Hooked Protocol is building the infrastructure for the large-scale adoption of Web3. It provides tailored learn-and-earn products and other infrastructure to onboard users and businesses into the new world of Web3.
Its first product, "Wild Cash," featuring a “play-to-learn” experience and other gamified learning features, achieved impressive growth with over 2 million monthly active users.
Hooked Protocol employs an innovative single-token (HOOK) structure complemented by a utility token, HGT (Hooked Gold Token), within its ecosystem.
HOOK serves as the governance token of the ecosystem with the following functions:
- Governance token for the Hooked ecosystem
- Access token for community events and exclusive NFT privileges
- HOOK used for certain in-app purchases (game tools, secret boxes, etc.) will be burned to reduce overall token supply
- Future gas fee token for Hooked infrastructure
- Staking reward program linked to the platform’s profitability
Hooked Protocol grows its community through tailored product experiences, mainstream market outreach, and Web3 education while providing infrastructure for enterprise Web3 development. Its mission is to form an attractive, community-owned ecosystem.
Web3 Community Onboarding: Establishes various incentive mechanisms, easy-to-use wallets, and decentralized identities for users.
Gamified Learning Experience: A simplified educational system that combines immersive (experience-based) and exploratory (curiosity-driven) learning experiences.
Gamified learning to teach Web3 concepts
Simulated Web3 experiences allowing users to engage with popular crypto areas like NFTs and GameFi
Innovative learning experiences through short videos in a fun and engaging way
Application Infrastructure: Consolidates infrastructure to bring more applications and businesses into Web3 and the Hooked ecosystem.
Hooked Protocol has raised approximately $6 million from two token sales earlier this year, with a FDV ranging from $30 million to $60 million. 20% of the tokens were allocated to primary market investors.
