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Hooked Protocol

HOOK Shariah
$0.7749
-6.59% (24h)
Market Cap
$116.33M
Consensus
Screening
Q4 2022
Status
Shariah

Shariah Judgement

Hooked Protocol aims to help Web2 users transition into the Web3 ecosystem. Hook proposed for streamlined and fun gamified learning mechanism, Wild-Cash app (the all-in-one Learn-to-Earn- DApp) and Web3 Onboarding Combo. Overall, Hooked Protocol are neutral.

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Detailed Screening Breakdown

Category Details Status
Legitimacy Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". Passed
Project Hooked Protocol aims to help Web2 users transition into the Web3 ecosystem. Hook proposed for streamlined and fun gamified learning mechanism, Wild-Cash app (the all-in-one Learn-to-Earn- DApp) and Web3 Onboarding Combo. Overall, Hooked Protocol are neutral. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token HOOK used for governance purpose while HGT used as incentive token Passed
Staking Method Stakers receives staking incentives as holding rewards. Passed

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Official Reference

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