, according to the vesting schedule for HOOK, the tokens for the team and their partners are not released until February 2024. They only receive 100% of their portions until December 2029 to guarantee long-term commitment to the project.

The release schedule for HOOK token (Source: Hooked Protocol's Whitepaper)

How to Buy HOOK Token on Bitget

HOOK will have its public fundraising in the fourth quarter of 2022. However, not everyone is eligible to join such fundraising events and even if you are eligible, it is difficult to claim your spots because the allocation runs out extremely fast. Thus, the easiest and most convenient way to buy HOOK is to purchase it via an exchange that offers various payment options like Bitget. You can use Google Pay, Apple Pay, or different credit cards to purchase HOOK on Bitget.

Step 1

Go to Bitget and sign in (or create a new account if you have not already and claim $4,163 new user reward).

Step 2

Deposit USDT into your Bitget spot account or purchase some if you have none. You can buy USDT via P2P trading or with fiat on Bitget.

Step 3

Click here to buy HOOK tokens with USDT. The real-time order book will help you adjust your price dynamically and have the most suitable pricing.

Step 4

To check the HOOK tokens you own, go to "Assets" then choose "Spot Account".

Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.

Current price:

$0.3954More price details

All-time high:$4.06

All-time low:$0.3181

HOOK supply and tokenomics

Circulating supply:210,365,580 HOOK

Total supply:500,000,000 HOOK

Max supply:0 HOOK

Market cap:$83.17M

Fully diluted market cap:$197.68M

Token allocation:

Ecosystem / Treasury

30.00%

Community

25.00%

private sale

20.00%

Team

20.00%

Binance Launchpad Sale

5.00%

Tokenomics:

Uniqueness

Hooked Protocol offers tools to facilitate the use of Web3 by users. - Hooked Soulbound Token (Hooked SBT): A web3 "passport" that can only be minted once and cannot be transferred. - Hooked Wallet: A crypto wallet that facilitates storage, transactions, and other activities related to Hooked Protocol. - On-chain data storage: The project's data is stored on BNB Chain and is accessible to all users.

Hooked solution, unlike other social-fi products, aims to provide easy, enjoyable Web 3 accessibility for Web 2 users by some following competitive advantages:

Fast-growing community gateway for Web3 onboarding: Hooked is building a set of user-facing products with intriguing incentives and gamified experience for new user onboarding. Social referrals play a key role in community formation. The sharing process enables users to establish a web3 social graph and monetize it.
Onboarding solutions for business: Hooked's integrated infrastructure will provide seamless Web3 onboarding solutions for businesses.
Web3 Gamified Social Learning Platform to well match between education and entertainment

Token utility

HOOK token utilities are mostly built in for community governance, gas tokens for platform on-chain activities, staking incentives as holding rewards, social elements demonstrations with status signaling and individuality, and for more long-range objectives, valuable innovations contributing to the ecosystem thriving.

Governance platform token for Hooked ecosystem
Access token for exclusive NFTs and privileges of community events
HOOK used for certain in-app purchases (game tools, secret boxes, etc.) will be burnt to reduce the overall token supply
Future gas token for Hooked Application Rollup Infrastructure
Staking rewards program tied to platform’s profitability & lock up period

Links

Website:https://hooked.io/

Whitepaper:https://hooked-protocol.gitbook.io/hooked-protocol-whitepaper

X:https://twitter.com/HookedProtocol

Buy Hooked Protocol for $1Buy HOOK now

What is the development prospect and future value of HOOK?

The market value of HOOK currently stands at $83.17M, and its market ranking is #496. The value of HOOK is not widely recognized by the market. When the bull market comes, the market value of HOOK may have great growth potential.

As a new type of currency with innovative technology and unique use cases, HOOK has broad market potential and significant room for development. The distinctiveness and appeal of HOOK may attract the interest of specific groups, thereby driving up its market value.

What will the price of HOOK be in 2025?

Based on HOOK's historical price performance prediction model, the price of HOOK is projected to reach $0.8262 in 2025.

What will the price of HOOK be in 2030?

In 2030, the HOOK price is expected to change by +4.00%. By the end of 2030, the HOOK price is projected to reach $1.53, with a cumulative ROI of +261.64%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of HOOK and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

HOOK price HOOK price prediction HOOK news

Is HOOK worth investing or holding? How to buy HOOK from a crypto exchange?

If you want to buy HOOK, the following information may be helpful for your investment decisions:

In the last 7 days, the price of HOOK has fallen by -25.85%, leading to negative returns for most HOOK investors. The market is currently pessimistic about the price trend of HOOK.

It is important to note that the current price of HOOK has retreated by -90.27% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether HOOK is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in HOOK or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of HOOK, if you want to buy or sell HOOK, you can consider Bitget for your trading needs. The best place to buy HOOK is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Hooked Protocol has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Hooked Protocol. Here's a step-by-step guide on how to buy Hooked Protocol on Bitget.

Buy HOOK now Coin buying guide

How to get Hooked Protocol through other methods？

Using cash to buy Hooked Protocol is not the only way to obtain Hooked Protocol. If you have the time to spare, you can get Hooked Protocol for free.

Learn how to earn Hooked Protocol for free through the Learn2Earn promotion.

Earn free Hooked Protocol by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Hooked Protocol airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Hooked Protocol through Bitget Convert, Bitget Swap, or spot trading.

What is Hooked Protocol used for and how to use Hooked Protocol?

The use case of Hooked Protocol may expand as the crypto market and the project itself develop. Currently, you can use HOOK to achieve the following goals:

Arbitrage by trading HOOK: Since HOOK is a frequently traded cryptocurrency, the price of HOOK is always fluctuating. Earn more HOOK by buying low and selling high on the exchange. Bitget spot market provides a variety of HOOK trading pairs to fully meet your needs.

Earn by staking HOOK: You can also generate income through financial management methods such as staking HOOK or lending HOOK. Bitget Earn offers a variety of financial products designed to help you earn more income from your HOOK.

Send or pay HOOK: If you want to give HOOK to your friends, a charity, or a fundraiser, or you want to pay someone with HOOK, you can quickly and easily send HOOK to the recipient through their payment address.

You can also go to the official website of the Hooked Protocol project to learn more about the use cases of HOOK. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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