The HOOK token (Hooked Protocol) is a digital currency that supports the interactive Web3 educational system through a "Quiz-to-Earn" model. Its current price is approximately $0.093, down 97% from its all-time high of $4.06 in February 2023. The market cap is about $23 million, with a circulating supply of around 246 million out of 500 million.
HOOK is used for governance, fee payments, and rewards within the system. The project is backed by Binance Labs and aims to simplify Web3 adoption. The token can be traded on platforms like Binance and KuCoin.
Pros: Innovative educational project, backed by strong entities.
Cons: High volatility, has lost most of its value since launch.
It is advisable to monitor the price and analyze trends before investing, considering the high risks of emerging cryptocurrencies.