Fundamental analysis of the Hooked Protocol cryptocurrency
Hooked Protocol
HOOK
$1.33

Sector

Education

Exchange Debut

2022-12-01

Market Cap

71,975,407

Maxim Supply

500,000,000

Circulating Supply

54,166,725

Circ. Supply(%)

10.83%
Fundamental analysis of the Hooked Protocol cryptocurrency

Hooked Protocol

HOOK

Price

$1.33

Market Cap

Sector

Exchange Debut

71,975,407
2022-12-01

Volume 24h

High 24h

Low 24h

29300572
1.385427000711
1.213409853629

Change 24h

Change 7d

Change 30d

4.391
31.0769
56.9767

Maxim supply

Circulating supply

Circulating supply(%)

500,000,000
54,166,725
10.83%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Hooked Protocol cryptocurrency:

Hooked Protocol (HOOK), a gamified social learning platform, aims to boost Web3.0 adoption through learn & earn resources and onboarding support for businesses. Despite its unique approach to Web3.0 adoption, the project’s overall score in our fundamental analysis is a moderate 4.57 out of 10, indicating there’s room for improvement across various areas.

SOCIAL & MASS MEDIA: Score 6.9 out of 10

The Hooked Protocol shines in terms of attracting followers and activities of its social media administrators, both scoring a perfect 10. The platform, however, falters when it comes to community engagement on these social media pages, securing only 3 out of 10. Media presence and community sizes on chat groups fare better with 6.5 and 8 respectively. The overall decent performance in this category suggests the fundamental analysis of the Hooked Protocol cryptocurrency reveals a clear recognition of its online presence.

AUDIT & SECURITY: Score 2.2 out of 10

A point of concern for Hooked Protocol lies within its audit and security. Scoring a low 1 out of 10 for audit results and a 3 for transparency of publicly available information implies potential security risks. However, the project does better in terms of liquidity on exchanges, with a score of 7 out of 10, offering some relief in this category.

TOKENOMICS: Score 4.15 out of 10

Delving into the fundamental analysis of the Hooked Protocol cryptocurrency, the project’s tokenomics are a bit of a mixed bag. Inflation and centralization of the monetary mass both scored low at 2 out of 10, indicating some possible concerns in token value stability and distribution.

ECOSYSTEM DEVELOPMENT: Score 3 out of 10

In terms of ecosystem development, Hooked Protocol has room for improvement, with both objective achievement and plans for new developments scoring a low 3 out of 10. This highlights the importance of the project’s growth and evolution moving forward.

TEAM & DEVELOPERS: Score 7 out of 10

The Hooked Protocol team’s experience is commendable, earning a high score of 8.5 out of 10. However, a low score of 1 out of 10 for the number of software developers indicates a need for more technical expertise in the team.

PRODUCT & UTILITY: Score 3.6 out of 10

The utility of the Hooked Protocol’s product and its tokens within the ecosystem earned scores of 2 and 6 out of 10, respectively. This suggests potential improvements could be made in enhancing the product’s practicality and the functionality of the tokens in their ecosystem.

PARTNERS & INVESTORS: Score 6.75 out of 10

The project has performed reasonably well in terms of the number and capacity of its investors, with a score of 8.5 out of 10. However, it slightly underperforms regarding the number and quality of partners, with a score of 5 out of 10.

Fundamental analysis of the Hooked Protocol cryptocurrency – The final conclusion

Reflecting on the fundamental analysis of the Hooked Protocol cryptocurrency, the project presents a moderate investment opportunity with a current score of 4.57 out of 10. There are areas of strength, such as the experienced team and social media activities. However, concerns surrounding audit & security, tokenomics, and ecosystem development suggest potential risks.

Investors must consider these scores while making decisions. The potential of Hooked Protocol lies in its unique approach to accelerating Web3.0 adoption. However, as it stands, the platform needs to address certain areas to enhance its attractiveness for potential investors. The project needs to focus on improving its ecosystem development, tokenomics, and product utility to foster growth and stability. Also, enhancing transparency and passing security audits would bolster investor confidence.

On the bright side, the Hooked Protocol’s approach of bridging the gap between crypto developers and potential users through a gamified learning platform is innovative. If they manage to successfully incentivize users and businesses to engage with Web3.0, this could indeed be a significant catalyst for broader adoption and growth.

In conclusion, the Hooked Protocol presents a mixed investment opportunity, with certain attractive elements offset by areas requiring substantial improvement. Its future potential largely depends on the project’s ability to enhance its security features, improve tokenomics, and stimulate ecosystem growth. Therefore, potential investors are advised to carefully consider these factors and keep an eye on the project’s developments in these areas.

Hence, while the fundamental analysis of the Hooked Protocol cryptocurrency reveals certain promising aspects, it also underscores the need for significant enhancements. It is thus crucial for potential investors to monitor the project’s progress closely, to ensure their investment decision aligns with their risk tolerance and investment goals.

Hooked Protocol (HOOK): A Brief Overview

Hooked Protocol (HOOK) is a gamified social learning platform designed to enhance Web3.0 adoption. The platform provides customized learning resources and onboarding support for businesses keen on engaging with Web3.0. It’s a concept that draws inspiration from CoinMarketCap’s Learn & Earn platform, effectively connecting crypto developers with a largely untapped market.

The Problem and Solution: Accelerating Web3.0 Adoption

Three major obstacles are decelerating Web3.0 adoption: lack of user motivation, a complex onboarding process, and the restriction of product availability to desktop only. Hooked Protocol believes that financial incentives for users and businesses to engage in Web3.0, along with gamified learning, can effectively overcome these hurdles and speed up adoption. The strategy is simple: once users and companies start earning digital assets, more of them are expected to engage with Web3.0.

Token Structure of Hooked Protocol

Hooked Protocol’s token structure is dualistic, featuring HOOK, a deflationary token with a fixed supply of 500m, and HGT, an in-house only utility token. The HOOK token is instrumental for voting and governance, gas fees payment, and accessing exclusive content such as NFTs.

Mission and Live Products of Hooked Protocol

The main ambition of the developers is to create an advanced ecosystem and an inclusive community that can provide improved scalability for transitioning users from Web2.0 to Web3.0. Hooked Protocol’s operational products encompass the Proof of Work & Time (POWT) Mining Game, Quiz-to-Earn, Social Referral, and Stake & Swap.

Founders of Hooked Protocol

The Hooked Protocol team consists of three key individuals: Jason Y. (Founder), Mike Y. (CTO), and Jess L. (CMO), each possessing significant experience in growth strategy, engineering, and marketing in tech giants like Uber, Meta, and Google.

What Sets Hooked Protocol Apart?

Launched through the Binance Launchpad and supported by Binance and Sequoia, Hooked has a unique value proposition. Its pilot DApp, Wild Cash, presents gamified learning services. With three million monthly users already on board, the DApp allows them to earn currency by completing quizzes and secure soul-bound tokens linked to their real-world identities.

Key Features of the Hooked Protocol App

The Hooked Protocol app offers features like the Gateway for Web3.0 onboarding, designed with incentives, a gaming experience, and an easy-to-use wallet. It also includes DApps that integrate GameFi learning and Quiz-to-Earn, with the pilot DApp being Wild Cash. Other features include the Proof-of-Work & Time (PoWT) mining game and Stake & Swap facility for digital assets management. The Social Referral feature also allows users to earn rewards by introducing the platform to their networks.

Where Can You Buy Hooked Protocol – HOOK?

HOOK can be purchased on cryptocurrency exchanges such as Binance, Bithumb  and PancakeSwap v2.

All you need to do is create a  free account on any of these exchanges and start trading.

Fundamental analysis of the cryptocurrency Hooked Protocol

Hooked Protocol - HOOK performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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SCORE: 5.39
RATING: Average