What Is Hooked Protocol (HOOK) Coin?

Hooked Protocol aims to construct the foundational layer for widespread Web3 adoption by offering specialized Learn and Earn products and onboarding infrastructures that enable users and businesses to seamlessly enter the Web3 domain.

About Hooked Protocol (HOOK)

Wild Cash, the project’s inaugural pilot product featuring Quiz-to-Earn experiences and other gamified learning elements, has witnessed extraordinary growth with over two million monthly active users. Hooked Protocol employs an inventive single-token (HOOK) design, supported solely by the in-ecosystem utility token, HGT (Hooked Gold Token). HOOK is characterized as the ecosystem’s governance token.

The Hooked Protocol aspires to revolutionize the expansion of Web3 applications by:

• Empowering individuals without prior experience to access crypto through a gamified experience, earn cryptocurrency, and claim ownership of their share.
• Facilitating and expediting the Web3 transition for developers and applications.
• Cultivating a dynamic community with extensive scalability and high engagement by leveraging decentralized social networking and viral growth.

The project intends to provide an accessible and enjoyable gamified learning mechanism for newcomers through two primary products. The first product, “Immersive Learning,” encompasses built-in traditional Web3 concepts and mechanisms, including PoW, Quiz-to-Earn, routing, wallets, and NFTs. The second product, “Curious Learning,” employs innovative content and approaches to simplify the learning process by utilizing DAOs and mentorship within the Metaverse.

The project describes its community as a self-evolving social network exhibiting organic and viral growth. Furthermore, the dApp infrastructure purportedly offers robust engagement features, including DID, a built-in wallet, and a Social Graph-integrated interface. The marketplace also presents dual economic commitments to optimize resource allocation efficiency.

As the project’s governance token, HOOK is characterized as the sole token (HOOK) underpinned by an in-ecosystem utility token (HGT) that accentuates liquidity and utility while preserving stability and ensuring long-term viability.

Hooked Protocol, which completed its seed funding in the second quarter of 2022, plans to introduce more diverse gamified learning experiences, collaborate with additional Web3 projects, and integrate wallet solutions in the first half of 2023. In the second half of 2023, it aims to become one of the largest Web3 communities, establish a DAO-style governance structure, launch a broader array of applications, and deploy application middleware solutions.

HOOK Coin Assessment

The Hooked Protocol garners investor attention, primarily due to the educational revolution it seeks to incite. While some analysts suggest that HOOK tokens may yield long-term benefits and experience an upward trend, others remain cautious about HOOK tokens since the project is still in its infancy.

How to Buy HOOK Coin?

To purchase Hooked Coin on Binance, follow these steps:

1. Register: If you are not already a member, create an account on Binance by visiting their website and signing up.
2. Verify your account: Complete the necessary verification steps as prompted, which may include providing personal information and uploading identification documents.
3. Deposit funds: Transfer cryptocurrency or fiat currency to your Binance account wallet. Binance supports a variety of cryptocurrencies and some fiat currencies, depending on your location. If you don’t have any cryptocurrency, you can buy it on Binance using a credit/debit card or bank transfer.
4. Locate the trading pair: Search for the Hooked Coin trading pair on Binance, which will likely be represented as HOOKED/USDT, HOOKED/BTC, or HOOKED/ETH, depending on the available trading pairs.
5. Navigate to the trading interface: Click on the desired trading pair to access the trading interface.
6. Place an order: In the trading interface, input the amount of Hooked Coin you want to purchase. You can choose between a market order, which will execute the trade immediately at the current market price, or a limit order, which allows you to specify the price at which you want to buy. Once you’ve entered the desired amount and price (if using a limit order), click on the “Buy” button to place the order.
7. Monitor your order: If you placed a market order, it should be executed almost instantly. If you placed a limit order, it may take some time for the market to reach your specified price. Monitor your order history to ensure your order is completed successfully.

8. Check your wallet: Once your order is executed, the Hooked Coin you purchased will be deposited into your Binance wallet. You can view your balance by navigating to the wallet section of your account.