$HOOK Hardcore Exposé
Essential Truth:
Under the guise of “Web3 Education,” this answer-question currency earning mini-program has 2 million monthly active users with 90% inflated figures—only 40,000 real on-chain addresses, and most users cannot withdraw the earned HOOK to their wallets (KYC + 100 hours of answering required).
Three-tiered Harvesting Technique:
Token Dual Scythe
HOOK (Governance Token): 40% locked by the team, after listing on Binance, monthly selling pressure of $2 million+
HGT (Game Token): Unlimited issuance, earn 100 HGT ≈ 0.0001, withdrawal fee deducted 0.5.
False Destruction Mechanism
Claims of “in-app purchases destroying HOOK,” but only 12,000 coins were destroyed in 2023 (0.04% of total), with inflation far exceeding deflation.
Pseudo-Demand Ecosystem
Hooked Wallet daily active users are less than 10,000 (compared to Trust Wallet's 25 million).
On-chain data is all on the BNB Chain testnet, mainnet interaction volume ≈
On-Chain Deadlock Evidence:
TVL (Total Locked Value): $5 million, with 90% being self-pledged by the team.
Real User Cost: Earn 0.3 for 2 hours of answering questions, electricity costs 0.5 out of pocket.
Token Destinies: Top 10 addresses control 76%, exchange reserves account for 92% of circulating supply (retail investors are merely the backstop).
Retail Survival Guide:
Want to learn Web3? Use Coinbase Learn (free tutorials + real token rewards).
Want to earn coins by answering questions? You might as well make money watching TikTok short videos (higher hourly rate).
Cannot resist gambling? Keep spot positions ≤ $100, make some pocket money and run.
Radical Opinion: Hooked = Blood and Sweat Answer Factories for Internet Laborers,
Better to share happiness than to enjoy alone; if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
