Cryptocurrency review 2: Hacken

robust-crypto (32)in #bitcoin • 6 years ago (edited)

Welcome everyone to crypto review.

Here you can read about various cryptocurrencies, learn about them in depth. What they're trying to do, team, development etc.
The purpose of this post is to help every crypto enthusiast with investing.

Today we will be reviewing "Hacken" , we will take a look at what they aim to do, team behind it, roadmap, general crypto info etc.

General Cryptocurrency information:

Name: Hacken (HKN)

Metrics (Block size, algorithm, fork, supply etc.):

Fork/Platform: Ethereum (ERC20 Token)

Algorithm: Etash (Eth is used as gas for transactions)

Country (based in): Estonia

(It was an ICO, here is some Token info from their white paper)

Token Distribution:

Open sale: 80%

Team: 10%

Advisors :

Community manager:

Token Sale Bounty (total): 2%<

< Blog posts: 0.80%

< BitcoinTalk Signature: 0.30%

< BitcoinTalk Translation: 0.30%

< BitcoinTalk Thread: 0.20%

< Tweets: 0.20%

< Facebook posts: 0.20%

Market cap: Market Cap: $11,138,215 USD (at the moment of writing this post)

Circulation Supply: 4,856,575 HKN

Total Supply: 5,600,000 HKN

Daily volume (as of now): $74,440 USD

30 Day avg. volume: $4,344,490 USD

Rank on Coinmarketcap: #475 (at the moment of writing this post)

All time high: $6.76 USD | 59000 Satoshis

Vision/Problem it solves:

Hacken offers a cybersecurity utility token, named HKN, for a full stack of countermeasures, aimed at reducing threats, vulnerabilities, and attacks by eliminating or preventing them. HKN is the only payment method inside the Hacken Ecosystem. Hacken is a specialized software utility token, being primarily focused on cyber security professionals and projects.
Basically with Hacken platform, individuals and businesses can hire 'Ethical Hackers' to help them secure their websites, systems etc.

What's HackenProof?

HackenProof is a decentralized bug bounty platform with an innovative approach to cybersecurity. The core of HackenProof is the cooperation between highly qualified, ethical hackers and Hacken’s growing client base.
This will be the platform that the Hackers and clients will use to create and execute smart contracts.

How does it work?

1 / Customers sign up for the bounty hunting program, choose a defined program policy, decide on invitations and rewards and set the level of bounty payment.

2 / Our experts help customers setup and customise their program, and manage it if need be.

3 / After the scope of the security assessment is established our team invites the Hacken community to participate in the assessment. Hundreds of white hats evaluate the customer’s code for vulnerabilities and bugs.

4 / Community members submit and prioritize vulnerabilities. Their reports are checked for relevance and originality.

5 / Community members receive a fee for discovering valuable vulnerabilities

6 / The customer can additionally order advice from the Hacken security solution architects team to develop countermeasures if needs be.

7 / The customer gets a Vulnerabilities Certificate, attesting that her software was examined and tested by the Hacken community. Optionally, there can be a separate Countermeasures section in the Certificate, listing all the issues discovered and patched by the client.

They also have "Invite only" and "Public". If I have a friend hacker, who I want to hire by using HackenProof's platform, I can set up "Invite only", so only he can join. Public is for anyone, of course.

If you're on low budget, or have preferences, you can also set them.

Partnerships:

Hacken is landing new partnerships every week, if not month. They're very active with summits and presentations. Their major partners up to this point are the following:

VeChain

CryptoNomos

Tokenator (ICO pool)

Krowdmentor (Helping entrepreneurs/investors)

Ambisafe (Write SC, multisignature accounts, build wallets)

HackIt (Summit for Hackers)

ICO-Bank (ICO paltform)

Axon (Legal services)

Ukrinnovate (Innovation platform)

Social Media:

I have been invested in Hacken (post-ICO) for a while now, and let me tell you the price of the coin is always in the green. Why? Because they're Tweeting everyday about new partnerships they landed, conferences or general news. They sure do know marketing.

Team:

We can view their full team on their website. Dmytro Budorin, the CEO is one of the top executives in Ukraine's military defense industry. Which sounds and is pretty cool. Their admins (community admins) are always on point in their Telegram chat (links to their Social Medias below).
Side note: I also liked the fact that they have a live chat on HackenProof, which not many people have. (It wasn't ZenDesk with bad support).

Product:

Although, this all sounds cool and what not, let's stay a bit rational. Their product is released (Alpha version of HackenProof, main platform where you can do all of the hiring) and the top researchers are listed on their website with Bios and pictures.
Before December, their Roadmap is not that clear, I mean " Additional metrics and extended analytics for clients " I'm not sure what most of them mean/or what the goals are.
The main thing we need to take away from this, is that their Beta version of their platform (HackenProof) will be released in December of 2018 with MVP version and fully decentralized application.
HackenHub is another product they have, which offers securities for ICOs, individuals, websites against DDOS attacks etc.

Exchanges:

You can trade other cryptocurrencies for Hacken on the following exchanges:

Kucoin

Yobit

Rating

Total 10/10 (2 each)

Product 2/2

They have their HackenProof live and is working, the most popular service was the smart contract audit: 15 clients from the USA, Georgia, China, Ukraine, and Kazakhstan.Other 9 clients from the UAE, the USA, China, and Ukraine ordered quality services from Hacken’s experienced pentesters.
I wonder who from Georgia wants to hire a Hacker? (It's my country :D ).
And they're improving it every single month, with new updates, implementations etc.
They also are auditing exchanges, this is really good. You can view how safe exchanges are, sentiment, is the platform trading with itself etc. Which will also be released 1-2 week(s)
"This spring brought us revenue of more than $240 000 in HKN, ETH, BTC, EUR, and USD."
And the platform is already making money!

Team 2/2

Unlike a community based coin, this is an ICO. 3 of their team members are 24/7 online on their Hackenproof website, and try to respond to every message possible. As we mentioned above, their CEO works with the Ukraine's defense industry.

Social Media 2/2

They're really, really active on Twitter, Medium, Youtube, Facebook, Reddit you name it.
One of the best marketing teams!

Partnerships 2/2

They're just smashing it. Partnerships with a lot of professional businesses. Top notch!

Exchanges 1/2

I'm giving Hacken 1 because they're listed on Kucoin. Personally, I really like Kucoin. It's a new upcoming Binance basically. And if you're listed there, it's easier to get on the other bigger exchanges.
But, they're on 2 exchanges, if it were Kucoin and couple of other low exchanges, that would definitely be 1.5/2.

Total: 9/10

If you liked my review, please give it a thumbs up and drop a follow! Also, comment down below what you think about Hacken, their vision, team. Are you invested in it?

Have a great day everyone!