Next trend, five reasons to pay attention to the Hooked Protocol

The recent performance of the cryptocurrency market has been good. With the discussion of BTC ETF concepts and inscriptions, many projects have started a new round of layout. Regardless of whether it's for the project party, institutions, or investors like us, everyone has tacitly formed a consensus that the bull market is estimated to arrive soon. It is for this reason that many have chosen to make their moves at this time. The recent actions of Hooked Protocol, which focuses on Web3 education and incentives, have frequently sparked market discussions. Overall, Hooked Protocol has obvious advantages and potential, and it may become the next important trend. Currently, Hooked Protocol is still in the early stages and can be given appropriate attention. Below are our reasons for paying attention to Hooked Protocol, and we also welcome discussions.

1. First-mover advantage in the industry dividend

For investors, choosing potential projects is an important goal. Each bull market brings a lot of new blood into the cryptocurrency field, so the basic education for newcomers transitioning from Web2 to Web3 is particularly important. It will also become a "must-have" for many new participants. Based on this logic, Hooked Protocol has a certain first-mover advantage. Currently, Hooked Protocol is doing very well in the direction of Web3 education and incentives, and has been listed on Binance, receiving support from top institutions such as Sequoia Capital. Therefore, it will also receive more attention due to the bull market trend.

2. Positive impact of the Hooked 2.0 proposal

Recently, Hooked Protocol has mainly promoted the Hooked 2.0 proposal. After carefully studying the details of the proposal, we believe that it mainly discusses two things:

The first is the integration of new features, which in simple terms means integrating AI, metaverse, and Web3 education together. The new features will attract more users to participate and also increase the token demand.

The second thing is to increase token applications and staking to reduce the actual circulation. This mainly includes the launch of the AppChain application chain, using HOOK as the gas token, which will have a significant impact on HOOK. In addition, there are also validator nodes and staking, all of which require the use of HOOK. In the long run, HOOK will become a necessity within the entire ecosystem, not just a governance token or incentive token.

3. $50 million education ecosystem fund

The official launch of the $50 million education fund indicates two points:

First: The official has sufficient funds and vision

The development of many projects is closely related to the vision and funding of the project party. A project with vision but no funding can only rely on user popularity to see if it can develop, while a project with funding but no vision often plays a good hand poorly. It goes without saying that a project with neither funding nor vision is even less worth mentioning.

For investors, we should try our best to find projects with both funding and vision. At least in a bull market, the possibility of token appreciation will be very high. Having funding and vision means being willing to invest money to promote project development, while also having a promising goal and roadmap. We can see these two points through Hooked Protocol's $50 million education ecosystem fund, which shows that the project party is willing to "make things happen," which is already stronger than many other project parties.

Second: Hooked Protocol aims to use this method to incentivize more Web2 users to use its products, thereby gaining a larger user base, which will further expand Hooked Protocol's user base.

In the cryptocurrency race, the success of a project is closely related to its user base. A large amount of user traffic can give the project a higher valuation. Hooked Protocol can also firmly establish itself as the entry point for Web2 to Web3 through this method. The user base of Web2 is currently much larger than that of Web3, and the prospects are very broad, and the demand after the bull market arrives will also be very high.

4. Collaborating with Google Cloud to drive AI-driven innovation in Web3 education

Hooked Protocol has been actively laying out the deep integration of AI and Web3 education. It previously collaborated with SurgeAI and is now collaborating with Google Cloud to introduce AI into Web3 education. On one hand, this can enhance the product experience. The prospects for AI are very broad, and the corresponding application landing also has great potential. Hooked Protocol also uses token incentives to attract users, making it easy to create a popular project.

On the other hand, the collaboration with Google Cloud also indicates that Hooked Protocol's strength has been recognized by Google Cloud. At the very least, there are no issues with the project background and team, and users can feel confident in experiencing the product.

5. Actively expanding into more markets

In addition to the above, Hooked has also been actively expanding its market recently, including:

• Hooked Stake plan's NFT challenge to incentivize staking
• Participation in the "BNB Eco-Brain" open creation competition to discover creator KOLs and provide generous rewards
• Collaboration with Lifeform for activity airdrops
• Web3 Quizzes Contest competition at multiple universities in Vietnam
• "Hooked in Korean Firefiesta" event in South Korea

The implementation of multiple activities also indicates that the team is actively opening up the market and is willing to spend time, energy, and money to make more people aware of HOOK.

Conclusion

The success of a project depends on multiple factors, and Hooked Protocol currently has three major advantages: the right timing (early stage of the bull market), favorable conditions (huge trend in Web3 education), and teamwork (frequent actions by the team and broad prospects for the product). Relative to others, the project is also more likely to gain market attention and recognition, thus becoming the next trend.

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