On May 21, Dyma Budorin hosted the “Ask Me Anything” (AMA) session during which he shared insights into the recent changes in the cybersecurity industry, informed the audience on the Hacken Foundation’s updates and its new projects. We invite you to read the AMA Q/A section for better understanding.
Find the full recap of the AMA session at: https://www.kucoin.com/blog/en_US/en-kucoin-ama-with-hacken
Questions & Answers from KuCoin:
Dyma: HAI! Happy to be here! I want to do a small experiment today. People during AMAs usually say things that they actually didn’t achieve. Fake it till you make it, basically lying, so I want to assure that today will be only pure truth. If there is a difficult question that I don’t want to answer, I will try to convert it into a joke, but for sure only the truth. Hacken and KuCoin has ping relationship. AMA today in your chat is a very special thing for Hacken and me personally.
Q: Could you please introduce your project?
Dyma: Hacken is all about cybersecurity, B2C and B2B. We are building a global cybersecurity marketplace, which will have not only our products, services and rankings but hundreds and thousands of third party ones. Good comparison will be cybersecurity Amazon.
Hacken was established in 2017 and since then we have built a reputable brand that is trusted by crypto industry market leaders, governments and big non-crypto companies.
Here is a small list of most productive cooperations:
Currently in our ecosystem we have following projects:
- HackenProof, a bug bounty platform that helps businesses protect their digital assets, customers’ personal data, and their reputation through crowdsourced security (crowd of cybersecurity researchers). +5k white hat hackers are working at our BB, biggest experience with crypto exchanges security.
- CER.live, the crypto exchanges ranking platform. CER is the first digital asset platforms auditor that systematizes and publishes data on crypto exchanges to protect traders from fraudsters. CER.live is an official partner of CoinGecko. We provide cybersecurity data on all the crypto exchanges to CoinGecko. They use this data in the Trust score. Value factor of our data in the trust score is 20%.
- HackenAI, an individual cybersecurity app with such functionality as email and password breaches monitoring, non-custodial crypto wallet, password managers, VPN, etc. HAI is a native ecosystem token used to pay for Hacken.io and HackenProof services, app subscription, and Hacken Club membership. We are building set of individual tools for B2C for 360* protection. Our plan with HackenAI is to protect people and their digital assets. The business model is Hacken membership. The 1,000 HAI membership will allow to substitute the set of cybersecurity tools for 50–60 USD per month.
And of course the most recent business unit that has big potential is Hacken Foundation. HackenFoundation.com is a cybersecurity project launchpool that helps selected founders and teams to build innovative products.
I will share more details as we go.
Q: According to Hackenomics, HAI token is a native token that powers the whole Hacken’s ecosystem. Could you tell us a bit more about HAI and its features?
Dyma: HAI is of course the key point of consolidation of energy around all our activities.
The utility of HAI is constantly improving. We keep adding new things and cases into it. Hard to describe features. In my opinion, it is better to describe our core team and community attitude towards HAI. It is our lifetime journey and we are very ambitious about HAI, But I do want to underline few things what HAI can do:
1. Participate in new cybersecurity projects like HAPI and disBalancer in the past, lossless token just right now. ArtWallet and one that is ready to be announced in the very near future.
2. Stake HAI and farm other tokens that are members of Hacken Foundation, HAPI and DDOS tokens at the moment. This is a pricey screen for current yields.
Hacken token high level vision is to sort of a cybersecurity industry index.
HAI is not just the utility for all the products in Hacken Foundation and investment vehicle to promising startups like launchpad tokens but also the cybersecurity industry representative in the big list of CoinGecko / CMC toplists.
Here is a recent utility that everyone can experience: https://twitter.com/buda_kyiv/status/1394678110377889797
Q: In your opinion, what is the main driver of Hacken products’ success? Please tell us more about your native app, the HackenAI app and its membership system.
Dyma: Main driver is a clear mission. We are making the digital world a safer place.
And of course our community. It is hard to describe how many ideas and opportunities our community gave to us. From one side I am very happy that we have such tight cooperation. From the other I am always a little bit upset because I receive hundreds of messages and I physically cannot read them all. I am sure there were so many other brilliant ideas. I can say that we are working hard on a few tools that will help us to scale our cooperation with the community. Please keep your ideas — we will definitely speak about them soon.
As for the HackenAI app, first our plan was to make a super app that will solve any cybersecurity issue. From the first marketing tests we understood that it is too complicated to end users, and it is complicated for marketing campaigns. Thus, we decided to develop a B2C business unit into a set of small apps.
We will build a cybersec app in every small niche in cybersecurity: VPN, anti-phishing, ID protection, multifactor and many more. All these apps will be available for free to our Hacken 1st level and above members. We believe that such a model will allow our community members to pitch the app with lots of enthusiasm.
And we have a main HackenAi app that serves as an educational tool, multi crypto wallet and a staking/farming tool for Hacken Foundation projects. Few important updates are coming very soon. As one of our community leaders joked yesterday, right now Hacken is at VeChain and soon it will be at every chain. So HackenAI app will be the most convenient place to hold HAI and make bridges inside the app.
And finally about membership structure, 3 levels. Most important to know is that 2nd and 3rd level members have the best deals for allocations in Hacken Foundation projects and farming. Non-Hacken members cannot participate in these investment opportunities. 2nd and 3rd level members also earn yield in the money stakes.
Q: As we know, Hacken Group has been transformed into Hacken Foundation. Tell us more about the Hacken Foundation.
Dyma: Hacken Foundation is basically a launchpad for cybersecurity-related projects. We are quite selective who we get on board and don’t have projects so often like other IDO platforms.
It is easy to track our projects at CMC:
Key element of the Hacken Foundation is HAI of course. Best allocations only through HAI and farming of course.
Next two projects that enter Hacken Foundation would be at another level. We already announced ArtWallet that is led by MetaMask founder Joel Dietz. ArtWallet is a next gen of crypto wallets that will have video audio players and other features that revolutionize the way authors monetize their content. Another project is to be announced very soon, so no hints before that. It is also led by experienced crypto professionals.
Also important to add that Hacken Foundation cooperates with other IDO platforms and CEXs so that 3–4 of our partners also have an opportunity to propose to their community small allocations.
Q: Could you please go into detail regarding the current services and products provided by Hacken?
Dyma: The most popular right now is of course crypto exchanges cybersecurity assessment and smart contract audits.
For the last 4 years we have built quite a big and detailed knowledge base of various ways to hack smart contracts, exchanges and DeFi, so our services to clients are usually in depth and at very high quality. For the last 4 years we had more than 400 clients. So, if you have a project that needs a cybersecurity assessment, please contact through Hacken.io. We do have referral bonuses that depend on the Hacken Membership status. Few of our community members have converted into our sales ambassadors and they already made quite significant profits. So again — please let us know if you want to become our partner and promote cybersecurity in crypto.
Q: Could you please describe the current market situation for blockchain cybersecurity?
Dyma: The worst thing is that crypto people don’t have info about project security aggregated at one place. It is a big job to do and not very profitable to be honest. We spend a lot of money on building CER.live, but I would spend them again because I know that CER.live pushed hundreds of exchanges to do a pentest and significantly improve their security. No doubt that it prevented lots of hacks and lots of families losing money.
So for the DeFi security landscape we also are working on a similar solution. Hacken scout is the name of the project. With the help of the community we will consolidate all security data and set the process for proper monitoring. Follow our announcements.
Q: What is the Road to 1 Billion strategy about?
Dyma: It is our target. In life and business it is important to set targets and to go to them.
Before the 1 billion target, we wanted to become the biggest crypto project in Ukraine by market cap. We are first now.
Then we wanted to become the first cybersecurity token by market cap. We are almost there. We are 2nd now.
1 billion is what we see as a realistic target that can be achieved in a short period of time. The scale of all the things that we work on now is way bigger than 1 billion market cap. Cybersecurity Amazon and a bundle of B2C apps will allow tens and hundreds of millions of people to utilize HAI, so we are just in the beginning.
Today, everyone can look at what we built for the last 4 years and can form their own opinion. If we would be able to deliver on what we plan.
So answering the question, it is not a strategy, it is a milestone that we will achieve.
According to CoinMarketCap score, KuCoin is included in the list of TOP 10 cryptocurrency spot exchanges.
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