New HAI Tokenomics: Uniting Hacken Products Success with Community Involvement

The Hacken goal is to create a strong and trustworthy ecosystem to pave the way for the future of Web3. In 2022, we decided to change the HAI structure and community to its roots by creating a fully decentralized organization that manages HAI. Established in 2017, the Hacken community is evolving and scaling into hDAO.

In the Web3 industry, transparency is the key. Without it, the space will continue to be plagued by inferior projects with weak concepts, fraudulent activities, poor tokenomics, and scams that harm investors and the community. While data is critical to identifying bad actors, it’s so only through a motivated and fair community that this open, up-to-date, well-structured, and easy-to-use data can be collected and processed. That is why we released the new HAI Tokenomics, aiming to build Verifiable Trust in Web3. with the support of public goods and community-driven initiatives.

The new Hacken Tokenomics represents a crucial step forward for Hacken and the industry as it pioneers a new standard for its incentivization. The Tokenomics structure is designed to connect Hacken products, and encourage holders to participate in the ecosystem. With its transparent, fair, and deflationary structure, the new Tokenomics attracts a wide range of individuals committed to contributing to the industry.

Starting in 2023, HAI holders will be contributing to the Web3 industry, fortifying security, and developing public goods initiatives.

The new Tokenomics for HAI is set to revolutionize the HAI token and transform it into a Work-2-Earn, governance, and product-utility token. The new tokenomics structure connects all existing products with new ones, sharing a common idea, functions, and token mechanisms and pursuing the following goals:

• Convert the HAI token into an incentivized asset that brings value to the industry
• Implement a DAO governance model
• Connect B2B services success with HAI token
• Structure existing and future products with one key idea and build bridges with common mechanics for them
• Enhance current HAI token utilities such as Membership, special education programs, and services access;
• Create clear and high-powered deflationary mechanisms.

HAI Ecosystem Products and Utilities

The main HAI ecosystem products include ETD, HackenProof, Extractor, Trust Army, hDAO, and hAI as the core of the Hacken ecosystem, creating HAI utility, solving user goals, and uniting the company with its community.

ETD

The first cybersecurity stablecoin that bakes time for auditors’ teamwork — ETD (Engineering Team Day), connecting the Hacken business services with the HAI token.

Utility: the innovative offer allows B2B clients to buy 1 workday from a Hacken Auditor team of 4 people for 1 ETD at a fixed HAI/USDT price and merges Hacken business growth success with 3 pillars of successful Tokenomics: the organic market buying process, permanent liquidity growth, and deflationary mechanisms.

Hacken Extractor

A smart contract monitoring system by Hacken is designed to track code execution, transactions, and contract upgrades with over 1,200 potential users.

Utility: the system will be available for use with the HAI subscription plan, providing a 20% discount.

HackenProof

A bug bounty platform designed to find vulnerabilities and test the security levels of Web3 and Web2 products.

Utility: a new utility encourages white hat hackers to get higher rewards for detecting vulnerabilities through HAI Coupons purchasing. The Coupons come in three ranks: Rare, Epic, and Epochal, with higher membership levels providing access to more valuable coupons. All the Coupons offer a 5% bonus to the bounty.

Trust Army

A public goods initiative dedicated to improving the security and transparency of the whole Web3. It consists of two parts: Academy and Missions. Academy offers to gain web research skills and knowledge, while Missions focus on researching potential tokenomics and circulation supply issues like suspicious activity in Web3 projects.

Trust Army enables top players in the industry to convey timely, fresh, and objective information about the health of projects in the market, marking the Hacken contribution to Web3 development and its trustworthiness.

Utility: a Work-2-Earn utility allows Trust Army Workers and Validators to get rewarded for their correct reports and reports’ validation. Trust Fuel — another key component of the Trust Army utility, providing holders with daily allowance to access Trust Army Tasks.

hDAO

hDAO is the decentralized autonomous organization of the Hacken ecosystem, which plays a pivotal role in the whole Hacken ecosystem, as it is the main driver for future ecosystem and HAI token development. All HAI holders can offer incentives, submit RFPs, and vote on Proposals with Voting Power, ensuring a democratic decision-making process.

Hacken invites all Web3 enthusiasts to become a part of hDAO to join the development of our cybersecurity initiatives that will be valuable and on-demanded for each industry’s player.

Utility: an essential utility for hDAO that provides Voting Power (VP) to participate in hDAO governance with a 3% APY or delegate their VP to other users, known as Delegates, with a 1% APY. Another novelty lies in HAI locking for Requests for Proposals (RFPs) creation.

hDAO starts completely managing the HAI Treasury, making all decisions and actions with HAI tokens transparent and preventing any hidden activities that may lead to token liquidity and price decrease.

hAI

hAI is a single mobile key to the whole HAI ecosystem, providing access utility products: Trust Army, hDAO, HackenProof, and Extractor.

Utility: as an HAI utility, hAI enables entering the Hacken Membership Program, Voting Power and Trust Army Fuel obtaining, participation in hDAO Committees, HAI Coupons purchasing, Soulbound Tokens management system, and opens unique opportunities for the Membership superior levels.

Soulbound Tokens: Innovative Membership Management

Soulbound Tokens (SBTs) are non-transferable lifetime access approval and achievement medals in the form of NFTs. They are attached to the owner’s wallet (soul) only and reflect the user’s reputation and engagement with Hacken products. SBTs can be used for access control, membership management, and rewarding members for their contributions to the Trust Army and hDAO communities.

HAI Technical Infrastructure

The HAI ecosystem has undergone significant updates in its Tokenomics, which have impacted the technical infrastructure of the ecosystem, particularly its on-chain components.

Based on new Tokenomics and products technical requirements, in 2023, Hacken will update its smart-contracts structure. Because of the major issues the new HAI ecosystem architecture meets, the HAI ecosystem products will be deployed to a new chain — Ethereum L2 (the one that will be announced in Q2 2023). hDAO, Trust Army, ETD, hAI, and Membership will work on Ethereum L2.

HAI Distribution

Based on a new stage of HAI ecosystem development and visions of transparency and trust — Hacken shares detailed distribution of HAI tokens with its community, investors, and other parties.

HAI Roadmap

As a part of core improvements, the Tokenomics Paper contains the updated HAI token Roadmap for 2023 and Q1 2024.

This announcement contains key innovations in terms of the new HAI Tokenomics release. To get acquainted with all Tokenomics novelties, read the HAI Tokenomics Paper by following the link and discover the updated Hacken.AI website.