Proven track record of success
Tackling a real issue in crypto
Lower ranks are better
Community driven approach
Solid team, over 300 companies working with Hacken and established partnerships
Wide range of services and existing products
Vast market potential
Proven track record of success
Tackling a real issue in crypto
Token can’t be traded on secondary markets
The value depends solely on the teams efforts to bring the cybersecurity community together
Not enough interest in joining the community
Competition might take over
Hacken is a cybersecurity expert group that includes companies and individuals working as cybersecurity consultants and offering related services for both non-blockchain and blockchain-based projects. It was established in 2017 with headquarters in Kyiv but operated globally and is a trusted partner of Vechain, CMC, Oneledger, AirAsia, and many more.
Hacken Group is the umbrella entity behind Hacken Cybersecurity Services and its other solutions and platforms such as CER.live - exchange certification and audit platform, HackenAI - mobile app to control your personal security; and HackenProof - crowdsource security bug bounty platform.
Specializing in blockchain security, it offers services in:
Blockchain protocol security
Ethereum contract audits
Eos contract audits
Tron contract audits
Hacken has become a big name in the cybersecurity world, establishing itself as a leader in the blockchain space, especially due to their product regarding cryptocurrency exchange security auditing and ranking.
The group is an ecosystem of Big Four professionals and white hat hackers who fledged to provide services to private individuals and companies and blockchain projects. Their vision is to build a solid foundation of products, scale new and existing solutions, and ensure the mass adoption of our native utility token, HAI.
The ecosystem’s native token HAI serves to fuel the development of these products and services and is used as an exclusive payment option within the Hacken Foundation, the online marketplace where pre-approved cybersecurity specialists can come and offer their services to other companies or individuals.
Establishing this structure aims to increase security and trustworthiness in the crypto space by providing incentives for cybersecurity specialists to contribute their expertise to the upcoming projects or enhance the existing ones.
Hacken targets three audiences. Cybersecurity specialists (individuals or companies) are brought together in the Hacken Group and later the Hacken Foundation. Their role would be to provide their services and knowledge to the ecosystem and contribute to their work. They can also participate in the HackenProof and work for bounty in searching and fixing bugs.
The second target groups are blockchain-based projects and platforms that can request an audit of their protocol, dApp, or exchange. This is done through the Hacken.io platform that offers a wide range of services but not only limited to the blockchain, as those include vulnerability assessment, threat modeling, cloud security assessment, social engineering, DDOS resistance, and so on.
The third target audience is the ordinary user who wants to stay protected in the online environment. This is done through HackenAI mobile and web-based applications that offer multiple ways of protection as well as education on cybersecurity.
Hacken Group operates several products and already has an ecosystem of applications for both B2B and B2C.
Hacken.io is a cybersecurity service provider that focuses on enterprise and specializes in blockchain security and auditing. They offer a wide range of services that can be categorized in:
|Blockchain security||Penetration testing||Security assessment|
Blockchain Protocol Audit
Ethereum Contract Audit
Tron Contract Audit
EOS Contract Audit
Android Penetration Testing
iOS Penetration Testing
Network Penetration Testing
Cloud Security Assessment
The next product is called CER, which stands short for Crypto Exchange Ranks. It continuously develops a security risk scoring methodology with the mission to alert crypto enthusiasts of security risks when dealing with digital asset platforms.
The third product is user-facing and is the mobile and web application for personal cybersecurity called HackenAI. This application includes:
Lastly, HackenProof is a platform that offers a bounty as an incentive for hackers and cybersecurity specialists to find bugs in other platforms and projects and in that way is crowdsourcing these services to help businesses protect their digital assets, as well as the personal data of customers and their online reputation.
Hacken is the leading cybersecurity and security audit consultancy and service provider in the blockchain space. This is why they can proudly say that they have over 300 companies already used their service or products. Out of those, the most notable ones are Nucleus Vision, crypto exchange FTX, VeChain, OneLedger, Bithumb, 1inch exchange, AirAsia, Liquid, and many more.
You can find many of the case studies where their service or product has been implemented and benefited the client on their website.
Besides these examples, CoinGecko is a partner and utilizes their CER ranking to provide a trust score on many projects and exchanges listed on their website.
Hacken’s native HAI token is used as a utility token within their ecosystem to pay for the services or participate on platforms. This is why HAI’s value is tethered to the goods and services sold for it. The value of a token is determined by the number of goods that can be purchased with it.
HAI can be used for the following 5 key purposes:
1. Hacken B2B products
Paying in HAI for the services gives the payer discounts and additional benefits.
2. HackenAI B2C utility
Users can pay in HAI to use the HackenAI application for personal security and online protection. Instead of paying monthly for the product, they can stake 100$ worth of HAI for lifetime access.
3. Hacken Foundation
One of the main features of this new platform is that all transactions for products and services will be exclusively made in HAI tokens - the native utility token of the Hacken ecosystem. Discounted services and promotional free products and trials will also be made available for existing Hacken Members.
4. Sustainable growth protection
50% of Hacken Group’s fiat net profits from cybersecurity consulting are held in a Sustainable Growth Reserve (SGR). Just like the Governments' Foreign Exchange Reserves, the Hacken Core team will use the reserves to support HAI with automatic buy orders during bearish price fluctuations. The levels of price protection are set once a year. HAI bought through SGP are immediately burned.
Hacken Partners would be involved in following the decision-making process:
HAI supply lock-ups
Annual yields for Hacken Associates and Partners
Development budgets set up
Community fund distribution
Hacken Foundation members validation
A decentralized automated market maker platform will also be built for the purpose
of convenient HAI acquisition through the most commonly used cryptocurrencies.
HAI token started as an ERC20 token on top of Ethereum called HKN, but the migration occurred on April 29th, 2020, to the VeChain Thor network.
The total supply is 1,000,000,000 HAI. Out of those, Currently, there are 258,550,532 in circulation while the other is either locked up in the Hacken Foundation cold wallets or in the Reserves. In the table below, you can see the full token distribution model per white paper.
Only 4% of the total supply was allocated to the public sale for the purposes of using the HackenAI platform. The sale was conducted between the 13th and 14th of April 2020 as an IEO on OceanEx Exchange. They managed to reach their hard cap of 400,000 USD which brought the token sale to success.
As the cryptocurrency market is still very young, especially some of the decentralized applications built on top of Ethereum, there is always room for security improvement. More so, due to the technical knowledge involved with operating in the crypto space, users are often exposed to scams and phishing attacks.
This is why Hacken has the whole cryptocurrency market to operate in both on the side of the project and platform built and on the sides of users that engage with them.
That can but may not reflect positively on the HAI token, which is unlisted from exchanges and is used internally within the ecosystem. But if the tokens value is generated by the number of services provided by the cybersecurity community, it will cause an increase in value with the increase of the entire market.
DeFi space is also a niche market within crypto that can benefit the most from the services Hacken offers as the majority of DeFi dApps are build using smart contracts which aren’t always safe and security which was proven to be catastrophic in some instances for users and can cause a loss of funds. If the Hacken seal of approval becomes the assuring factor for these projects, they can generate more reliability and user adoption so that the Hachen approval becomes the new norm without which the project would be viewed as risky.
The project has the biggest presence on Twitter with an active follower that are engaging with the tweets. Next in line is their Telegram group where more community-based communication is going on, and people immersed in the ecosystem can come together. Hacked has a strong Medium blog with over 5.5K followers and is regularly making updates and announcements there. On LinkedIn, they have the least followers but objectively looking still a significant number.
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