Hooked: What is it? A guide to participate in buying HOOK on Binance Launchpad
Hooked Protocol is a Web3 project that provides users and businesses with the Learn & Earn product experience and integrated infrastructure to enter the imaginative world of Web3.
Hooked has launched a trial product called Wild Cash in Indonesia and Brazil, with over 2 million active users monthly.
The app gamifies educational purposes and achieves exponential growth through a social-referral mechanism.
The project believes that by equipping knowledge through gamification and economically rewarding users, it can achieve significant conversions on Web3.
Highlights of Hooked Protocol Products and Features
As of now, Hooked Protocol has launched its first test dApp named Wild Cash, aiming to be a Web3 gateway in emerging markets like Brazil and Indonesia.
Despite launching just under a month ago, the app has already seen over a million downloads and dominates the Google Play rankings in Indonesia.
Key features of the app include:
- Quiz-to-Earn (Crypto Camp): Daily, Wild Cash offers a token reward pool (HGT tokens). Users need to answer a set number of questions (typically 10) to share and earn these rewards alongside other players. Questions are typically sourced from content related to Web3, Blockchain, and Crypto, making it easy for users to learn about this field through Wild Cash.
- Mining Game based on POWT (Proof of Work & Time): An idle game integrated into Wild Cash where HGT tokens accumulate automatically over time or users can actively "tap" to mine more tokens. Once enough tokens are accumulated, users can use them to purchase upgrades to enhance mining efficiency.
- Social Referral: Wild Cash's referral system allows users to invite friends using a referral code to earn additional HGT tokens and answer quiz questions.
- Stake and Swap: Users can swap earned HGT tokens into uHGT or BUSD. Alternatively, they can stake tokens to earn interest, with the current APY for staking HGT around 20%.
Hooked Protocol continues to focus on Web3 services and deployment solutions to democratize Web3 access. The following products and features are under development:
- Hooked Soulbound Token (Hooked SBT): Role in digital identity, ensuring transparency and trust among community members.
- Hooked Wallet: Storage of Web3 assets and future transaction capabilities.
- Web3 User Data/Behavior Collection: Accumulating user behavior data on-chain to analyze and understand behaviors deeply, laying the foundation for community and ecosystem development.
Development Team
The Hooked Protocol development team mostly remains anonymous, with basic information available for three members:
- Jason Y: Founder of Hooked Protocol, with over 10 years of strategic growth and consumer internet experience, having built products with over 100 million users. Formerly managed at Uber and Facebook.
- Jess L: CMO of Hooked Protocol, experienced in marketing, business development, and strategy. Formerly employed at Uber, Google, and leading tech conglomerates in Silicon Valley.
- Mike Y: CTO of Hooked Protocol, with extensive expertise in consumer product development and large-scale financial service technology.
Roadmap
Hooked Protocol has achieved some milestones in its current roadmap and has plans for the future, including community expansion, infrastructure cooperation, and product development.
Investors
Hooked Protocol is backed by major names in the crypto market, specifically Binance and Sequoia, who led the project's seed funding round.
Tokenomics
Hooked Protocol employs a dual-token system:
- $HOOK Token: Governance token for liquidity and platform management.
- $HGT Token: Utility token used for user rewards and ecosystem transactions.
Guide to Buying HOOK on Binance Launchpad
Hooked Protocol is the 29th project on Binance Launchpad. To participate in buying $HOOK:
Step 1: Register a Binance account and complete KYC here (receive a $100 USDT refund voucher).
Step 2: Purchase and hold $BNB from 7:00 AM on November 24, 2022, to 7:00 AM on December 1, 2022.
Step 3: Register for participation from 1:00 PM to 4:00 PM on December 1, 2022.
Allocation of $HOOK tokens for Binance Launchpad: 25,000,000 $HOOK
Sale price: 1 $HOOK = $0.1 USD
Distribution time: 5:00 PM on December 1, 2022. After calculating and deducting the corresponding $BNB from users' locked $BNB, $HOOK and $BNB of participating users will be transferred to the spot wallet.
This guide provides an overview of Hooked Protocol, its products, team, tokenomics, and steps to participate in purchasing $HOOK on Binance Launchpad.
