Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HOOK (Hooked Protocol) and support its trading soon. For the listing time, please pay attention to the further announcement.
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn and Earn products and onboarding infrastructure for users and businesses to enter the new world of web3.
With our pilot product Wild Cash offering Quiz-to-Earn and other gamified learning experiences, having attracted over 2 million members to the community, Hooked is aiming at forming an engaging ecosystem of community-owned economies by facilitating and optimizing the onboarding flows for all Web3 pathfinders.
Hooked tokenomics adopts a segregation strategy by applying a single token (HOOK) oriented structure supplemented with an in-ecosystem only utility token (HGT - Hooked Gold Token), reflecting real value and enabling common use case functions, to avoid the scenario where pump and dump schemes happen.
(1) HOOK: Governance token that reflects the value of the Hooked protocol ecosystem.
(2) HGT (Hooked Gold Token): The in-ecosystem only utility token with which the community is constantly incentivized and motivated to make dynamic contributions.
(3) uHGT (unlocked Hooked Gold Token):
Token derived from the mechanism for managing the liquidity of HGT, combating speculation risks when a token’s price volatility could bring down reputation and value of the network.
Though HGT itself is non-liquidable, a community-driven and algorithm-adjusting unlocking mechanism of uHGT is applied to ensure a sustainable model.
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
Nov 25, 2022