Recently, the cryptocurrency market has performed well, and many projects have started a new round of layout when discussing the concept and inscription of BTC ETF. In fact, whether it is for the project party, institutions, or for us investors, everyone has formed a consensus very tacitly, that is, the bull market is expected to arrive soon. Therefore, hook Protocol, which focuses on Web3 education and incentives, has frequently sparked market discussions. Overall, hook Protocol has obvious advantages and potential, and may become the next important opportunity. Since hook Protocol is still in the early stages, you can focus on it. Here are our views on why we are interested in hook Protocol.
- Industrial dividend first-mover advantage
For us investors, choosing promising projects is an important goal, and each bull market will see a lot of new blood entering the cryptocurrency field. Therefore, the basic education from Web2 to Web3 for newcomers becomes particularly important and will also become a "must" for many new participants. Based on this logic, hook Protocol has a certain first-mover advantage. Currently, hook Protocol is a very good project for Web3 education and incentives. It has been launched on Binance and has received support from top institutions such as Sequoia, so it will also receive more attention due to the bull market.
- Positive impact of hook 2.0 proposal
In the near future, hook Protocol will mainly promote the hook 2.0 proposal. For details about the proposal, you can refer to the official article. After careful study, we believe that the article mainly discusses two things:
First, the integration of new features, in short, the integration of AI, metaverse, and Web3 education. The new features will attract more users to participate and will also increase the token scene, increasing market demand.
Second, increasing token application and staking lock, reducing actual circulation, mainly including the launch of the AppChain application chain, with HOOK as the Gas token, which will have a significant impact on HOOK. There are also verification nodes and commitments that need to be linked. In the long run, linking will become an indispensable presence in the entire ecosystem, not just managing tokens or incentivizing tokens.
- $50 million education ecosystem fund
The official launch of the $50 million education ecosystem fund shows two things:
First, the authorities have sufficient funds and structure.
The development of many projects is closely related to the scale and funding of the project party. If a project has scale but no funding, it can only rely on the popularity of its users to determine whether it can develop. Without scale, funding often leads to a good hand being played poorly, and without funding and scale, it is even more difficult. For investors, we should try to find projects with funding and a model, at least in a bull market, the possibility of token appreciation will be very high. The $50 million education ecosystem fund of hook Protocol indicates that the project is willing to "do things well," which is better than many other projects.
Second, hook Protocol hopes to motivate more Web2 users to use its products through this fund, thereby gaining more users, which will further expand the user base of hook Protocol.
In the crypto circuit, the success or failure of a project is closely related to the user base. A large amount of user traffic can give a project a higher valuation. The hook Protocol can also become an entry point from Web2 to Web3 through this form. The number of Web2 users far exceeds that of Web3, and it has a very broad prospect. Moreover, there is also a great demand after the bull market.
- Collaborating with Google Cloud to revolutionize Web3 education with artificial intelligence
hook Protocol has been actively integrating AI with Web3 education. Previously, hook Protocol collaborated with Surai, and now it is collaborating with Google Cloud to introduce AI into Web3 education. On the one hand, hook Protocol can improve the product experience. The corresponding application landing also has great prospects, and the hook Protocol also attracts users through token incentives, making it easy for hook to become a heavyweight project.
On the other hand, the collaboration with Google Cloud also indicates that hook Protocol's strength has been recognized by Google Cloud. At least there are no issues with the project background and team, so users can confidently experience the product.
- Actively exploring more markets
In addition to the updates and actions mainly through products mentioned above, recently, hook has also been actively expanding its market, including:
NFT challenge of the hook betting plan to incentivize everyone's bets.
Participation in the "BNB Ecosystem Brain" open creation competition to discover creators and KOLs, and provide generous rewards.
Active airdrops in collaboration with Lifeform.
Web3 quiz contests held at major universities in Vietnam.
Falling in love with the fireworks in Korea.
The implementation of multiple activities also shows that the team is actively exploring the market and is willing to spend time, energy, and money to let more people know about HOOK.
Conclusion
The success of a project is related to many factors. Currently, hook Protocol has three major advantages: timing (early bull market), location (Web3 education is a huge air), and people (frequent team actions, product prospects). Relatively speaking, the project is also more likely to attract market attention and recognition, thus becoming the next big thing.
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