What is the Hooked Protocol (HOOK)?

Hooked Protocol is a pioneer crypto edutainment network that works to bring new people into web3 by entertaining and educating them at the same time. It provides well-curated Learn and Earn products for its users to know about the web3 world in a rewarding way. As of now, Hooked Protocol has launched three key products- Wild Cash (a Quiz-to-Learn Web 3 product for elementary learners), ToDaMoon (a live-streaming Learn-to-Earn product for preparatory learners), and Hooked Academy Sensei (an AI-powered explanatory learning product).

HOOK is the governance token of the Hooked Protocol ecosystem. It is a BEP-20 token developed and secured by the BNB chain. With a fixed total supply of 500,000,000 HOOK, it has multiple utilities in the Hooked Protocol. Its users can use it to govern the platform through voting, paying the network gas fees, accessing exclusive privileges, and winning staking rewards. The long-term value of HOOK comes from the faith and confidence people hold in the project. The token distribution of HOOK is Treasury (30%), Community (25%), Team (20%), Private Sale (20%) and Community Sale (5%).

Apart from HOOK, the platform also has another token, Hooked Gold Token (HGT), an in-house-only utility token of the Hooked Protocol project. It is used to reward users in the Quiz-to-Earn training camps and incentivize people to participate in social referrals and other promotional programs within the Hooked ecosystem.

How does Hooked Protocol (HOOK) work?

The Hooked Protocol has three main components as of now. These components are Innovative Web 3 learning methods, social referrals, and Web 3 onboarding for businesses.

Innovative Web 3 Learning Methods

Under Innovative Web3 Learning methods, Hooked Protocol has developed and deployed multiple fun and educational products, such as Wild Cash, To Da Moon, Hooked Academy Sensei, and Hooked Academy.

The most popular one is Wild Cash, a Quiz-to-Earn dApp that introduces users to Web 3 concepts in a simplified way. It was the first dApp of Hooked launched in 2022. Within one month of its launch, Wild Cash onboarded 3 million users. Participants can take up quizzes, earn tokens, and mint in-house NFTs. They can also invite friends, create teams, and earn higher rewards. Wild Cash also allows its users to stake their rewards and earn more on them. Users can withdraw rewards from Wild Cash directly from their bank accounts and crypto wallets. To Da Moon is a similar live-streaming quiz competition product of Hooked Protocol launched in 2023.

Another hero product of Hooked Protocol is Hooked Academy Sensei, an AI-powered Web3 project similar to ChatGPT. It allows users to ask any question in any language. The objective of Hooked Academy Sensei is to familiarize people with AI and Web3. It offers virtual tutors who are efficient in human interaction.

Next up is Hooked Academy, which provides 30-second meme videos on Web 3 learning. It aims to make Web 3 education fun and exciting. Currently, it is in the development stage.

Social Referrals

Social referrals are a community-expanding strategy of the Hooked Protocol. Those using the Wild Cash dApp can share referral codes with friends, family, and social media friends to invite them to play together. The more they refer, the more they can earn from the platform.

Web 3 Onboarding for Businesses

Apart from helping individuals learn about Web 3, Hooked Protocol also helps businesses integrate Web 3 solutions. Its developed infrastructure helps businesses and enterprises start operating in the Web 3 ecosystem seamlessly. Some of its services include login with a Decentralized identity (DID), built-in wallets, and social referral features.

Hooked Protocol is actively working on other dynamic infrastructure to support its existing dApp ecosystem. In the upcoming projects, HOOK will be the primary means of paying the gas fee. Furthermore, the platform encourages its community to hold HOOK tokens for accessing exclusive platform NFTs. However, the prime use case of HOOK is to give its holders voting rights to decide on the proposals associated with the Hooked Protocol. Additionally, HOOK can be utilized for certain in-app purchases in the Hooked ecosystem.

How to Buy Hooked Protocol (HOOK) in India?

There are many platforms where you can invest and trade Hooked Protocol (HOOK) in India.

One such platform is Flitpay. To buy Hooked Protocol (HOOK) in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy Hooked Protocol (HOOK) and execute the Hooked Protocol (HOOK) purchase.

You can instantly convert your INR to Hooked Protocol (HOOK) and Hooked Protocol (HOOK) to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What do I do after buying Hooked Protocol (HOOK)?

Hooked Protocol (HOOK) can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the Hooked Protocol (HOOK) till it reaches a high price, and then you can sell it through the Flitpay's Quick Buy/Sell order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

Since HOOK is the native governance token of the Hooked Protocol, its owners get to vote on the proposals related to the upcoming improvements to the protocol. You can also use it to participate in the staking program and earn new exciting in-house rewards of the Hooked Protocol. In the future, it will also be used to pay for the gas fees in the upcoming dApps of Hooked.

Why Use Hooked Protocol (HOOK)?

Hooked Protocol (HOOK) emerges as a much-needed crypto project at the current time due to its aim to onboard Web3 adoption among common people. Its edutainment approach seamlessly combines education with entertainment to make Web 3 learning a fun experience for newcomers.

Since a slow web3 adoption is a big barrier to its mainstream adoption, the existence of a project like Hooked Protocol (HOOK) gives a beacon of hope to the entire web industry. It carries the potential to not only educate but also inspire, potentially fostering a more rapid and widespread adoption of Web3 technologies.

The HOOK token serves several crucial purposes within the Hooked Protocol ecosystem, making it a fundamental element for users, investors, and the platform's governance. It grants users the ability to participate in the governance of the Hooked Protocol ecosystem. Holders can vote on proposals and decisions that shape the platform's future, ensuring a democratic and community-driven approach.

FAQs

What is the Hooked Protocol (HOOK)?

Hooked Protocol is a decentralized edutainment network that combines education and entertainment and encourages people to learn about web3 through its innovative Learn and earn games. These games reward users for learning. HOOK is the governance token of Hooked protocol. It is a BEP-20 token powered by the BNB chain with a total supply of 500,000,000 tokens.

What is the Hooked Protocol (HOOK) price in India?

Check out the current INR price of HOOK crypto in India on Flitpay.

Which is the best crypto website in India to buy Hooked Protocol (HOOK)?

Flitpay is the best crypto website in India to buy HOOK, buy Bitcoin or your favorite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of the Hooked Protocol (HOOK)?

The Hooked Protocol (HOOK) helps to govern the Hooked Protocol ecosystem that simplifies Web3 adoption through edutainment. It promotes widespread Web 3 understanding and engagement with decentralized technologies.

Is it safe to invest in Hooked Protocol (HOOK) in India?

Yes, investing and trading HOOK is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying HOOK crypto. It offers real-time prices and advanced investing features.

Is Hooked Protocol (HOOK) a Good Investment?

The value of the HOOK token is intricately linked to the triumph and widespread acceptance of the Hooked protocol and its diverse range of dApps. Given that Hooked Protocol addresses the eagerly anticipated challenge of web3 adoption, it inherently exhibits promising long-term potential. Yet, it's vital to remain mindful of the crypto market's inherent volatility. Good risk management is a critical aspect to consider before introducing HOOK into your investment portfolio.