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Hooked Protocol (HOOK) platform and token that bet on Web3

Hooked Protocol (HOOK) platform and token that bet on Web3

created Michał Sielski9 March 2023

Earn money by playing and solving quizzes on the internet? Many people still dream of such a future. Platform Hooked Protocol he does everything to make dreams come true. It is possible in Web3 technology, and incentives in the form of tokens are to help HOOK.

We continue the series of the Forex Club portal, in which we analyze and describe the largest, most valued, most interesting, most developed, advanced and also the most controversial cryptocurrency projects around the world. Today is the time for the HOOK token, issued by the Hooked Protocol platform, which wants to be the foundation of the Internet future, based on Web3.

What is Web3 technology?

In a nutshell: it's next-generation internet technology. Recently very fashionable in the world blockchain. Many projects refer to it and talk about it. It is to be based primarily on social control of the Internet. It is the people who decide everything.

However, few people are eager to devote their time to what the Internet of the future should look like. They don't know how to do it, they wonder why, and they don't want to do it pro bono. And this is where ventures such as Hooked Protocol make room, which use educational approaches as well as gamification to encourage users to start their adventure with Web3.

How Hooked Protocol works?

Users have access primarily to educational elements, the mechanism of commands and solutions for companies. The company provides training materials about Web3 as part of the Hooked Academy created especially for this occasion. The goal is one: to make it Web3 quickly became a mass project: understandable and used.

For this purpose, a social command system is used. Of course, you can earn money on referrals. The more people and institutions we invite to participate, the more HOOK tokens we will receive.

The package of already integrated infrastructure also includes Web3 onboarding solutions for companies. The application package is to solve all technological problems and allow you to easily navigate in the world of new technologies.

How does DApp Hooked Protocol Wild Cash work?

At the end of 2022, the first DApp was launched Hooked Protocol Wild Cash, an application that already has 3 million monthly users and is intended to be a gateway to Web3 primarily for emerging markets.

The protocol has several layers, the most important of which are quizzes that allow you to earn money by answering questions, Proof of Work in Time (PoWT) mining games, social referrals, and staking and trading via Hooked Wallet. We receive all prizes in HOOK tokens.

What is a Hooked (HOOK) token?

The Hooked protocol is based on two tokens:

  • Hooked Gold Token (HGT) - as a utility token,
  • HOOK - as a management token.

HOOK allows you to:

  • voting in the Hooked ecosystem,
  • receiving rewards for staking,
  • priority access collection,
  • access to community events.

In the near future, the HOOK token is also expected to cover transaction costs in the ecosystem, as well as to build and finance all activities within the Hooked Application Rollup infrastructure.

HOOK cryptocurrency quotes

As of March 8, 2023, 50 of the target 000 HOOK tokens are in circulation. They can be traded on 13 cryptocurrency exchanges from all over the world, including the world's largest Binance. You have to pay USD 1,79 for each of them, which translates into a market capitalization of over USD 89 million. The peak of quotations took place on February 6, 2023, when HOOK was valued at USD 4,07.

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About the Author
Michał Sielski
Professional journalist for over 20 years. He worked, among others, in Gazeta Wyborcza, recently associated with the largest regional portal - He has been present on the financial market for 18 years, he started on the Warsaw Stock Exchange when the shares of PKN Orlen and TP SA were just being introduced to the market. Recently, his investment focus has been exclusively on the Forex market. Privately, he is a parachutist, a lover of Polish mountains and a Polish karate champion.