HAI Tokenomics Wrap-Up
On March 1, 2023, we announced the updated HAI Tokenomics that addresses the new strategic track of our Hacken.AI ecosystem: building a public goods community of like-minded individuals who contribute to building Web3 trust, transparency, and security.
For an end-user, Hacken.AI is an X-ray to verify tokens’ reliability through data, tools, and community.
Let’s capture the main points described in the Tokenomics Paper to obtain an overview of the HAI token use cases.
What Is HAI Token?
HAI is a native and utility token that accesses the Hacken.AI ecosystem consisting of cybersecurity products, services, and the Membership Program. Being an engine for ecosystem operations and development, the token is underlined by deflation and liquidity-growth mechanisms.
Token symbol: HAI
Token type:
VIP180 0xacc280010b2ee0efc770bce34774376656d8ce14
BEP-20 0xaa9e582e5751d703f85912903bacaddfed26484c
ERC-20 0x05Fb86775Fd5c16290f1E838F5caaa7342bD9a63
HAI use cases: Product utility, Work-2-Earn, governance.
Total supply: 1,000,000,000 HAI
Circulating supply (March 29): 646,840,772 HAI
The latest update on HAI has led to the transformation of the token product-utility, Work-2-Earn, and governance nature, enabling the ecosystem products to operate and be accessible for holders. Tokenomics accommodates the interests of Web3 players’ variety who pursue the goal of building Web3 Trust and increasing transparency, alongside implementing mechanisms for liquidity growth and deflation. Products are the core of the Hacken ecosystem as it creates HAI utilities, solves users’ goals, and unites the company with its community. Every product has its own HAI utility and use case that drives demand.
HAI Token Use Cases
Product utility
Trust Army (a platform that provides users with Web3 data collection tasks and education): HAI is used for staking, rewards boosting, and receiving accesses inside the platform. Staking provides users with Trust Fuel, a unit that allows completing more reports within the 4 levels in Hacken Membership Program, and for locking of tokens to submit Requests-for-Proposal.
hDAO (Hacken Decentralized Autonomous Organization): HAI is used for staking to obtain Voting Power with 1–3% APYs, powering decision-making.
ETD (a cybersecurity token that bakes the time of the Hacken Smart Contract Audit Team): the HAI use case that enables auditing services purchase with HAI token and organic market demand and liquidity growth.
HackenProof (the Hacken bug bounty platform): the token use case motivates ethical hackers to join the Membership Program, purchase HAI Coupons, and access extra bug bounty rewards in USDT.
Hacken Extractor (an on-chain smart contract security monitoring system): the token use case allows business parties to benefit from HAI-based subscriptions or Hacken Membership and pay 20–30% less.
hAI (ex. HackenAI): the mobile key to the HAI ecosystem management that grants Membership for staking to unlock a range of benefits and privileges.
Governance
HAI is a governance token in hDAO. The use case of HAI accesses the voting process and participation in HackenDAO for wide-ranged Web3 users.
Work-2-Earn
HAI is a Work-2-Earn token in Trust Army. The use case enables the Trust Army functions for wide-ranged Web3 users, where HAI figures as the payment method for Trust Army users for submitted reports with collected data on Web3 projects.
The Tokenomics Paper provides HAI distribution for Q1 2023
Being evolving to hDAO, we’ve announced the token distribution to the Treasury for 2023
More details in our Tokenomics Paper.
Now, the Hacken.AI team follows the Token Roadmap on schedule and works on products set out in Q1/Q2 2023.
To learn more and discuss the Tokenomics Paper, join Hacken Discord.
