HAI Distribution Process for HKN Holders on KuCoin

3 min readMay 28, 2021

We have prepared a very important update for the users who have not withdrawn all HKN tokens from their KuCoin accounts. HAI token is now listed on the KuCoin exchange. As you know, the lock for HAI swap operations is in force for 1 year. But we managed to find a compromise solution for the KuCoin community. The KuCoin exchange has agreed to carry out the token distribution process during which users will get HAI in exchange for HKN tokens at the rate of 10:1 (10 HAI for 1 HKN). The token swap will be made automatically.

Distribution scheme*:

  • In June 2021 you will get 2 HAI for every HKN you have (20% of the total swap amount)
  • In November 2021 you will get 4 HAI for every HKN you have (40% of the total swap amount)
  • In May 2022 you will get 4 HAI for every HKN you have (40% of the total swap amount)

Distribution example: Bob has not withdrawn 1,000 HKN from his KuCoin account. Now, via the distribution process Bob will automatically get 10,000 HAI in 3 phases:

  • In June 2021 Bob will get 2,000 HAI
  • In November 2021 Bob will get 4,000 HAI
  • In May 2022 Bob will get 4,000 HAI

*In case of changes in the distribution schedule, we will immediately notify you through our media channels.

“HAI distribution on KuCoin is the result of the hard work of our specialists who conducted a series of negotiations with KuCoin. We have tried to make the HAI distribution process for HKN holders as clear as only possible. Community is our key asset and we will keep serving you,” said Hacken CEO Dyma Budorin.

Hacken team prioritizes meeting the community’s interests and expectations and we will keep doing our best to ensure that our users get a high-quality experience when trading our tokens. Our community should not face any inconveniences, it’s our core philosophy.

About KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges with over 8 million registered users across 207 countries and regions worldwide.

Known as “People’s Exchange”, KuCoin operates in Seychelles, providing users with 24/7 multi-language customer service. Meanwhile, KuCoin has established 16 local communities in North America, Europe, SEA, and other regions, providing users with highly localized services.

As the home of crypto gems, KuCoin has supported over 300 projects with about 690 trading pairs. A number of projects like ROSE, VRA, BOSON, and DAO had a primary listing on KuCoin.

In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners.

Follow us on our social channels:

Hacken Club Twitter: https://twitter.com/hackenclub

Hacken Club Telegram: https://t.me/hackenclub

Hacken Club Reddit: https://www.reddit.com/r/hacken/

Hacken Club Telegram Ru: https://t.me/hackenclub_ru

Hacken website: https://hacken.io/

Hacken Foundation website: https://hackenfoundation.com/




HAI Utilities in One Place | Data and tools that help you to Verify Trust in Web3