Hooked Protocol (HOOK): Play, Learn, and Earn Crypto

Considering how big the market values of Bitcoin and other altcoins have become, there’s still a massive void in the adoption of the innovative solutions provided by blockchain technology. Further, the masses are still in the dark about the intrinsic value of a web3 economic model and don’t feel incentivized to learn about its potential benefits.

However, Hooked Protocol could change that.

Hooked hopes to attract more people into the crypto space and help them adopt web3 solutions by leveraging GameFi where they earn for learning various crypto concepts.

How? Let’s find out!

What Is Hooked Protocol?

Hooked Protocol is a crypto project building an on-ramp layer to onboard new users into the web3 movement through a streamlined and gamified learning experience that provides the necessary incentives to drive crypto adoption.

Inspired by the Learn and Earn concept that has become popular around the crypto circles, Hooked aims to attract new users to web3 through interactive and experience-based learning. Similar to Web3Camp, Hooked’s innovative web3 education platform incorporates classic web3 mechanics to link developers and contributors with a largely untapped audience.

Other than incentivized learning, Hooked is building various onboarding solutions to help businesses and the community transition into web3. The web3 onboarding combo includes a user-friendly decentralized applications (DApps) infrastructure to build and secure web3 digital assets.

Powered by a dual-token mechanism consisting of HOOK and HGT (Hooked Gold Token), the Hooked Protocol has an advanced tokenomics structure designed to facilitate common use case functions by its community.

How Hooked Protocol Works

To achieve its mission of empowering people to adopt web3, Hooked Protocol uses an incentivized education system with gamified learning features and a vibrant decentralized social network. Its wholesome approach is structured as follows:

Gamified Learning

The Hooked Protocol has adopted an innovative education methodology that’s both immersive and inquisitive to encourage web3 learning. The Hooked Academy allows users to easily engage with crypto concepts such as non-fungible tokens (NFTs) and GameFi through its games and videos.

The learning portal also leverages the concept of community-formed fun-filled decentralized autonomous organizations (DAOs) to reduce the learning curve for new users and enrich the overall learning experience.

Classic web3 Mechanics

Rewards are a simple yet effective way to encourage adoption. Hooked Protocol has created Wild Cash, a Learn and Earn DApp that features:

• Quiz-to-Earn – New users participate in learning web3 concepts in a fun way and earn tokens for answering quizzes.

• Proof of Work and Time (PoWT) Mining Game – Uses classic proof of work (PoW) mechanism of Mine to Earn to incentivize users to contribute their time and energy.

• Social Referral – Users earn monetary rewards for sharing their web3 social graph with others.

• Stake and Swap – Through the Hooked Wallet, users get to experience concepts such asstaking, swapping and transferring crypto tokens.

Source: Hooked

Web3 Onboarding Solutions

As a gateway to web3, Hooked provides a suite of onboarding solutions to ensure a smooth transition into web3. Through its Hooked Soulbound Token (Hooked SBT), new users acquire a digital identity that’s unique and exclusive to the platform’s community. Members also get access to the Hooked Wallet which provides members with a user-friendly interface to maneuver and orient with web3 transactions.

Hooked Protocol Token Uses (HOOK And HGT)

Hooked Protocol’s token structure consists of two tokens; HOOK and HGT. The primary token on the platform is HOOK which is supplemented by HGT, an in-house-only utility token.

The dual-token structure is designed to enhance liquidity, increase utility and ensure the long-term sustainability of the Hooked ecosystem.

HOOK is a deflationary token and has a fixed supply of 500 million. As the utility and governance token for Hooked, the HOOK token has the following use cases:

• Governance – It represents one’s stakes and votes when deciding on ecosystem proposals

• Gas – Will be used as gas to power all economic activities on DApps and facilitate on-chain transactions

• Access – The token will provide community members with access to exclusive NFTs and community events

On the other hand, the utility token HGT is issued based on how many tasks one has accomplished. Possessing an infinite supply, it's used only within the Hooked ecosystem in the following ways:

• Allow users to prepare for quizzes in the Quiz-to-Earn training camp

• Reward users in the Quiz-to-Earn training camp

• Incentivize people to engage in the social referral program

• Incentivize the platform’s gaming experience

HOOK Crypto Price Prediction

HOOK was launched on Dec 1, 2022 at $2.13 and has remained bullish ever since. Before its release, over 114,000 investors had committed to purchasing HOOK during the subscription period.

A few weeks after launch, Hooked Protocol price dropped slightly, hitting a low of $1.09 on Dec 28, 2022. However, HOOK price has recovered remarkably well where it has risen by around 250% in a month to hit a high of $3.81 on Jan 28, 2023. As of the time of writing (Feb 1, 2023), Hook is priced at $3.17 with a 24-hour trading volume of $114,891,541.

Source: CoinGecko

While HOOK may be young in the market and its current market cap and circulating supply remain unknown, crypto price prediction experts seem bullish about the token. According to DigitalCoinPrice, HOOK could exceed $10 in 2025 and rise to $32.95 by 2030. Price technical analysts at BitNation share similar bullish sentiments where they predict that HOOK could hit a maximum price of $12.03 in 2025 and reach $27.85 by 2030.

Hooked Protocol has performed well thus far and is focused on onboarding the masses into the web3 sphere. By the end of 2022, its Wild Cash DApp already had over two million monthly active users.  

That said, the above isn’t financial advice and we highly recommend that you do your research to understand more about Hooked Protocol before investing.

Where To Buy HOOK

You can buy Hooked Protocol tokens on trading exchanges such as Bybit, Gate.io and Binance. Create an account on Bybit to trade HOOK as a Spot Trading pair (HOOK/USDT) or as a USDT Perpetual contract (HOOKUSDT). You can also trade HOOK through Bybit’s Spot Grid Bots.  

Final Thoughts

Hooked Protocol’s approach to driving crypto and web3 adoption through gamified learning has been overall successful. In 2023, the platform intends to bring more diversified products to the crypto community, build on its SocialFi system and maximize resources to ensure it develops in a self-sustainable ecosystem.

With an ambitious global expansion strategy and a focus on building an enriched content-learning platform, Hooked Protocol is set to leave a mark in the expansive web3 community.