Utility-Powered Membership Program and New Exclusive Level

6 min read

Hacken Membership Program is a unique initiative designed to incentivize and reward our community members for their loyalty, participation, and contribution to the Hacken ecosystem. It offers a range of benefits and privileges that enhance Members’ experience, increase their returns, and unlock exclusive opportunities to become a part of the Hacken community.

As the Hacken ecosystem continues to grow and expand rapidly, the Hacken Membership Program is evolving to provide more benefits, opportunities, and rewards to the Members. The new changes to the Membership Program are designed to encourage greater participation and engagement in the Hacken ecosystem by remunerating those who contribute to its growth and development.

Since the speculative-based perks are to be eliminated from the HAI token, the upgraded Membership will be built primarily not on yield bonuses but on product utilities to obtain value in products for staking and receive the wage for inputting to the ecosystem.

The innovative Program will provide 4 Membership levels with varying accesses, terms of participation, responsibilities, and concessions to create a cohesive ecosystem structure, ensuring strong bonds between the Hacken B2C products & initiatives and HAI holders through:

  • Getting Voting Power with Membership staking and increased yield for personal inclusiveness in the voting process
  • Grown amount of Trust Fuel for completing Trust Army tasks
  • Obtaining Trust Army Ranks to open access for further earnings and study at the Academy
  • Participation in hDAO Committees with salaries and a possibility to become a Delegate (accessible to superior Levels Members)
  • Unique Membership opportunities, Trust Army Special Courses, Hacken Live Events (accessible to superior Levels Members)

Voting Power: Benefit from the Governance Process in Direct Ratio

Voting Power is the core change to the Membership Program. Hacken believes in the importance of community involvement and engagement in the decision-making process and thus rewards those who actively participate.

Voting Power allows Members to participate in the decision-making process of the Hacken Decentralized Autonomous Organization (hDAO), which governs the Hacken ecosystem. To get 1x Voting Power, a Member should stake 1x HAI token. Besides, Members who participate in the ecosystem development by voting or delegating Voting Power in the hDAO decision-making process will receive the APY for their staked HAI.

Members will benefit from a 1% APY if they delegate their Voting Power to another Delegate. A higher 3% APY will be accessible for those who use their Voting Power to participate in the voting process directly. By voting personally, you not only have a direct impact on the ecosystem’s decisions but also have the opportunity to earn a higher yield for the HAI tokens you stake.

The difference between delegating Voting Power and using it to vote on Proposals by yourself lies in the amount of responsibility and involvement a Member has in the decision-making process of the ecosystem. On the one hand, when you delegate your Voting Power to someone else, you essentially trust them to decide on your behalf. While this can be a convenient option, it also means that you have less direct control over the outcome of the decisions.

On the other hand, when you vote personally, you take full responsibility for your decisions and impact the decisions’ outcome directly.

Thus, the level of involvement and responsibility is rewarded with a higher APY of 3% for the personal voting process compared to the 1% APY for delegated one.

That means only those who bring value to the ecosystem will be rewarded by aligning the Members’ incentives with the ecosystem’s goals.

Hacken believes in the importance of community involvement and engagement in decision-making and thus rewards its active participants. By voting personally, you not only have a direct impact on the ecosystem’s decisions but also have the opportunity to earn a higher yield for the HAI tokens you stake.

Trust Fuel: Unlocking New Prospects in Completing Missions

Another crucial benefit of the Membership Program is Trust Army Fuel. Trust Army gains its exceptional importance for new Members and those who believe in our mission of building Web3 where Trust is a default. As was previously announced, Trust Army provides a straightforward way to earn HAI regularly while making a significant and visible impact on the industry.

Trust Fuel provides members a daily allowance that accesses Trust Army Tasks completing.

Additionally, participating in the Trust Army allows members to learn and develop new skills, creating a valuable opportunity for personal growth and development. Members also have the chance to receive NFT rewards, which opens up additional possibilities in the ecosystem, including VP multiplying.

The new Membership Program is designed to reward hardworking and dedicated Trust Army users who bring value to the Hacken ecosystem. By joining the Membership Program, Trust Army soldiers attain special Trust Army statuses, coming with a range of benefits, including the ability to lead a group or check the work of others that can significantly increase your daily HAI reward.

However, it’s important to note that attaining these statuses is not a given. Therefore, Members should demonstrate their commitment to the Hacken ecosystem by showing specific results and adding value to the Trust Army. But only Hacken Members are eligible for these special statuses, making it an exclusive opportunity to be thoroughly dedicated to the growth and success of Hacken.

In addition to Voting Power, Trust Army Fuel, and special statuses, the new Membership Program provides the option to become part of Committees that play a vital role in shaping the ecosystem. Members who join a Committee can gain valuable experience, build their network, and contribute to the growth and success of Hacken by carefully selecting and nurturing the most promising RFPs to help bring them to life as fully-fledged Proposals.

Marking Members’ Efforts: Soulbound Tokens Integration

Soulbound Tokens usage is another mark of the new Hacken Membership. Generally, Soulbound Tokens are lifetime access approval and achievement NFT medals.

Our Soulbound Token system will reflect Member’s reputations that can build on the history of interacting with Hacken products. Soulbound Tokens will benefit the entire ecosystem and help focus the most engaged Members, rewarded for their contributions.

Soulbounds also show a user’s Membership level and achievements in Trust Army, hDAO, and other products.

Here is some example of Soulbounds usage in the upcoming Hacken Membership:

  • Providing access to Trust Army Workers to Missions and Academy
  • Providing certificates for Trust Army Workers and Trust Army Validators
  • Providing Voting Power multipliers for hDAO
  • Providing ethical hackers with achievements for detecting outstanding bugs

After a user meets the requirements to get a Soulbound Token, he should claim it into his hAPP wallet. Soulbound Token can’t be transferred to anybody else or any other wallet. It’s connected to your soul (wallet) only.

Announcing Level 4 – Exclusive Hacken Membership Level

Rise to the top. As part of Hacken’s revamped Membership Program, members can now strive to reach Level 4, the new and the most beneficial one.

Level 4 is a Membership Program for HAI holders who want to go beyond being a part of Hacken and become true insiders like core team members and even more. Level 4 is designed initially for the last HAI utility to be announced on 1 March with the new HAI Tokenomics. Speaking of secrecy, this is the most anticipated utility from Dyma Budorin, the Hacken CEO, that he will announce personally.

To join Level 4, one is required to stake 2,000,000 HAI — the highest entry threshold, which fully corresponds to the significance of the utility developed for this Membership Level. Level 4 offers exclusive benefits, such as access to Hidden Opportunities and invitations to Hacken Live Events, where they can meet and network with other members and industry experts.

With the new Membership Program, Hacken is taking a vast leap forward in building a community-driven ecosystem that rewards its members for their hard work and contributions. From increased Voting Power and HAI rewards to the opportunity to become part of Committees and even unlock exclusive Level 4 benefits, there has never been a better time to join Hacken and help shape the future of Web3. So, if you want to be a part of the most distinctive and unique Membership level, start collecting your HAI tokens now and be ready to jump in when the new Membership Program is released.

The new HAI Tokenomics release will be following soon. Join our Discord today and be ready to join our active unit, entering the innovative path of Web3 cybersecurity.