Introduction to Hooked Protocol (HOOK)
Hooked Protocol is cutting-edge platform designed to promote widespread adoption of Web3 technologies through an educational yet engaging format.
By leveraging power of gamified learning experiences project aims to make complex concepts of Web3 accessible and exciting to global audience.
The core mission is to onboard next billions of users into Web3 ecosystem by simplifying learning curve and offering incentives through educational interactions.
According to current official site status platform has over 10,000,000+ Users across its ecosystem actively participating and actively contributing to development and refinement of platform.
The protocol incorporates variety of gamified elements that transform traditional educational content into interactive, competitive and rewarding experiences.
This approach not only enhances user engagement but also deepens understanding and retention of complex Web3 technologies.
Users can earn tokens as they learn providing tangible reward for their educational efforts and encouraging continuous participation and learning.
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The Genesis of Hooked Protocol
It was founded by a team of experts with deep roots in blockchain technology, education and gamification.
The founding team vision was to bridge the gap between technical world of blockchain and average user by crafting an intuitive and rewarding educational environment.
Their expertise in both technical and educational fields has uniquely positioned Hooked Protocol to capture the interest of users from diverse backgrounds.
Since its inception platform has achieved several key milestones that have significantly influenced its growth and development.
The successful launch of its pilot product Wild Cash marked a crucial step in testing platform’s core concepts in real-world scenarios.
The platform’s ability to attract significant user engagement from emerging markets early on has helped shape its strategy and offerings.
Additionally strategic partnerships with established players in Web3 and educational sectors have bolstered its capabilities and expanded its reach providing critical resources and exposure to new users.
Core Features of Hooked Protocol
Hooked Protocol flagship feature the Wild Cash app exemplifies platform’s innovative approach to blending education with earning.
This application utilizes “Quiz-to-Earn” model where users can engage in various quizzes covering wide range of topics related to Web3, blockchain and cryptocurrencies.
As users progress through quizzes and learning modules they earn rewards in form of tokens.
This not only incentivizes learning but also makes complex Web3 concepts more accessible and engaging.
Beyond individual learning Hooked Protocol emphasizes community building and collaborative learning.
The platform offers several tools that foster a sense of community among users:
- Social Learning Features: Users can form study groups participate in discussions and share insights or resources. This social interaction enhance learning experience and helps build supportive network.
- Leaderboards and Challenges: Competitive elements such as leaderboard and timed challenges encourage users to engage more deeply with content while fostering healthy competitive environment.
- Educational Modules: Hooked Protocol provide range of modules that cover various aspects of Web3 technologies. These modules are designed to be interactive and are regularly updated to reflect the latest developments in the field.
Through these features Hooked Protocol not only educate its users but also creates dynamic ecosystem where individual are encouraged to grow their knowledge collectively.
This approach help in onboarding new users into Web3 space and also in retaining them by continuously providing value and engagement.
Tokenomics of Hooked Protocol
The platform native token HOOK plays central role in its ecosystem. With fully diluted token supply of 100M Hook.
It is used primarily to incentivize participation and engagement within platform various educational and gamified features.
HOOK tokens are rewarded to users for completing quizzes participating in learning modules and contributing to community thus directly facilitating ‘learn to earn’ model. The distribution of HOOK is designed to support longterm sustainability and growth of protocol.
20% supply was allocated in Private sale with 10% released at 1-year cliff and remaining 10% at linear monthly release at ratio of 2.5% per month for 36 months.
From remaining 80% around 25% are allocated to community, 30% to Ecosystem/Treasury fund to support platform operations, partnerships, and further development.
The remaining 20% is reserved for team and advisors while 5% was offered at Binance Launchpad before launch.
Additionally Governance rights are also granted to HOOK holders allowing them a say in key decisions including updates to protocol and allocation of community funds.
This democratic approach aims to align interest of users and developers fostering collaborative and evolving educational environment.
Hooked Protocol’s Impact on Education and Adoption
Hooked Protocol integrates gamification into its educational platform to make learning about blockchain technology engaging and effective.
By incorporating element such as point scoring, competitions and rewards, the platform transforms learning experience into an interactive and enjoyable activity.
This approach not only motivates users to learn but also helps them retain information better by applying their knowledge in practical real-world scenarios through platform offerings.
User testimonials and case studies often highlight significant improvement in understanding blockchain concepts thanks to intuitive learning modules and real-time feedback provided by Hooked Protocol.
For instance many users have reported increased confidence in navigating blockchain space and a deeper understanding of complex topics such as smart contracts and cryptocurrency trading due to protocol’s structured and interactive content.
Acquiring and Storing HOOK Tokens
Here is an easy-to-understand step-by-step Guide on How to Buy HOOK Tokens from Exchanges
- Choose crypto Exchange: First select an exchange that lists HOOK tokens. HOOK is Binance Launchpad project and many top-tier exchanges have listed it.
- Create an Account: Based on your exchange choice sign up for an account. You will need to provide some personal information and go through verification process depending on exchange requirements and your location.
- Deposit Funds: After registration deposit funds into exchange account. This can be done via bank transfer, credit card or by depositing crypto that exchange accepts.
- Purchase HOOK Tokens: Navigate to spot trading section of exchange and Search for HOOK’s trading pairs (e.g., HOOK/USDT, HOOK/BTC) and execute trade based on how much you are willing to buy at market or limit orders.
- Confirm the Transaction: Ensure that purchase is confirmed and that your HOOK tokens are credited to exchange wallet.
Best Practices for Securely Storing HOOK Tokens
If you are planning to hold $HOOK tokens for longterm then I would highly recommend to withdraw funds from centralized exchanges and hold your assets in either a hardware wallet or trusted software wallet.
Hardware wallets such as Ledger or Trezor provide robust security by storing private keys offline away from potential online vulnerabilities.
If you prefer more accessible yet secure options software wallets like MetaMask or Trust Wallet also offer good security practices while allowing you to interact with blockchain applications directly.
Hooked Protocol’s Role in the DeFi Ecosystem
Platform play significant role in DeFi ecosystem by facilitating an engaging learning ecosystem that integrates with various DeFi applications.
This integration allows users not only to learn about DeFi principles but also to directly apply this knowledge by interacting with DeFi protocols such as staking platforms, liquidity pools and yield farming opportunities.
Hooked Protocol can serve as gateway for new users into DeFi space providing them with tools and knowledge necessary to safely navigate and utilize these services.
HOOK tokens hold potential utility in numerous DeFi activities. Users can stake their tokens to participate in network governance secure network or earn staking rewards.
Additionally HOOK tokens could be used for liquidity provision in decentralized exchanges (DEXs) contributing to liquidity and overall health of the DeFi ecosystem.
This utility enhances value proposition of token making it not just a tool for transaction fees and governance but also valuable asset for investment and passive income generation within DeFi landscape.
Market Analysis: Performance of HOOK Tokens
The trading behavior of HOOK tokens can provide insights into the overall health and investor sentiment toward the Hooked Protocol.
Since hitting an all-time high on 6th February 2023 HOOK is going through a correction phase and showing good strength around its all-time low area which is around $0.8 to $1.7.
This price range suggests consolidation period that could be critical for future price movements.
Market analysts might view this stabilization as potential base-building phase where the token gathers momentum for either a recovery or further decline, depending on broader market conditions and internal developments within Hooked Protocol ecosystem.
Factors such as updates to protocol increased utility of token partnerships or expansions in platform features could significantly impact investor sentiment and token demand.
Future Roadmap and Developments
In future Hooked Protocol aim to enhance its platform by introducing new features and enhancements that align with mission to simplify and democratize access to blockchain education.
Anticipated developments include advanced gamification strategies to further engage users and deepen their learning experiences.
Additionally protocol plans to expand its course offerings to cover wider range of topics within Web3 space ensuring that it remains at cutting edge of blockchain technology and education.
The future roadmap also highlights introduction of new educational modules designed to cater to varying expertise levels from beginners to advanced users.
These modules will likely incorporate interactive elements and real-world application scenarios to provide comprehensive learning environment.
Moreover strategic partnerships with academic institutions and technology companies are expected to enrich educational content and provide more diverse learning pathways for users.
Conclusion: The Evolving Role of Hooked Protocol in Web3
Wrapping this discussion up, I believe Since its inception Hooked Protocol has significantly contributed to democratizing blockchain education through its innovative use of gamified learning experiences.
By making complex topics accessible and engaging Hooked Protocol has opened up world of Web3 to broader audience empowering users with knowledge and skills needed to participate in blockchain ecosystem.
As blockchain landscape continues to evolve the role of education becomes increasingly critical.
Hooked Protocol is well positioned to lead this educational frontier with its unique approach to learning and community engagement.
We Coin-Labs.com provides only objective information about Hooked Protocol (HOOK).
Therefore, we are not responsible for the investment decision in Hooked Protocol (HOOK) and the resulting loss.
Hooked Protocol (HOOK) Basics
Here are some factors that investors should consider before investing in Hooked Protocol (HOOK).
| Cryptocurrency Features | Hooked Protocol (HOOK) (HOOK) |
|---|---|
| Publisher or Developers | Hooked |
| Headquarters (Registration Number) | |
| Symbol | HOOK |
| Platform | |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | No limit |
Reliability Score of Hooked Protocol (HOOK) in 2024
These are indexes mesuring the investment reliability of Hooked Protocol (HOOK) conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 3 Exchanges |
| Number of Available Pairs Worldwide | 117 Pairs |
| Market Cap of the Cryptocurrency | 99,901,344 USD (Rank #346) |
The table above shows the result of investment suitability evaluation for Hooked Protocol (HOOK).
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Hooked Protocol (HOOK) Price
Here are the price and recent trading volume of Hooked Protocol (HOOK). (Data of 2024-11-02 00:35:00)
| Price Items | Price and Trading Volume of Hooked Protocol (HOOK) |
|---|---|
| Hooked Protocol (HOOK) Price | 0.375 USD |
| Price Change 24h | -3.47% |
| Price Change 7d | -11.50% |
| Trading Volume 24h | 6,412,303 USD |
| Trading Volume Change 24h | 3.51% |
Cryptocurrency Metadata
You can check the development status and social media information of Hooked Protocol (HOOK) through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| 🎺 Message Board |
Where to Buy Hooked Protocol (HOOK)
Here are the top ten world crypto exchanges where traders can buy Hooked Protocol (HOOK) in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/HOOK_USDT |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Not listed | |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Not listed | |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/en/trade/spot/HOOK/USDT |
| Gate.io | Listed | https://www.gate.io/trade/HOOK_USDT |
Frequently Asked Questions
What is the current price of Hooked Protocol (HOOK)?
Hooked Protocol (HOOK) price today is 0.375 USD. Furthermore, the price of Hooked Protocol (HOOK) has fluctuated by -3.47% from 24 hours ago, and by -11.50% from a week ago.
Where is Hooked Protocol (HOOK) listed?
Currently, it is listed on a total of 3 among the world top 10 exchanges.
What is the market cap of Hooked Protocol (HOOK) now?
Currently, Hooked Protocol (HOOK) has a market cap of 99,901,344 USD, which is ranking 346 among cryptocurrencies worldwide.
How much is the trade volume of Hooked Protocol (HOOK)?
Currently, 199,848,918 HOOK coins are circulating through 117 market pairs. As a result, in the last 24 hours, 6,412,303 USD of HOOK coins were traded in the market.
