About Hooked Protocol
Hooked Protocol is a decentralized data exchange protocol built on the Ethereum blockchain, aimed at providing web3 applications with secure and reliable access to off-chain data sources. It is designed to enable data providers to monetize their data and data consumers to access data securely and efficiently, while also allowing developers to create new data-driven applications on the blockchain. The protocol uses a token-based incentive system to incentivize data providers to contribute their data, and data consumers to pay for the data they consume.
The HOOK token is used to pay for data and to incentivize data providers to contribute data to the network. The Hooked Protocol team includes experienced developers, blockchain experts, and business professionals, and the protocol is backed by prominent blockchain investors.
About $HOOK token
$HOOK is the native utility token of the Hooked Protocol, used for transactions within the ecosystem, including payment for data access and providing incentives for data providers. The token is an ERC-20 token built on the Ethereum blockchain and can be stored in any ERC-20 compatible wallet. The total supply of HOOK tokens is 10 billion, with a circulating supply of 1 billion.
The Hooked Protocol team has implemented several measures to ensure the stability and growth of the token, including a buyback and burn mechanism and token staking rewards for holders. As the Hooked Protocol aims to become the leading decentralized data exchange protocol in the web3 ecosystem, the adoption of the HOOK token could potentially increase as more web3 applications integrate the protocol and more data providers and consumers join the network.
How to buy $HOOK with a payment card
1. Enter the amount of $HOOK and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $HOOK wallet
You are given the option to enter your $HOOK wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $HOOK with a credit and debit card.
Market Position and Adoption: Hooked Protocol (HOOK) is a cryptocurrency token that was launched on Binance Launchpad. It has a current ranking of #271 and is on 16,862 watchlists. The token is designed to incentivize social media influencers to promote products and services through the Hooked platform. The market capitalization of HOOK is $87,738,642, and it has a fully diluted market cap of $896,606,075.
Technology and Platform: The Hooked Protocol operates on the Ethereum blockchain and is designed to work seamlessly with social media platforms. It is a decentralized influencer marketing platform that connects businesses with social media influencers to promote their products and services. The platform uses smart contracts to ensure transparency and reliability in influencer marketing.
Team: The team behind Hooked Protocol comprises experienced professionals in the fields of blockchain technology, marketing, and business development. They are dedicated to making the influencer marketing industry more efficient, transparent, and cost-effective. The team includes experts from various industries, including blockchain, marketing, and social media.
Competition: Hooked Protocol is not the only player in the influencer marketing industry. Other companies, such as Aspire, IndaHash, and HYPR, also provide influencer marketing services. However, Hooked Protocol's unique approach to incentivizing influencers sets it apart from other players in the market.
Supply: The total supply of HOOK tokens is 500,000,000, with a circulating supply of 50,000,000 HOOK tokens. The token is available for trading on various cryptocurrency exchanges, and its trading volume is relatively high.
1. Market Risk: As with any cryptocurrency, the price of HOOK may be affected by market volatility and fluctuations. This can be due to changes in market sentiment, regulatory action, or other factors that may be difficult to predict.
2. Adoption Risk: The success of the Hooked Protocol platform depends on its adoption by users and developers. If adoption is slow, it could impact the demand for HOOK tokens, potentially leading to lower prices.
3. Competition Risk: Hooked Protocol operates in a highly competitive market, with other blockchain-based platforms offering similar services. The success of Hooked Protocol may depend on its ability to differentiate itself from its competitors and to attract and retain users and developers.
4. Technical Risk: The Hooked Protocol platform relies on blockchain technology and smart contracts, which are still in their early stages of development. Technical glitches, security vulnerabilities, or other issues could impact the functionality and usability of the platform, potentially leading to a loss of user confidence and lower demand for HOOK tokens.
5. Regulatory Risk: The regulatory environment for cryptocurrencies is still evolving, and new laws and regulations could impact the operations of Hooked Protocol and the demand for HOOK tokens. Changes in regulatory requirements could also increase compliance costs for Hooked Protocol, potentially impacting its profitability.
Potential market development triggers
New Partnerships: Hooked Protocol can collaborate with major companies to provide more payment options and expand its user base. Partnership with popular e-commerce platforms, gaming companies, or social media networks could help to boost the adoption of HOOK token as a means of payment.
Integration with Popular Wallets: Integrating HOOK token with popular digital wallets and payment systems can significantly increase its liquidity and accessibility. This can attract more users to the platform and result in increased demand for the token.
Increased Adoption in Emerging Markets: Expansion into emerging markets where there is a high demand for digital payments can lead to a surge in the adoption of HOOK token. By targeting markets such as Asia and Africa, Hooked Protocol can gain a significant advantage over competitors and establish a foothold in these regions.
Regulatory Compliance: Compliance with regulatory requirements can provide Hooked Protocol with a competitive edge in the market. By meeting regulatory standards and obtaining licenses, HOOK token can become a more trusted and reliable means of payment, which can boost adoption among institutional investors and larger corporations.
Development of New Use Cases: Hooked Protocol can explore new use cases for HOOK token, such as rewards programs, loyalty points, or incentives for early adopters. By introducing new and innovative use cases for the token, the platform can attract a wider range of users and create more demand for the token.