It is very very very catchy. Its like something that a live disco electro band would play to get the crowd dancing.
It needs alot of work. there is alot of empty space. The ending of the loop sounds like it would go into a nice bridge or even a chorus. All the ideas you have in this track are solid, catchy and executed pretty well. Its just needs moar of it. If you can extend this and polish it up without losing the hookiness of it then this can be an awesome track.
Try making a few more bass lines. i like the rhythm of the bass but try tweaking the sound a little and the notes. Also its going to need a solo type lead somewhere in there and when you make the bridge your going to have to quiet it down to have a nice drum buildup. then you can just bust out at the end.
Personally i would make more vocoder samplers to thro in there. Something like disco funk. Sort of like a disco mantra like "we dont need fire let the motherfucker burn".. But not that one, haha its been used way too much. Something more extended on -Sock it to me- example would be "Sock it to me, hit the beat in the back. "Gimme some bass" just some cheesy one liners. Or maybe even have some singing.
. Im not even sure if im making sense to you, LOL
Also dont be afraid to toss in little bleeps here and there and get minimal in some parts. it will definitely add some texture to the song and also keep the listener interested to hear what is going to happen next.
i would say your on the right track. just needs more time spent on it.