Home » Crypto » What is Hooked Protocol (HOOK) coin and how does it work?

What is Hooked Protocol (HOOK) coin and how does it work?

by Financial Economy

On November 23, Binance announced Hooked Protocol, which will be Launchpad’s 29th project, and subsequently the HOOK token was listed on various exchanges. Information about some topics that what is Hooked Protocol (HOOK) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about MetagamZ (METAG) coin.

What is Hooked Protocol (HOOK) coin and how does it work?

Hoooked Protocol is a Blockchain project that aims to fully embrace Web3 by creating an advanced ecosystem. This project basically works as a ramp layer protocol. There are currently more than 3 million active members in the protocol’s community and they are considering creating a custom experience for users and businesses that want to take advantage of Web3. The team and community are working to engage Web2 users in Web3 and create a vibrant and cohesive ecosystem.

The protocol aims to revolutionize the world of Web3 and its growth tunnel with its inventions and developments. The team wants to reach people who have no previous experience in this field. For this, he tries to make the most of the cryptocurrency industry. They also make the Web experience easier for developers and users alike. It’s not just about improving scalability. It also involves building an inclusive community.

Hook token features!

HOOK coin is the native cryptocurrency of the Hooked Protocol ecosystem. This coin serves as the protocol’s governance token and uses the BNB Chain. The total supply of HOOK coins is capped at 500 million units. Users will gain a number of benefits including managing the ecosystem through HOOK. These include access to exclusive NFTs and community privileges, making in-app purchases, and rewards related to staking/mining.

Services offered by Hooked Protocol!

Hooked Protocol promises to serve Blockchain users with a wide variety of products. The prominent services of the project are as follows:

Gateway for Web3 onboarding: Hooked Protocol is an extremely fast-developing platform that is trying to get more and more people involved with Web3. They create incentive and game-based experiences to build and grow a strong community.

Innovative Dapp integrations: Protocol released the first Dapp based on Quiz-to-Earn mechanics. According to this Dapp, users had the advantage of receiving cryptocurrency rewards through quiz-like ways.

Improved education system: Blockchain has launched a gamified learning experience and resources like Hooked Academy to educate the masses about Web3 and encourage more people to adopt Web3 in the process.

Other products: Besides the features mentioned above, Hooked has released a Proof-of-Work Time (PoWT) based mining game. The ecosystem also has other products and services such as Social Referral, Stake & Swap, and Curious Learning.

Which exchange is HOOK coin on?

Hooked Protocol Token is listed on some cryptocurrency exchanges such as Binance, Bitrue, CoinW, Bitget, Bybit, etc.

How to buy HOOK coins?

Hooked Protocol coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

HOOK token supply!

Total and maximum supply of Hooked Protocol token is 500.000.000 HOOK.

HOOK token price!

As of December 13, 2022, at the time of the writing, 1 Hooked Protocol coin price is around $1,73 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment