Hooked Protocol (HOOK)
Hooked Protocol is a Web3 project dedicated to facilitating the mass adoption of blockchain technology and cryptocurrencies. It aims to create an accessible on-ramp layer for users and businesses entering the Web3 world by offering tailored Learn and Earn products and onboarding infrastructure. The primary goal is to build a community-driven ecosystem that encourages adoption through engaging, gamified learning experiences and economic incentives. Key features of Hooked Protocol include:
- Quiz-to-Earn and other gamified learning tools
- Onboarding infrastructure for Web3 newcomers
| Ticker | HOOK |
| Category | Gaming (GameFi) |
| Website | https://hooked.io/ |
| @hookedprotocol | |
| Telegram | HookedProtocolOfficial |
| Contract Addresses | |
|---|---|
| binance-smart-chain | 0xa2...f0 Copied! |
As of 2024, Hooked Protocol has successfully attracted over 2 million members to its community through its pilot product, Wild Cash, which offers Quiz-to-Earn opportunities.
Mission and genesis
The mission of Hooked Protocol is to develop an on-ramp layer that supports wide-scale Web3 adoption and fosters future community-owned economies. The founders aim to achieve several objectives through gamified learning and economic incentives:
- Empower individuals with no prior crypto experience to access, earn, and own cryptocurrency.
- Facilitate and accelerate the Web3 transformation for developers and applications.
- Build a vibrant community with scalability and engagement, utilizing decentralized social networks and viral growth.
By focusing on these goals, Hooked Protocol seeks to create a thriving ecosystem that benefits both individual participants and businesses in the Web3 space.
Token utility
The native token of Hooked Protocol, known as HOOK, serves multiple purposes within the ecosystem:
- Governance: HOOK tokens represent stakes and votes in ecosystem proposals, allowing community members to participate in decision-making processes.
- Gas token: HOOK functions as the gas token for all economic activities on the Hooked Application Rollup, a layer-2 infrastructure that supports the DApp ecosystem.
- Access token: Holding HOOK tokens grants users access to exclusive community events and the ability to purchase limited edition platform NFTs, showcasing community social status and network impact.
- Innovation practices: HOOK tokens are employed in various innovative ways to benefit the ecosystem, ensuring liquidity and token value growth in line with the community's success.
Partnerships and ecosystem development
Hooked Protocol actively collaborates with various projects in the Web3 space to expand its ecosystem and provide educational opportunities for its community. A notable initiative is the ZkSync-themed special learning experience announced in 2024, which involves partnerships with several industry leaders:
- SecondLive: An AI and XR social metaverse project
- Holdstation: A pioneering futures trading wallet
- WOOFi: A leading decentralized exchange
- ZeroLend: An innovator in the lending market
- SyncSwap: A platform for seamless and secure token swaps
These partnerships aim to provide the Hooked Protocol community with deep insights into the ZkSync ecosystem and demonstrate practical applications of Web3 technologies.
Technology
Hooked Protocol employs several technological components to achieve its goals:
- Gamified learning: The platform uses interactive quizzes and educational content to teach users about Web3 concepts while providing economic incentives.
- Rollup infrastructure: Hooked is developing a rollup infrastructure on top of layer-1 blockchains to support its DApp ecosystem and enhance scalability.
- Decentralized user growth engine: The protocol implements mechanisms to encourage viral growth and community engagement.
- Web3 onboarding solutions: Hooked offers tools and infrastructure to simplify the process of entering the Web3 space for both users and businesses.