What Is Hooked protocol?
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn and Earn products and onboarding infrastructures for users and businesses to enter the new world of web3.
Hooked protocol Unique Features
Quiz to Earn
Users get to start an immersive web3 learning experience while earning their first token prize.
POWT (Proof of Work & Time) Mining Game
A game featured to incentivize users to contribute efforts and time within the platform, through the classic Proof-Of-Work mechanism hooked3.
Social Referral
Users get to establish their own web3 social graph by simply sharing; also earn strong monetary benefits with their social connections.
Stake & Swap
Users can own and store crypto assets in wallets, and later conduct their first crypto staking & swap.
Roadmap
2022: Q2 Seed round fundraising complete
2022: Q3 Product app launched in Indonesia, dominating Google Play ranks
2022: Q3 Surpassed 50,000 Daily Active Users on the 1st day launch on BNB Chain.
2022: Q3 Ranked as the biggest SocialFi application on DappRadar across all blockchains.
2022: Q4 Platform achieved over 2 million Monthly Active Users.
Q4 2022:
- Product & User Growth: Global market expansion, launch Quiz-to-Earn experience in more regions
- Infrastructure: Work with Layer 1 infrastructure on scaling solutions to facilitate strong user growth
H1 2023:
- Community: More diverse gamified learning experience within the fast growing Hooked community
- Ecosystem: Continuous collaborations and partnerships with more web3 projects, bringing on applications to build on top of Hooked protocol
- Infrastructure: wallet solution integration for Hooked community users
H2 2023:
- Community: Becoming one of the largest communities of Web3 pathfinders
- Governance: DAO-style governance structure explorations for Hooked Protocol
- Ecosystem: More diverse applications launched leveraging Hooked ecosystem infrastructure
- Infrastructure: Application middleware solutions (wallet, DID, etc.) for ecosystem developers launched with early adoption interests
Commercial and Business Development Progress
- BNB Chain (Link): The partnership between Hooked Protocol and BNB Chain is a long-term and lasting commitment to motivate the Hooked community to explore the BNB Chain ecosystem with appealing benefits and diverse experience.
Token economy
HOOK Token
$HOOK is the only governance token with liquidity in the ecosystem, designed to reflect the value that flows across the Hooked platform with limited supply and scheduled emission scheme.
$HOOK’s long term value is tied with the confidence people hold for the project but as opposed to $HGT, supply of $HOOK is fixed and designed to be deflationary.
Governance platform token for Hooked ecosystem
One of the most fundamental utilities of $HOOK will be community governance, representing stakes and votes in ecosystem proposals.
Gas token for Hooked Application Rollup
As we are building rollup infrastructure on top of L1s to support our DApp ecosystem, $HOOK will be used as the gas token for all economic activities.
In the future, all DApps in the ecosystem built on top of Hooked platform will also be using $HOOK as the gas token for on-chain transactions.
Access token for exclusive NFTs and privileges of community events
Community members will be motivated to hold tokens to get access to exclusive community events and grants to purchase limited editions of platform NFTs, which demonstrate community social status and network impacts.
$HGT Token
$HGT tokens are issued based on how many tokens are earned by users fulfilling in-app tasks, awarding users in terms of the duration and accomplishments of their activities. All $HGT is created and has to be earned by users completing in-app quests.
Specifically:
- Quiz-to-earn training camp, allowing users to understand the answer scenario, familiarize with content of the question bank, and prepare for the quiz-to-earn competitions.
- Quiz-to-earn competitions, rewarding users with attractive prize pool, intense leveling mode, and constant breakthrough rewards.
- Referral and social networking leverages, encouraging users to spread the word and invite acquaintances, combined with community activities to strengthen ties among community members.
- Emulation of classic crypto practices, cultivating and enhancing Hooked users’ web3 experience on a daily basis with in-app features such as token mining mini-game (simulating BTC Proof-Of-Work mechanism).
- Incentive-driven gamified experiences, ensuring users’ consistent fun and engaging experience in the Hooked community.
Detailed Token Metrics
TBA
Token Distribution
Private sale: 20%
Community sale: 5%
Community: 25%
Ecosystem: 30%
Team + advisors: 20%
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
Binance, Sequoia
