How Hacken Is Tokenizing Its Equity With HAI

Hacken, a blockchain security auditor, is tokenizing its equity linked to the company’s native token, HAI. Opportunity to exchange HAI for Hacken Equity Shares (HES) is available for existing and new HAI holders. It makes Hacken the first crypto company that enables its community to own a part of the real business. 

10% of the company’s equity is now tokenized assets on the Ethereum blockchain, which can be exchanged for 100 million HAI. Each Hacken Equity Share is valued at 1 million HAI, with 100 shares available. Based on reports from Hacken, 87% of the acquired HAI tokens will be burned. 

This private equity offering not only shows an example of merging digital assets with real-world value but also brings a new context to a broader financial ecosystem.

"Embarking on the next level of the Web3 journey, Hacken pioneers a new precedent where token investment transcends digital realms to become integral in real-world deals. Our commitment to RWA tokenization signifies more than a strategic move; it marks a transformative shift, fostering cohesion, diversity, and connectivity within our community. It means a broader evolution in how private crypto investors engage with blockchain projects."

- Dyma Budorin, Co-Founder and CEO of Hacken

What Is HAI? 

HAI is the native token of the Hacken ecosystem and a work-to-earn, product-utility, and governance token. It serves as an incentivization token, bringing together a community of like-minded individuals that contribute to building Web3 trust, transparency, and security. 

HAI is also the governance token in hDAO, where holders obtain voting power that can be used to vote on proposals. Any member of the community can submit improvement proposals to the community for review, and acceptance depends on the majority vote. 

HAI Token Utility

Now, let’s look at some examples of HAI token utility. 

Trust Army

HAI is a work-to-earn token, where the Trust Army – a platform providing users with Web3 data collection tasks and education – receives HAI for submitted reports. Trust Army users can use HAI for Membership staking which allows them to earn rewards and improve user experience with enhanced Trust Fuel.

The Trust Army consists of the Academy and Missions. In the Academy, community members can gain DYOR skills including utilizing on-chain and off-chain data to master token economies. As users complete more Academy chapters, they’ll be able to access Missions where they can complete tasks that cover Web3 data research and collection.

After completing tasks around researching specific projects, users can submit a report to be verified by Trust Army Validators. Upon the approval of the report, users receive payment in HAI.

HackenProof

HackenProof is the Hacken bug bounty platform, connecting crypto projects with the ethical hacker community and professional smart contract auditors to identify and uncover security issues. Companies can set up rewards in HAI. Advantages for hackers, in particular extra bug bounty rewards for using HAI coupons, to be introduced shortly.

Hacken Extractor

Hacken Extractor is a decentralized smart contract monitoring security solution. According to the project, Hacken Extractor can track smart contract status and activity in real-time and notify clients of any irregularity based on triggers set by the clients. Once these triggers occur, clients can set up administrative smart contract actions that will execute automatically. HAI allows businesses to benefit from HAI-based subscriptions or Hacken Membership and pay 20-30% less.

Hacken Engineers Day Index (HEDI)

Hacken tokenizes the security audit team with the HEDI. HEDI is price-protected investment opportunity in HAI token via a synthetic asset backed by the services of Web3 security experts. This investment can be swapped into HAI token in 1 month with a 10% options execution price. It can also be exchanged for Hacken’s cybersecurity services.

Why Is Hacken Tokenizing Its Equity?

Tokenization will bring more accountability and transparency to Hacken while establishing a tight connection between its native token and business ecosystem. This strategic move is part of Hacken’s aspiration to become a publicly traded company in the future. 

It will also provide investors with the option to strengthen their crypto portfolio with DeFi assets linked to the real business, which offers the stability and lower-risk characteristics of TradFi. 

RWA is the first step towards public organization status for Hacken, planned to be followed with:

• Authorized Secondary RWA Market after the tokenization round ends.

• Seizing exit opportunities during equity buybacks at the next investment Hacken rounds.

• IPO as a strategic goal for 2027.

These open room for exit strategies for future shareholders. 

According to the project, the technical implementation of Hacken’s tokenization is done by the asset tokenization protocol Brickken. Tokenized Hacken equity is brought to the Ethereum chain and is available on Brikken’s RWA marketplace for all KYC-verified investors. 

About Hacken

Hacken is a trusted blockchain security auditor that delivers high-quality solutions at every level of blockchain security. Hacken`s services include Smart Contract Audit, Blockchain Protocol Audit, dApp Audit, Penetration Testing, and CCSS Audit. Its product portfolio features HackenProof bug bounties, CER.live cybersecurity ranking, and Extractor on-chain monitoring.

Since its inception in 2017, Hacken has evolved from a white-hat hacking startup into an established security partner for over 1500 blockchain-based projects. Today, Hacken collaborates and works with top DeFi players such as 1inch, MetaMask, ShapeShift, Unicrypt, and PolkaStarter;  most promising blockchain protocols such as NEAR, Linea and Radix; key centralized exchanges like OKX, Gate.io and KuCoin; Web3 gaming projects like Sandbox and Enjin. Moreover, Hacken is among the few Web3 companies working with the public sector and traditional enterprises: European Blockchain Services Infrastructure by the EU Commission, digital banking leaders such as Revolut and Nubank, and major businesses like Anglo American and Arcelik.

Hacken's strategic goal is to evolve into a publicly listed company, blending equity and token capitalization for a pioneering model.