Hacken: Cryptocurrency for White Hat Hackers

Hacken, the first decentralized marketplace for white hat hackers, announced the closure of its pre-sale event for HKN token. Hacken Raised $650,000 in pre-sale by distributing 800,000 tokens, including a 30% bonus. It is an initiative by a Ukaraine based company, to bring in decentralized token for cybersecurty professionals.

White Hat Hackers

'Hackers' in general is a term used to refer 'bad guys' of cyberspace but not all hackers are bad. There is a set of good cyber security experts who intend to provide a safer platform for rest of the world by using their skills, they are called White Hat Hackers.

In recent history of cryptocurrency, we heard about a cyber attack on July 18, 2017, where attackers exploited a vulnerability in the Parity multi-signature wallet to steal 150K Ethereum. This could have been very big if these 'Good Hackers' wouldn't have surfaced to help save public money. The White Hat Group (WHG) returned 100% of the rescued funds to their Rightful Owners.

What is Hacken?

Hacken is the first custom-tailored decentralized token for cybersecurity professionals, based on Ethereum platform. It aims to build “the next level of application security.” Buying Hackens today, will allow user to receive high quality cybersecurity services in the future, at an attractive price.

Hacken (HKN) is an ERC20 token, which is the only payment tool allowed in the Hacken Ecosystem.

Hacken Ecosystem

Hacken Ecosystem is a community driven business organization created to nourish the connection between blockchain and cybersecurity communities, promote hacker ethics and encourage legitimate research of computer networks and software.

It consists of a token — the Hacken, and a constellation of businesses providing services, which can be received only by using Hacken as a payment instrument.

Hacken ecosystem consists of

  • the HackenProof bug bounty marketplace,
  • Unreported Zero-Day Remuneration Platform,
  • Hacken Cybersecurity Startups Incubator,
  • Cybersecurity Analytics Center and
  • HackIT Conference.

Why we need Hacken?

The cybersecurity business is very much about expertise, ethics and persistent training. By supporting HackIT, we want to ensure that we give back to the community which empowers our platform.

The ultimate goal of the ecosystem, is to create a generation of hackers who take charge of cybersecurity and strengthen the community.

Key Features

  • Invite only or public — the public visibility level of your bug bounty program can be con gured depending on your objectives.

  • Self managed or dedicated — your program can be customised depending on your budget and level of expertise.

  • Customer self-service portal with rich scope of exibility. You can run a wizard to de ne and start your program, a bot will then check the reports and eliminate duplicates. You can then adjust the payments to o er bonuses for the most valuable discoveries.

  • Customizable and sealed testing environment empowered by VDI, VPN and PAM solutions, allowing researchers participating in the campaign to better understand the client’s infrastructure without causing any harm or drama.

Token Sale

  • Token sale date - Late October, 2017.

  • Total supply: 20 mln Hackens. 1.3 mln at presale (1 mln + 30% bonus) and 18.7 mln at Token sale.

  • No future emissions

  • 1 Hacken = 1 USD

  • ESCROW - 80% of fund raised will be kept as escrow account

There’s a minimum purchase of 1 ETH. Deposits are accepted in BTC, ETH, DASH, LTC, USD, EUR, and TaaS.

Project Overview

The project aims to create a collaborative defense ecosystem for White Hat Hackers and the Blockchain community. It aims to make it easier for white hat hackers and companies to interact with one another and hackers can earn an income through the Hacken ecosystem.

Disclaimer: This is a sponsored article and should not be viewed as an endorsement by EtherWorld. Readers are requested to do their own research before investing into any project.

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