Hooked Protocol(HOOK) Project Analysis-CoinW Institute
Hooked Protocol(HOOK) Project Analysis
1. Research Institute Review
Its first app, Wild Cash, topped the Google Play charts in Indonesia and was the only Web3 app to dominate the Google Play rankings for nine consecutive days. The product application has a high degree of completion, and the official answer rule reduces the risk of the subcoin HGT being zero-jerked by bot bulk accounts, and the pass limit to buy tools to improve mining efficiency slows down the mining output, making users need to put more time and effort to participate. The way to complete multi-account jacking coins through simulators and scripts is extremely inefficient, and serious answers can get more rewards. But the invitation reward is extremely high, and users can invite multiple accounts to achieve witch attacks and thus get a lot of tokens.
2. Recent breakout point
Web3+Gamefi
3. Project Introduction
Hooked Protocol is building an entry layer for mass adoption of Web3, providing users and businesses with tailored Learn & Earn products and onboarding infrastructure to enter the new world of Web3. Its first pilot product, Wild Cash, has achieved impressive growth of over 2 million active users per month with its Quiz-to-Earn experience and other gamified learning features.
4. Token Role
(1) Governance platform token for the Hooked ecosystem.
(2) Exclusive NFT access token and privileges to community events.
(3) HOOKs used for certain in-app purchases (game tools, secret boxes, etc.) will be destroyed to reduce the overall token supply.
(4) Future gas tokens for Hooked Application Rollup Infrastructure.
(5) A pledge reward program tied to platform profitability and lock-in periods.
5.Token Economy Model
Hooked Protocol uses a three-coin model similar to the Web2 game, in which $HGT (Gold) is a three-tier token, $uHGT is a two-tier token, and $HOOK is a one-tier/governance token.
HOOK: Mainly used for community governance, on-chain trading Gas fees, and holding incentives including access to exclusive community events and purchase of limited edition NFTs on the platform.
HGT: Utility token within the ecosystem where the community is constantly incentivized and motivated to make dynamic contributions.
uHGT: Token derived from a mechanism to manage HGT liquidity to address speculative risk. In-Game Currency $HGT
Hooked Protocol raised approximately $6 million in two rounds of private token sales, with FDV ranging from $30 million to $60 million.
HOOK 20% of which is allocated to the team and advisors, 30% is reserved for the ecosystem, 25% is allocated to the community, 5% is offered through Binance Launchpad, and 20% is used for a private placement at a public offering token price: $0.1. 10% of total token supply in initial circulation, total supply: 500,000,000, market cap: $5,000,000, FDMC: $50,000,000, circulation: HOOK 50,000,000 public offering: 25,000,000 (5.00%)
6. Project Highlights
Hooked Protocol grows the community through mass user adoption and web3 education. web3 Community Gateway: Built-in incentives, accessible wallets, and decentralized user identities. Gamified Learning Experience: A simplified educational system that combines experiential learning and curiosity-based learning to teach web3 concepts in a gamified learning experience.
7. Investment institutions
binance labs, Redshirt Capital
8. Community
twitter: 68,500 people
9. Future outlook
From the economic model, the private placement price is 0.06–0.12 USD, the price of Coin Launchpad is 0.1 USD, the mother coin HOOK has very low circulation in the first stage, and the full circulation market value is only 50 million USD, or for market makers to achieve the purpose of strong control. Similar to StepN, the initial liquidity is 10% (50 million). After 1 year, the circulating supply will increase to 22.33%, which implies a token release rate of about 5 million/month for the first 12 months. Given the low price and low circulation in the first period, we can expect at least short-term upward momentum. In terms of ecological needs, the current Binance ecosystem has not seen any other similar phenomenal products, except for Stepn, which triggered a short-term FOMO and led to extremely active economic activity on the BNB chain, and the Hooked protocol has the potential to attract more users to the BNB chain.
Basic Information
Project Description: Hooked Protocol uses an innovative single token (HOOK) oriented structure, complemented by the only utility token in the ecosystem, HGT (Hooked Gold Token), which is the governance token of the ecosystem.
Full token name: Hooked Protocol
Token name: HOOK
Project website: https://hooked.io/
Project Documentation: https://hooked-protocol.gitbook.io/hooked-protocol-whitepaper/hooked-tokenomics/token-structure-overview
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