Hooked Protocol
Crypto Overview
Project Overview
Hooked Protocol is a Web3 social learning platform that aims to onboard users to Web3 through Learn-and-Earn and social-fi elements. The protocol was launched in late 2022 on the BNB Chain.
Intended Utility
HOOK serves as the governance and utility token of the Hooked Protocol ecosystem. Its primary functions include: governance voting rights, rewards for learning activities, payment for services within the ecosystem, and staking.
Business Model Assessment
The platform's core business model revolves around educational content delivery and social engagement, with users earning rewards for learning about Web3 and completing educational tasks. The learn-to-earn model provides clear utility and value exchange between participants.
Actual Utility Analysis
The protocol has demonstrated actual usage through its flagship product Wild Cash, a learn-and-earn app that has gained significant traction in emerging markets. The platform shows consistent user engagement and educational content delivery, aligning with its stated purposes.
Token Distribution and Governance
Total supply is 500 million HOOK tokens. The distribution includes allocations for ecosystem rewards (40%), team (15%), treasury (15%), seed sale (12%), private sale (8%), public sale (5%), and advisors (5%). Team tokens have a vesting schedule over 24 months, showing commitment to long-term development.
Development Activity
The project maintains active development with regular updates to its platform and educational content. The team has consistently delivered on roadmap items and maintains transparent communication about development progress.
Crypto Impact
To assign a comfort level investing in Hooked Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Hooked Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.