Meet HAPI: Tokenomics

HAPI — An Introduction to the Revolutionary Cross-chain Product

HAPI is a new product entering the Hacken Foundation, a leading security consulting company specializing in blockchain security.

Get protected against stolen funds

Connecting to HAPI, every Centralized exchange (Coinbase, Binance) can receive information on hacks where coins are stolen and block those stolen funds from entering their exchange until the situation is resolved.

Get protection against unaudited smart contracts

By connection to HAPI, both Centralized and Decentralized exchanges and DeFi platforms will be able to guard themselves and their users from projects that have not completed security audits to mitigate financial and reputational risks that could come from insecure smart contracts.

What are the key features of the HAPI?

HAPI has been build in a way that allows easy implementation in numerous use cases:

  • Provides real-time publically available data
  • New security standard for Blockchain industry. DEXs, lending protocols, derivatives protocols, and other DeFi all of them will use HAPI
  • Increases security of the DeFi projects substantially
  • Guards (mitigate) DEX aggregators, DeFi platforms and their users from the financial and reputational risks
  • Receives the data from providers elected by DAO/community

Hacken Foundation

HAPI is the first project to be launched by the Hacken Foundation (HFoundation).

HAPI token

The HAPI token is an ERC20 token minted on the Ethereum blockchain.

Utility

Users stake HAPI tokens to be able to participate in the projects governance. The governance is conducted by a voting procedure. The voting involves staking HAPI tokens to support or reject voting proposals.

Key HAPI utilities

  • Data submission fee. Provides rights for the customer to submit any information connected with the hack or suspicious wallet.
  • Governance. Provides governance rights for the Users (DP election by DAO). Each HAPI token stakeholder can participate in governance conducted by a voting procedure. The voting involves staking HAPI tokens to support or reject voting proposals.
  • Oracle rewards. Serves as a payment method to Oracles for the review and audit work done on the submitted data.
  • DeFi projects audit report submission. DeFi projects will legitimize their code by submitting it to a unified audit reports data centre.

HAPI token distribution

HAI community members are the main beneficiaries from the HAPI project entering HFoundation.

How will the tokens be unlocked?

HAPI Token Sale

Total Supply: 1,000,000 HAPI.

Round #1 — HAI round

Our most exclusive and valuable round is reserved and held specifically for the Hacken community using HAI tokens. The price for the community is $5 per token. 240,000 HAPI tokens will be sold. The initial unlocking will represent 10% of the purchase amount and 10% monthly.

Round #2 — Private round

The private round is held in ETH for strategic partners. The price for this round is $ 7.5 and 180,000 HAPI tokens will be sold. The initial unlocking will be 15% of the purchase amount and then 10% monthly. Minimum lot is 50k usd equivalent. Maximum is 100k USD.

Round #3 — Public round

The public round is held in ETH. The price for this round is $10. 60,000 HAPI tokens will be sold. The initial unlocking will be 20% of the purchase amount and 12% monthly.

Creating a Liquidity Pool

80,000 HAPI tokens and the corresponding amount of ETH at the public round price will be locked in the HAPI/ETH pool on Uniswap. Lock term is one year.

Farming HAPI token

200,000 HAPI tokens will be farmed over three years using HAI token staking. The accrual system is proportional. The farming system is uniform.

The community of crypto and cybersecurity enthusiasts united to keep not only themselves but also their friends and family safe in today’s digital world.

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