Hooked Protocol is dedicated to building the on-ramp layer for widespread Web3 adoption, fostering community-owned economies through tailored Learn and Earn products and onboarding infrastructure. The pilot product, Wild Cash, has successfully attracted over 2 million community members, marking the beginning of an engaging ecosystem.

Challenges and Solutions

The crypto industry faces challenges despite high valuations, with a gap between technology innovation and adoption. Hooked Protocol addresses this by targeting billions of Web2 users, offering gamified learning experiences and onboarding solutions for businesses transitioning to Web3, aiming to create a cohesive ecosystem.

Key Features and Mechanics

Hooked adopts gamified learning experiences, Quiz-to-Earn mechanisms, and classic Web3 mechanics such as PoWT Mining Game and Social Referral. This approach aims to engage users throughout their Web3 journey and facilitate a smooth onboarding process.

Web3 Onboarding Solutions

The protocol introduces the Hooked Soulbound Token (Hooked SBT) as a digital identity, a user-friendly Hooked Wallet for community members, and on-chain protocol interactions on BNB Chain for extensive behavioral analysis. These solutions contribute to trust, usability, and community formation.

Community and Ecosystem Formation

Leveraging a decentralized social network and a decentralized user growth engine, Hooked focuses on forming a scalable and engaging community. It also develops middleware and infrastructure to onboard developers and applications onto Web3, contributing to ecosystem growth.

Tokenomics

The HOOK token plays a central role, serving as the governance token with limited supply and a deflationary design. Its utilities encompass governance, gas for on-chain activities, staking incentives, and access to exclusive NFTs and community events, emphasizing stability and long-term sustainability.