Hacken Token

Halal Rating :
Comfortable
Last Price $0.05 Last updated:
Rank 676
1D Change 0.55 %
Market Cap $40.45m
Circulating supply 844,955,632
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Cybersecurity
  • AI & Big Data
  • Enterprise Solutions
  • Smart Contracts
  • Hacken Foundation
  • BNB Chain

Project Overview

Hacken Token (HAI) is the native utility token of the Hacken ecosystem, a cybersecurity consulting company focused on blockchain security. The token was designed to provide utility within Hacken's cybersecurity services platform, where it serves multiple purposes including governance, service payments, and staking.

Intended Utility

The primary intended uses of HAI include: payment for Hacken's cybersecurity services, staking to access premium features and receive rewards from the platform's revenue sharing program, and governance participation in the Hacken DAO. Token holders can participate in voting on key platform decisions and security assessments.

Actual Utility Assessment

The token demonstrates genuine utility through active use in the Hacken ecosystem. On-chain data shows consistent transaction volume related to service payments and staking activities. The platform maintains regular security audits, bug bounty programs, and cyber security services where HAI is actively used.

Token Distribution and Governance

The token distribution shows a relatively balanced allocation with vesting periods for team and advisor tokens. The team's allocation is subject to a long-term vesting schedule, indicating commitment to long-term development rather than short-term gains. The project maintains active development with regular updates to their security services platform.

Revenue Model

The revenue model is based on legitimate cybersecurity services, with the token serving as both a payment method and governance mechanism. The staking mechanism does not involve traditional interest-bearing components but rather revenue sharing from actual business operations.

Crypto Impact

To assign a comfort level investing in Hacken Token from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Hacken Token.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating