What is Hooked Protocol (HOOK)? Pioneer of Web3 Learning Platform

Hooked Protocol is a platform focused on learning and transforming Web2 to Web3. By providing a focus on Web3 learning, Hooked Protocol not only helps Web2 users and businesses to transition to Web3, but also forms a powerful ecosystem for the Web3 economy. 

This article will discuss in more depth what Hooked Protocol (HOOK) is, how it works, who created it, the use and allocation of HOOK tokens, and the company's roadmap . Let's take a look!

What is Hooked Protocol (HOOK)?

Hooked Protocol is a protocol dedicated to supporting mass adoption of Web3. The main focus is on Web3 learning, business transformation from Web2 to Web3, and the establishment of a sustainable ecosystem.

Web3 itself is a new era of blockchain-based internet, which makes the internet ecosystem more open, decentralized, and provides a higher level of control to users. 

Purpose and How Hooked Protocol (HOOK) Works

Built on the Binance Smart Chain (BSC) network, Hooked Protocol aims to stimulate widespread crypto adoption by providing a simplified and gamified learning experience for its community.

The way Hooked Protocol works is by taking a learn and earn approach, which allows users to have the opportunity to learn while getting rewards in the form of crypto assets.

Hooked Protocol introduces Web3 concepts, which in fact are a new world, with ease and fun. With Hooked's approach, the concepts of blockchain, decentralized applications, crypto assets, NFTs, and DeFi become easier to understand even for lay people. 

Who are the Developers Behind the Success of Hooked Protocol (HOOK)?

There are three main figures behind Hooked Protocol, they are Jason Y, Mike Y, Jess L. 

Jason Y, the founder, is a former growth manager at Uber with more than a decade of experience in consumer internet and growth strategy. Jess L and Mike Y, who serve as CMO and CTO of Hooked Protocol, are co-leading this project. 

Despite this, members of the Hooked development team largely use pseudonyms, including the leaders mentioned above. Not only that, this crypto project has received support from leading parties such as Binance Labs, Sequoia, Primitive, Whampoa, and Animoca Brands. 

Ecosystem

Hooked Ecosystem is a new system that connects partners and users from the Web2 & Web3 world. Hooked brings together Web3 technology with widely used everyday interactive applications, making it more accessible to more people. 

Below is an overview of the Hooked Protocol ecosystem:

Hooked Protocol

What are the Uses of HOOK Tokens

HOOK is the native token of Hooked Protocol. In general, in general, the utility of the HOOK token is largely built for governance, token gas, staking incentives, community event access rights, and valuable innovation for ecosystem growth. 

• Governance: One of the main uses of HOOK is for community governance. These tokens represent ownership and voting rights in ecosystem proposals. 
• Token Gas: Hooked Protocol builds rollup infrastructure on top of layer-1 blockchain to support the DApp ecosystem. The HOOK token itself is used as a gas token for all transaction activities. Going forward, all DApps in the Hooked ecosystem will use HOOK tokens as gas tokens for on-chain transactions. 
• Access Tokens for Exclusive NFTs and Community Privileges: Community members are motivated to hold HOOK tokens because they can provide access to exclusive community events and grants to purchase limited edition NFTs, which reflect social status and impact within the community. 
• Ecosystem Growth: HOOK will also be used in various innovative activities to provide benefits to both individual participants and businesses in the ecosystem. This will ensure the liquidity and value of the token continues to grow along with the success of the community as a whole.

Tokenomics

Hooked Protocol Whitepaper

The HOOK token economic model is designed to provide sustainable added value. With diverse utilities, HOOK encourages active participation and contribution of token holders to the growth of the ecosystem. 

Hooked Protocol has a total token supply of 500 million HOOK. Following are the HOOK token allocation details:

• 20% for Private Sale, up to 100 million HOOK tokens
• 5% for Binance Launchpad, a total of 25 million HOOK tokens
• 25% for Community, totaling 125 million HOOK tokens
• 30% for the ecosystem, as much as 150 million HOOK tokens
• 20% for the team, a total of 100 million HOOK tokens

Roadmap

Hooked Protocol

To realize mass adoption of Web3, the Hooked Protocol roadmap has been consistently designed to help Web2 users and businesses transition to Web3, forming a robust Hooked ecosystem for the thriving Web3 economy. 

In 2023, the Hooked development team is focused on continuing its achievements and improving services to the entire Web3 community. 

The following is the Hooked Protocol roadmap for 2023 - 2024:

Q3-Q4 2023

• Continuing the use of HOOK tokens in the ecosystem
• Cooperate and collaborate with more Web3 projects to expand adoption
• Build and deploy Learn and Earn experiences across global markets 
• Global expansion and working together to run operations in Vietnam, Turkey and South Korea

Q1 2024

• Developing artificial intelligence (AI)-based educational features within Hooked products
• Marketing and integrating Hooked AI SDK into projects in partner environments. 
• Build solid relationships with global educational institutions and organizations to disseminate Web3
• Launched the Hooked project focused on interoperability and customization for the dApp ecosystem
• Form a collaborative ecosystem around the massive adoption of Web3 by joining and transforming Web2 companies with large user bases and high engagement

Please monitor the official Hooked Protocol website for the latest information regarding the company's roadmap. 

Conclusion

Hooked Protocol is not just a protocol, but its vision shapes a future where Web3 is accessible to everyone. This is why, Hooked creates various features such as stories, animations, and learning tools that are not only engaging, but also safe.

When this article was written, HOOK was ranked 423rd based on Coinmarketcap data , with a total market capitalization of IDR 872 billion.

With a dedicated team, a scalable economic model, and a clear roadmap, Hooked Protocol marks a positive change in the digital era.

How to Buy HOOK Tokens on Bittime

You can buy HOOK tokens on the best crypto exchange applications in Indonesia, one of which is Bittime. How to buy HOOK on Bittime is safe and easy. The first thing you need to do is register and complete identity verification. Don't forget, make sure your balance is sufficient to buy HOOK tokens. For your information, the minimum purchase of assets on Bittime is IDR 10,000. 

HOOK is available on Bittime in HOOK IDR pairing. Below is how to buy HOOK on the Bittime application:

1. Bittime application login.
2. On the main page, select the Market menu or click the graphic icon. 
3. Select IDR pairing to buy HOOK tokens with Rupiah.
4. Click 'Buy'.
5. Select the order type to use. Limit orders, market orders and stop orders are available.
6. Enter the nominal rupiah to buy HOOK.
7. Click the 'Buy HOOK' button. 
8. A notification pop up will appear. Read it carefully and click 'Confirm'. 
9. Enter the six digit Transaction PIN.
10. The application will display a successful order notification. 

Continue to monitor HOOK, BTC, ETH, SOL price chart movements today to find out crypto market trends on Bittime. 

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.