Know Your Coin – Episode 100: Hooked Protocol (HOOK)
An Educational Project or a Motivational Bubble?
---
🪝 What is Hooked Protocol?
Hooked Protocol is a Web3 project aimed at educating new users about blockchain concepts through a "Learn-to-Earn" model.
It relies on providing simple lessons and quizzes, with rewards for interaction.
---
🪙 About the Currency
Token: HOOK
Network: BNB Chain
Token Type: BEP-20
Total Supply: 500 million tokens
Launch: November 2022 via Binance Launchpad
---
🧠 Mechanism of Action
Simplified Education + Short Quizzes
Internal Rewards (uHOOK) that are not tradable
HOOK token is tradable and used for governance
Invitation system to increase outreach
---
✅ Features
Simplifying Web3 for beginners
Support from Binance
User-friendly interface and interactive atmosphere
---
⚠️ Warnings
Notable decline in interaction post-launch
uHOOK has no real value
No strong use cases for HOOK token
Relatively centralized control over distribution
---
📌 Conclusion
The project idea is good but the challenge lies in sustainability.
HOOK is closer to a motivational token than a solid investment asset.
> 🚨 Your decision is yours, and information is your weapon.