What is Hooked Protocol (HOOK)? How To Buy HOOK In India?

What is Hooked Protocol (HOOK)?

In the times when major cryptos like Bitcoin and Ethereum have gained massive value and adoption, various innovative solutions offered by the blockchain remain untouched. The masses are still not aware of the intrinsic value of the Web3 economic model. Hence, the Hooked Protocol aims to attract more people into the crypto space, which helps in the adoption of Web3 solutions. It is a Web3-gamified social learning platform that offers tailored learn & earn products. 

Other than incentivizing learning, the platform aims to build various onboarding solutions that may help businesses and communities transform into the Web 3. It offers a user-friendly decentralized applications (dApps) infrastructure to build Web3 assets. The protocol mainly aims to address three significant challenges, lack of user motivation, high barriers to entry, and inadequate Web3 education. 

The platform is empowered by dual tokens, HOOK and HGT, designed to facilitate common use case functions by its community. 

Who Are the Founders of the Hooked Protocol?

Hooked Protocol was founded by Jason Y who is the current CEO, along with Mike. Y, the CTO, and Jess. L, the CMO. Jason has huge experience of nearly 10 years in growth strategy and consumer internet at Uber and Meta. Besides, Mike Y is an engineer and has worked previously in large-scale financial services and consumer product development. Jess L, has a wide experience in Silicon Valley’s leading technology organizations, including Uber and Google. She also specializes in marketing, strategy, and business development. 

How Does Hooked Protocol Work?

As mentioned before, to attract the wider masses to the Web3 ecosystem, Hook leverages the incentivized education system with gamified learning features. The who process includes the following features, 

Gamified Learning:

The Hook protocol allows the users to easily engage with various crypto concepts like Web3, NFTs, etc through games and videos. 

Classic Web3 Mechanics: 

To offer rewards, the platform has created WildCash which is a learn-and-earn dApp. It features, Quiz-to-Earn for new users, Proof-of-Work, and Proof-of-Time (PoT) mining games to incentivize users who contribute their time and energy. Social referral where the users earn monetary rewards and stake & swap where users can stake, swap and transfer crypto tokens through a Hooked wallet. 

Web3 Onboarding Solutions:

The platform offers smooth onboarding solutions through its Hooked Soulband Token (Hooked SBT) where new users get digital identity and members get access to the Hooked wallet. 

What Makes Hooked Protocol Unique-Use Cases?

• WildCash, the dApp that offers gamified learn-to-earn services has more than 3 million monthly users who earn by completing quizzes and also obtaining soul-bound tokens
• The protocol offers various features like the Gateway for Web3 onboarding, built-in incentives, a gaming experience, engagement with an AI mentor, and an easy to use the wallet with a simple interface
• The platform uses Proof-of-Work and Proof-of-Stake mechanisms to incentivize the users who contribute their time and energy 
• The platform also allows the users to stake and swap and transfer their digital assets, while the users can also earn rewards by referring the platform to their network. 

Hooked Protocol (HOOK) Price Analysis

Source: TradingView

• The HOOK price is trading within a decisive symmetrical triangle for quite a long time and is expected to remain within the consolidated phase for some more time
• The price bounced from the lower support of the triangle and is raising high aiming to reach the upper resistance of the triangle. 
• The RSI is displaying a bearish divergence due to which the HOOK price may witness a minor pullback 
• Meanwhile, the pullback may attract significant liquidity that may lift the price beyond the symmetrical consolidation depending on the volume induced.

How to Buy Hook Protocol in India?

To buy Hook Protocol in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration
• Complete KYC
• After your profile is verified, fund your wallet and buy a HOOK token