Everything about HOOK (Hooked Protocol) cryptocurrency :
Hooked Protocol
Hooked Protocol is the on-ramp layer for massive Web3 adoption to form the ecosystem of future community-owned economies.
1. Project introduction
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.
With our pilot product Wild Cash offering Quiz-to-Earn and other gamified learning experiences, having attracted over 2 million members to the community, Hooked is aiming at forming an engaging ecosystem of community-owned economies by facilitating and optimizing the onboarding flows for all Web3 pathfinders.
Hooked tokenomics adopts a segregation strategy by applying a single token (HOOK) oriented structure supplemented with an in-ecosystem only utility token (HGT - Hooked Gold Token), reflecting real value and enabling common use case functions, to avoid the scenario where pump and dump schemes happen.
(1) HOOK: Governance token that reflects the value of the Hooked protocol ecosystem.
(2) HGT (Hooked Gold Token): The in-ecosystem only utility token with which the community is constantly incentivized and motivated to make dynamic contributions.
(3) uHGT (unlocked Hooked Gold Token):
Token derived from the mechanism for managing the liquidity of HGT, combating speculation risks when a token’s price volatility could bring down reputation and value of the network.
Though HGT itself is non-liquidable, a community-driven and algorithm-adjusting unlocking mechanism of uHGT is applied to ensure a sustainable model.
2. Team introduction
Founder: Jason Y.
CTO: Mike Y.
CMO: Jess L.
3. Investment institution
Binance, Sequoia, Whampoa
4. Application and distribution
Token application:
HOOK is the governance token that reflects the value of the Hooked protocol ecosystem. HOOK token utilities are mostly built in for community governance, gas tokens for platform on-chain activities, staking incentives as holding rewards, social elements demonstrations with status signaling and individuality, and for more long-range objectives, valuable innovations contributing to the ecosystem thriving.
Token distribution:
Private Sale: 20%
Community Sale: 5%
Community: 25%
Ecosystem / Treasury: 30%
Team: 20%
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