Hacken Club Membership — more than just a status

Hacken.AI
4 min readFeb 16, 2022

Hacken community is rapidly growing. We have decided to prepare a special article for our newcomers in which we describe Hacken Club Membership in detail including its key benefits.

How to become a Hacken Club Member?

If you are not a Hacken Club member, follow these steps:

  1. Open your HackenAI application
  2. Go to Wallet -> Membership
  3. Select the membership level you want to get

To become a member, a user needs to stake a specified amount of Hacken tokens (HAI) with a lock-up period. So, considering the price of HAI on 15 February 2022, a user needs to stake at least $100, $1K, and $10K in HAI to become a Level 1/2/3 member respectively:

Level 1 Member: 1,000–9,999 HAI

Level 2 Associate: 10,000–99,999 HAI

Level 3 Partner: 100,000 — unlimited

  1. If you are getting Level 2 / Level 3 Membership, please choose the lock-up period
  2. Select the number of tokens you wish to lock on the Membership (after the end of the lock-up period, all tokens + yield profits will become available)
  3. Click on the “Get Membership” button

Video instruction: https://youtu.be/LRIWHwwXEGE

If you don’t own any HAI tokens, here is the info on where to buy our token: https://hackenfoundation.com/abouthai/?crypto=HAI

Many users put a question: what does membership give me? Is it worth staking, for example, $10K with the lock-up period? Find the answers below.

Benefits of Hacken Club Membership

Fixed yield income

If you consider the HAI token as a long-term investment instrument suggesting that the Web 3.0 cybersecurity market will grow rapidly in the coming months and years, then Hacken Club membership is your opportunity to hold HAI tokens while getting a fixed income of up to 9% annually. So, for example, if the price of HAI doubles in 12 months, you will have X2 revenue in USD plus a 9% income (18% in USD). Please note that only Level 2 and 3 members are eligible to get yield income.

Level 2: Associate

  • 6 months — 5%
  • 12 months — 7%

Level 3: Partner

  • 6 months — 7%
  • 12 months — 9%

The yield is accrued on a daily basis.

Farming boosters

Owners of HAI can also use their assets to farm the tokens of Hacken Foundation projects (HAPI, disBalancer, PureFi, OneArt). Hacken Club Membership allows HAI owners to get special farming boosters allowing them to farm more tokens, thereby increasing the income they get. The higher the membership level, the higher the farming booster:

  • Level 1: 1.05X (+5%)
  • Level 2: 1.20X (+20%)
  • Level 3: 2X (+100%)

Use hVPN and hPass for free

Hacken Club Level 1 members can suggest that membership status does not bring any significant financial benefits to them. That’s a false suggestion. Even level 1 membership allows you to use all Hacken cybersecurity applications for free, including the VPN service hVPN and hPass. For example, the price of the 1-year subscription option for VPN is $49.99. If you are even a Level 1 member, you can use it for free.

Level 3 Membership — Join weekly AMAs with Hacken CEO Dyma Budorin

Every Monday Hacken team organizes an AMA session with our CEO Dyma Budorin for Hacken Club Level 3 members. During these sessions, Dyma shares all recent updates from the life of Hacken. Thereby, Level 3 members can keep abreast of everything within their interest related to Hacken. Also, it’s our tradition to send interesting gifts for our Level 3 members, since we appreciate your loyalty and support.

Participation in Hacken contests and competitions

Hacken Club membership allows you to participate in the competitions and contests organized by Hacken (but some events are open to everyone). For example, on 14 February we launched the First Hacky NFT Competition in which top-performs can get attractive NFT rewards. You just need to create a short motto (up to 100 characters) for our recently released NFT called Hacky. Participation in this competition is open to Hacken Level 1/2/3 members. This competition is still active, so, hurry up to participate (final date — 28 February):

Registration form (please read First Hacky NFT Competition details before applying): https://docs.google.com/forms/d/e/1FAIpQLSdqB4mn_MZspbJq1c8n2gj1PJvSv-UuIG45B97PKjpVxmJePw/viewform

HAI Token Utility

Owning a Hacken token is the prerequisite for becoming a Hacken Club Member. But it is not the only utility of our token. You can use HAI to farm tokens of the Hacken Foundation projects, the farming yield as of February 2022 is provided below:

  • HAPI: (HAPI Farming — up to 25%, HAPI-HAI LP Farm — up to 52%)
  • disBalancer: (DDOS Farming — up to 16%, DDOS-HAI LP Farm — up to 85%)
  • PureFi: (UFI Farming — up to 24%, UFI-HAI LP Farm — up to 68%)
  • OneArt: (1ART Farming — up to 28%, 1ART-HAI LP Farm — up to 86%)

According to the estimations made by the Hacken analysts, currently, the Web 3.0 cybersecurity market is 23X undervalued. For the explained methodology, view the section “Web3 cybersecurity undervalued — Cybersecurity Stock Analysis” in our Strategy 2022.

Very soon HAI holders will be able to pay for goods and services in their daily life in HAI tokens using branded Hacken weld card that will be issued as a result of the partnership between Hacken and Weld Money. No need for users to convert crypto to fiat to pay for goods and services.

Hacken team is focused on bringing even greater utility for HAI token. Monitor our updates.

Thank you for being with Hacken! Together we are developing Web 3.0 cybersecurity.

For more information about Hacken and all our recent updates, please refer to these channels:

Hacken Club Twitter

Hacken Club Telegram Chat

Hacken Club Announcements

Hacken Foundation Website

Hacken Medium

Hacken Reddit

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