HAPI: cross chain observer

Market overview

Security of data storage and transfer are important in many sectors of the traditional economy — military, IT, budgetary or banking.

The cyber security market is one of the fastest-growing sectors of today’s digital economy. Within this segment, Cloud and Data security are growing faster than consumer spending.

In the cryptocurrency industry, securing asset storage and organizing procedures for tracing funds related to criminal activity is of paramount importance. Because of DeFi and CeFi’s innovation and openness to participation, there is an enormous need for professional and skilled solutions in the areas of data transfer and storage, smart contract audit and AML policy compliance.

Information security is a broad concept with many narrow specifications within companies’ business models. For example, Utrust (UTK) focuses on providing secure solutions for online shops and their customers to pay with cryptocurrencies. Chainalysis provides comprehensive user address analytics within a shared blockchain across various categories. Certik (CTK) creates security solutions within its own blockchain and DeepSea programming language.

HAPI is the only project on the market that combines development of security protocols and smart contracts audit based on Machine Learning and oracle networks with real-time online support for multiple blockchains. At the same time, the company focuses on the B2B model and is working with crypto-economy clients using a special form of governance — decentralized autonomous organization (DAO).

Project analysis

Year of foundation: 2021

Developers: Dona Mara, HACKEN.IO

Field of activity: Security protocol

The project originated from the Hacken Foundation, a platform dedicated to cybersecurity, as a result of the web security specialists’ joint collaboration. Given the implementation of the DAO governance model, HAPI is a unique company and has no analogs on the market.

The challenge of ensuring security and a minimum level of trust between participants in the crypto-economy is key for the maximization of decentralization benefits.

The main purpose of the protocol is to create a protocol using Machine Learning to audit the reliability of smart contracts, maintain a cross chain database of wallets associated with hacks, and provide a service for trusted interaction between different blockchains and projects.

HAPI general work scheme

An example of the protocol possible implementation.

These tasks are intended to be accomplished by designing the interaction of “oracles” that supply and store data so that a smart contract can be used to stop or limit illegal or illicit activity in the blockchain environment.

An alerting system for criminal wallets is created that is publicly available through the Write Public Interface. This way, in the event of a hack, the exchange (CEX or DEX) can promptly notify customers of the incident and take measures to prevent further interaction with criminal funds.

In parallel with tracing unreliable addresses, a database of verified smart contracts to establish a framework for trust between different companies and protocols is being developed.

Key Clients:

  • CEX exchanges that need to trace the legitimacy of the fund's origin under the AML procedure
  • DEX exchanges and DeFi protocols obtaining the ability to verify the “purity” of funds
  • traders and investors getting the opportunity to assess the level of security provided by different tokens and smart contracts
  • liquidity providers
  • liquidity aggregator platforms

Key features:

  • cross blockchain implementation
  • DAO governance model
  • a new public security standard for decentralized projects
  • conducting real-time security monitoring

Tokenomics

HAPI token is a utility token for engaging a broad audience in the project development and growth. The token can be used for the following purposes:

  • payment for the provision of data to protocol clients
  • participation in governance through a voting and token-stacking procedure “for” or “against” a particular proposal
  • payment for the oracles’ work done — for data storage and transmission
  • HAPI token allows defi applications to get their code evaluated and keep a record of their smart contracts in a public audit database

The token does not give you the right to receive a share in the company or the right to participate in the development of the protocol, but it does allow you to participate in the governance and to use the protocol.

MAX SUPPLY: 1 000 000 HAPI

CURRENT CIRCULATION: 180 223 HAPI

CURRENT MARKET CAP: $8 245 022

MAX MARKET CAP: $45 480 000

LISTED: KuCoin, GATE.io, ASCENDEX, CEX, 1INCH, Uniswap, PanCakeSwap, CEX.io

ROI PRIVATE SALE: х6

ROI PUBLIC SALE: х4.5

STAKING PLATFORM

The project has implemented the ability to stack its tokens for various terms using Bring.finance and Unifarm services. The developers have also announced HAPI’s own stacking platform for a period of 3 to 24 months and with yields ranging from 6% to 12% APY (40k HAPI tokens have been reserved for this purpose).

BOCA CHICA

Together with the SOLANA blockchain development team, a platform for start-ups and DAPPs launch is being developed. As a result, HAPI token holders will be able to participate in promising early-stage projects’ investment under conditions where startups are guaranteed to meet security standards.

To be the first to know about the latest news and events:
Official website: https://deltatheta.tech
Twitter: https://twitter.com/deltatheta_tech
TG NEWS (EN) : https://t.me/DeltathetaNEWS
TG chat (EN): https://t.me/deltatheta
TG NEWS (RU): https://t.me/deltathetanews_ru
TG chat (RU): https://t.me/DeltathetaRU

--

--

--

P2P options trading platform on Binance Smart Chain, Ethereum

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Mutual funds, index funds, ETFs, stocks, bonds, options, IPOs, bitcoins?? What should I buy??

Doing Your Own Research for Crypto Projects

How to Earn Free Bitcoin using Cryptotab Browser.

How to store NFT correctly

We’ve Launched CoinZoom Cash — Enabling Customers to Deposit Cash and Purchase Bitcoin in Over…

$BUSDY’s Double dApp: The Tiddy Twister

Who Can Benefit From Currency Exchange?

Wave Catchers NFT

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
delta.theta

delta.theta

P2P options trading platform on Binance Smart Chain, Ethereum

More from Medium

CS373 Spring 2022: Nisha Ramesh

Juiice product updates — Juiice use cases?

Automatic tagging with Radio Frequency Identification technology

CS371p Spring 2022 Week 1/24–1/30: Tejas Karuturi