What do you know about the digital currency HOOK
The HOOK coin is the digital currency of the Hooked protocol, which aims to build a ready layer for the widespread adoption of web 3 by providing customized "Learn-to-Earn" products and integrated infrastructure for users and businesses to enter the new world of web 3. One of the most prominent products of the protocol is the Wild Cash app, which combines learning and gaming with rewards, and this app has achieved over 2 million active users monthly.
The Hooked protocol has two digital currencies: HOOK for governance, and Hooked Gold Token (HGT) used for services within the system. HOOK is used for voting decisions within the ecosystem, obtaining privileges in community events, accessing exclusive NFT minting, earning staking rewards, and some in-app purchases. It is planned to be used in the future as a payment token for processing fees across all decentralized applications built on the Hooked platform.
The total supply of HOOK tokens is 500 million units, part of which is allocated for the Binance launch platform. The current price of HOOK is approximately 0.11 USD with good trading activity. The protocol and infrastructure it offers focus on enhancing web 3 adoption through engaging play and educational interfaces that encourage users to participate [1][2][4][7][8].