KuCoin AMA With Hacken — Making the Digital World a Safer Place

Dear KuCoin Users,

Time: May 21, 2021, 10:00-11:42 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with Hacken CEO Dyma Budorin in the KuCoin Exchange Group.

Hacken Group was founded in August 2017 as a cybersecurity ecosystem that, as of 2021, unites a few projects:

• Hacken, a blockchain security consulting company that also performs security assessments and provides incident responses.
• 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).
• CER.live, the crypto exchanges ranking platform.
• HackenAI, an individual cybersecurity app with such functionality as email and password breaches monitoring, non-custodial crypto wallet, password managers, VPN, etc.

Official Website: https://hacken.io

Hackenomics: https://hacken.io/hackenomics.pdf

Follow Hacken on Twitter and Telegram.

Guest:

Dyma Budorin — CEO of Hacken

CEO of Hacken, the leading cybersecurity firm working on corporate, individual, and crypto exchanges’ cybersecurity. Ex Deloitte and Military Consortium executive. Over the past 3 years, Hacken has collaborated with 300+ associates including Vechain, Gate.io, AirAsia, CoinGecko, CoinMarketCap, and became the biggest cybersecurity auditor of cryptocurrency exchanges. Dyma is a crypto economy enthusiast, and influencer in the crypto exchanges security field. He promotes ethical hacking, cybersecurity, accountability, and transparency of the blockchain.

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.one 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:

https://coinmarketcap.com/view/hacken-foundation

https://coinmarketcap.com/cryptocurrency-category

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: Bad.

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.

Q: Can we stake HAI to farm other tokens like HAPI and DDOS? Is it also the other way around? Can I farm HAI with those tokens? Also, can I get the cybersecurity services by using HAI?

Dyma: No.

Q: Do the 2nd and 3rd level members have the best deals for allocations in Hacken Foundation projects and farming? How about the 1st level member?

Dyma: They have the window open. Without membership you cannot participate at all.

Q: You mentioned staking HAI and farming other tokens such as HAPI , ArtWallet, etc. Do you have any plans to add other tokens and what are the benefits of using it rather than other farming pools?

Dyma: There are some interesting proposals for farming pools. We are researching this direction and probably will enter a few farming pools like that.

Q: Could you tell us a little about your greatest achievements last month? What are you working on right now? What are the main thoughts you want to convey through today's meeting?

Dyma: Greatest achievement last month was partnership with Solana. There will be few surprises in this direction.

Q: To what extent has the recent bear market affected the project development and how have you been able to survive this longest bear market and continue building and developing?

Dyma: Hacken.io is a profitable business. We do not withdraw the profit we generate but store them in reserves. That will help us to survive if suddenly people will not need cybersecurity any more.

Also, we use those funds time after time to support stable HAI price development. HAI price is important for us because it affects the sentiment of our community. Hacken holders are main stakeholders of everything that we do, and we need to be sauce that Hacken holders are happy.

So yes, this fund is growing and we feel very confident about the future. We don’t need any investors. The burn rate is covered for 2.5 years ahead.

Q: Do we only use HAI to buy products from Hacken marketplace or does it accept other currencies?

Dyma: It is naive to lock availability for products at marketplace in native cryptocurrency. You will lose lots of potential users, so the idea is to make discounts if you pay in HAI. In such a way users will want to buy HAI.

Q: You said 1 billion is your target and that’s great. But what's next if you reach 1 billion. Will your progress stop there or continue?

Dyma: In terms of market cap the target is to enter top 50 crypto tokens. We see that there will be huge ecosystem tokens that represent industries and that will be indexes of such industries. For example, VeChain represents supply chain, Chiliz represents sports tokens, and Hacken represents cybersecurity.

I personally don’t think that blockchain protocols without a tight connection to some industries will survive in the nearest future. Crypto industry doesn’t need so many different blockchain protocols, especially when it is possible to build bridges. Hacken will be at every popular blockchain protocol.

So yes, after 1 billion, the target is to enter the top 50 coins.

KuCoin and Hacken have prepared a total of 10,000 HAI to give away to AMA participants.

1. Red envelope giveaways: 3,200 HAI

2. AMA activity: 6,500 HAI

Activity 1 — Quiz: 5,000 HAI

Activity 2 — Price Guess: 1,500 HAI

3. Free-ask section: 300 HAI

. . .

If you haven’t got a KuCoin account yet, you can sign up here!

Follow us on Twitter, Telegram, Facebook, Instagram and Reddit.