Everything is for education. Yes, the education sector is one of the key sectors promoted by Binance. Today, let's talk about the WEB3 education sector.
Yijie stated in an interview, "Financial education is the key to promoting inclusiveness." As a leader in the crypto market, venture capital institutions with keen senses undoubtedly pay attention to its trends. For secondary market participants like me, whether it's Yijie, CZ, or Binance's official promotion, they are constantly promoting the education sector. In the future, Binance will continue to create a safer and fairer trading and investment environment for users through education and investment, and contribute to the industry's healthy development by building trust in new technologies with various sectors of society.
Web3 is the next generation of internet technology. This concept is relatively new, but many projects in the blockchain field are focused on developing Web3 because it has many benefits, including returning control to users. However, there is still a long way to go to achieve mass adoption of Web3.
Let's start with today's HOOK.
What is the HOOK Protocol (HOOK)?
The Hook Protocol is a Web3 gamified social learning platform that provides customized learning products.
It builds enterprise entry infrastructure and decentralized applications (DApps) to help more enterprises enter Web3, ultimately building a community-shared economic ecosystem.
Benefits of HOOK:
Innovative educational methods
Social recommendation mechanism
Enterprise entry solutions
What achievements has the Hook Protocol made so far?
The first DApp of the Hook Protocol, Wild Cash, was launched at the end of 2022 and is currently the largest DApp on the blockchain. The application has over 3 million active users per month, serving as a gateway for accessing Web3 resources in emerging markets.
The Hook ecosystem is gradually exploding, and there will be many good projects cooperating with Hook. The external traffic of Hook is officially transitioning to internal traffic, and the application scenarios of Hook are increasing.
The hook mechanism is about to be launched, and a large number of stakes will be locked.
Turkey and South Korea are particularly hot, especially the South Korean market.
By market value, the current circulating market value of Hook is approximately 50 million USD.
According to CoinMarketCap data, it ranks around 320th in the total market value of the entire network.
For the entire education sector market, such a valuation undoubtedly still has a lot of room for growth.
Sequoia Capital launches Hook Protocol 2.0 proposal
Why did Sequoia introduce the Hook Protocol?
The Hook Protocol was launched on Binance in 2021, attracting market attention and discussion. It is also the first blockchain project for learning incentives and tracking. The Hook Protocol allows users to discover and learn knowledge, complete gamified tasks, and earn corresponding incentive tokens. The Hook Protocol guides users to complete relevant knowledge points through gamified and socialized tasks. This relatively simple approach is easily of interest to people. At the same time, through integrating social functions, users can also engage in communication, making it easier to gain user recognition and stickiness.
During the current bear market, the number of DC and Twitter users of the Hook Protocol is approximately 120,000. It is expected that in the next bull market, the Hook Protocol will attract at least millions of active Web2 users to enter Web3 through these incentives and form and develop a Web3 education community. With the development of the cryptocurrency and blockchain industry, the Web3 education track is a blue ocean market with stable and potential growth prospects. This is an important reason why institutions such as Sequoia and Binance chose to hook the Protocol.
Specifically, it is as follows:
- Build the world's largest social learning metaverse network to enhance user experience
Incentivize users to participate in Web3 learning in various ways and guide more users to participate in Web3 learning through social networks. Form a comprehensive Web3 discussion and learning community. This community is very different from traditional communication communities such as forums and Baidu Tieba, increasing user affinity.
- HOOK application chain, HOOK will serve as a GAS token
Through cooperation with partners, the HOOK Protocol will add new AppChain infrastructure supported by HOOK tokens as GAS.
- Enable HOOK tokens
In addition to increasing the usage scenarios of HOOK tokens through GAS applications, the usage range of HOOK tokens will be further increased through verification nodes, staking, and other multi-axis methods, which will further increase the market demand for HOOK tokens and bring direct benefits to the currency price.
What can the HOOK Protocol be used for?
The main utility of HOOK tokens is for community governance, and the Gas token is used for platform chain activities, commitment rewards as holding rewards, displaying status signals and personalized social elements, and valuable innovation that helps the long-term prosperity of the ecosystem.
One of the most basic functions of the HOOK ecosystem governance platform token is community governance, representing the rights and voting rights in the ecological proposal.
As we are building Rollup infrastructure on top of L1 to support our DApp ecosystem, HOOK will be used as the Gas token for all economic activities. In the future, dapps built on the HOOK platform-based ecosystem will also use HOOK as the Gas token for on-chain transactions.
Privileged community members who own exclusive NFT tokens and participate in community activities will be incentivized to hold tokens to participate in exclusive community activities and receive grants to purchase limited edition platform NFTs, reflecting the social status and network influence of the community.
In addition, HOOK will invest in innovative practices that benefit individual participants and the entire enterprise ecosystem, ensuring that substantial liquidity and token value will be directly proportional to the success of the entire community.
In summary, the optimistic views of HOOK are as follows:
Establish various incentive mechanisms, user-friendly wallets, and decentralized identities for users.
Gamified learning experience: a simplified education system that combines immersive (experience-based) learning and inquiry-based (curiosity-based) learning experiences. Gamefied learning experience teaching web3 concepts. Web3 simulation experience allows users to participate in popular areas of cryptocurrency, such as NFT and GameFi; provide innovative learning experiences through short videos in an interesting and engaging manner.
Application infrastructure: Integrated infrastructure will bring more applications and businesses into the web3 and hook ecosystem.
Recently launched a $50 million education ecosystem fund to carry out cooperation between educational institutions!
I personally choose to lay some groundwork and become one of the long-term currencies in the web3 ecosystem!
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