What is Hooked Protocol?
Hooked Protocol (HOOK) is an edutainment network that strives to introduce more people to Web3. The protocol's mission is to facilitate adoption of Web3 by providing immersive, gamified, and social learning experiences. Hooked Protocol has three main areas of focus: Infrastructure, Academy, and Ecosystem. It has launched three decentralized applications (dApps) and products: Wild Cash, ToDaMoon, and Hooked Academy Sensei, each with a unique approach to learning and user engagement. The HOOK token is the governance token within the ecosystem, reflecting the value that flows across the Hooked platform.
How does Hooked Protocol work?
Hooked Protocol operates through a single token (HOOK) oriented structure. The HOOK token is used for community governance, platform on-chain activities, staking incentives, and social elements demonstrations. The protocol has developed unique tools such as the Hooked Soulbound Token (Hooked SBT), a Web3 "passport" that can only be minted once and cannot be transferred, and the Hooked Wallet, a crypto wallet that facilitates storage, transactions, and other activities related to Hooked Protocol. The protocol's data is stored on a blockchain network and is accessible to all users.
What are the potential use cases for Hooked Protocol?
The potential use cases for Hooked Protocol are vast and varied. The HOOK token can be used for community governance, as a gas token for platform on-chain activities, for staking incentives, and for social elements demonstrations. It can also be used to access exclusive events, perks, and products, including NFTs. The protocol seeks to provide easy, enjoyable Web 3 accessibility for Web 2 users. It is building a set of user-facing products with incentives and gamified experience for new user onboarding. Hooked's integrated infrastructure also seeks to provide seamless Web3 onboarding solutions for businesses.
What is the history of Hooked Protocol?
The Hooked Protocol team consists of three key people: Jason Y. (Founder), Mike Y. (CTO), and Jess L. (CMO). Jason Y has experience in growth strategy and consumer internet, Mike Y is an engineer with a background in large-scale financial services and consumer product development, and Jess L. has experience in leading technology organizations, specializing in marketing, strategy, and business development. The protocol's first pilot product, Wild Cash, achieved growth with over 3 million monthly active users. The token sale occurred from November 24, 2022, to December 1, 2022. The HOOK token is deployed on a blockchain network and has a total supply of 500,000,000 coins.
