Hooked Protocol
Crypto Overview
Project Overview
Hooked Protocol is a Web3 social learning platform launched in 2022 that aims to onboard users to Web3 through gamified learning experiences and social-fi elements. The protocol utilizes the HOOK token as its primary governance and utility token.
Intended Utility
The HOOK token serves multiple purposes within the ecosystem: governance rights for protocol decisions, rewards for educational achievement and participation, and payment for platform services. The platform's Learn-and-Earn model incentivizes users to learn about Web3 while earning rewards.
Actual Utility Assessment
The protocol has demonstrated real-world adoption through its Wild Cash application, which has gained significant traction in emerging markets. The platform shows consistent development activity and regular updates to its educational content and reward mechanisms.
Token Distribution and Governance
The token distribution includes allocations for team members (15%), ecosystem development (25%), community incentives (35%), and strategic partners (25%). Team tokens are subject to a 3-year vesting period with a 6-month cliff, indicating commitment to long-term development.
Development vs Marketing
The project maintains a balanced approach between development and marketing efforts. Regular technical updates, partnership announcements, and ecosystem expansion demonstrate a focus on building sustainable infrastructure rather than mere token promotion.
Revenue Model
The protocol generates revenue through platform fees, educational content creation, and partnership integrations. These revenue streams avoid interest-based mechanisms and align with Islamic financial principles.
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.