What is Hacken Token?

Hacken Token (HAI) is a multifaceted digital asset that serves as a Work-to-Earn, product-utility, and governance token. It is managed by a decentralized autonomous organization (DAO) known as hDAO. The Hacken community, established in 2017, is a collective of over 100,000 individuals who are actively contributing to the development of a transparent and trustworthy Web3. The HAI ecosystem encompasses a variety of products that are interconnected through the HAI token. The Trust Army, a core component of the ecosystem, enables individuals to acquire skills, a profession, and receive compensation by researching blockchain data and contributing to the transparency of Web3.

How does Hacken Token work?

The Hacken Token operates within an ecosystem that encourages community participation and contribution. One of its key utilities is the Trust Army, which allows individuals to earn by researching blockchain data and contributing to the transparency of Web3. Another significant utility of HAI is the ETD, which combines the business success of a company with its token. ETD provides B2B clients with access to the smart contract auditor team's services, which in turn stimulates liquidity growth and activates deflationary mechanisms for the HAI token. The Hacken Token seeks to promote fairness and build a trusted Web3 through the support of public goods and community-driven initiatives.

What are the potential use cases for Hacken Token?

The Hacken Token has a wide range of potential use cases within its ecosystem. It serves as a Work-to-Earn token, allowing individuals to earn by researching blockchain data and contributing to the transparency of Web3. It also functions as a product-utility token, providing subscription discounts to clients who pay with HAI or have Membership. Furthermore, it acts as a governance token, giving voting power to HAI stakers and additional benefits for decision-making. The Hacken Token also encourages staking to receive benefits and access to the platform. It grants Membership for staking to unlock a range of benefits and privileges.

What is the history of Hacken Token?

Hacken Token was established in 2017 as part of the Hacken community's initiative to build verifiable trust in Web3. The community, which now consists of over 100,000 individuals, has evolved into a self-governed association that contributes to the development of a transparent Web3. Over the years, Hacken has faced numerous challenges and bear markets but has managed to create a sustainable business model that includes B2B services and products, B2C solutions, and its own token ecosystem. The Hacken Token is a reflection of the community's ongoing efforts to foster fairness and build a trusted Web3 through the support of public goods and community-driven initiatives.