Hacken – HKN ICO White Hat Hacking Cryptocurrency Blockchain?

Hacken is a cryptocurrency-based marketplace for white hat hackers and developers. Find out how the platform plans to work today in our review.

What Is Hacken?

Hacken, found online at Hacken.io, is a cryptocurrency that aims to build “the next level of application security.”

Investors can purchase Hacken tokens to invest in their side of the firewall. By buying Hacken tokens today, you’re promoting the work of white hat hackers – the “good guys” – in the future.

Hacken helps white hat hackers by perfecting their code and network architecture of applications. The platform does that using “advanced cybersecurity machine learning”. That machine learning combines “the best European and global human expertise.”

In more straightforward terms, Hacken will help clients organize and manage a bug bounty problem.

Let’s take a closer look at how Hacken works.

How Does Hacken Work?

Hacken provides individualized service based on the unique code of each client, as well as their cybersecurity perimeter. The platform offers a wide range of customization options for each bug bounty program. Hacken organizes and manages the bug bounty program, and companies enjoy better application security through a network of security experts.

Right now, the main focus of Hacken is blockchain technology – particularly blockchain technology that will be used in global finance and state governance programs around the world. Hacken believes this technology has enormous promise in managing large organizations – and even countries. However, blockchain technology is still relatively volatile, which could hamper future adoption.

Hacken, as explained in the whitepaper, “is determined to become the medium of cooperation between the blockchain community and global cybersecurity experts, whose expertise is based on the real life defense and penetrations.”

With that in mind, Hacken plans to offer several different features, including a marketplace, a research center, and a zero day exploit marketplace.

Hacken Features

Some of the core features and platforms of the Hacken ecosystem include:

Hacken Bug Bounty Marketplace:

Bug bounties are posted and claimed by hackers. Companies can interact with tech experts in a peer-to-peer environment, then watch as their application passes through the certification process.

Unreported Zero Day Remuneration Platform:

Zero day exploits are often sold onto black hat hacker online marketplaces. Hacken aims to give white hat hackers a better option – a remuneration platform where companies can purchase zero day exploits.

Hacken Cybersecurity Startups Incubator:

Hacken will encourage the growth of cybersecurity startups, acting as an accelerator program.

Cybersecurity Analytics Center:

An analysis and research center for the latest online threats. The center will focus on blockchain security, vulnerabilities, and countermeasures; cryptography, secure communications, and data protection; big data analytics and visualization in cybersecurity; and classification, comparison, and market research of cybersecurity products

HackIT Conference:

A conference for white hat hackers which will include competitions like “Capture the Flag” events and more.

How To Use Hacken

Here’s the basic process by which anyone can use Hacken:

  • Step 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
  • Step 2) Experts help customers setup and customize their program, then manage the program if needed
  • Step 3) After the scope of the security assessment is established, the team invites the Hacken community to participate in the assessment; hundreds of white hats evaluate the customer’s code for vulnerabilities and bugs
  • Step 4) Community members submit and prioritize vulnerabilities, and the reports are checked for relevance and originality
  • Step 5) Community members receive a fee for discovering valuable vulnerabilities
  • Step 6) The customer can additionally order advice from the Hacken security solution architects team to develop countermeasures if necessary
  • Step 7) The customer gets a Vulnerabilities Certificate, attesting that his or her software was examined and tested by the Hacken community; customers can also choose to have a separate Countermeasures section in the certificate, which lists all of the issues that were discovered and patched

Hacken also plans to implement a money back guarantee, where customers can purchase an additional guarantee. If the customer finds a major exploit after it receives a HackenProof certificate, then the customer will receive their money back.

The HKN Token Sale

Hacken uses the blockchain in cybersecurity, but it also has a digital token built on the blockchain. There will be a total supply of 20 million HKN tokens. 1.3 million are available during the pre-sale, while 18.7 are available during the main token sale. No future emissions are planned.

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

The token sale begins on September 23. It will last for 30 days. It’s not totally clear how Hacken’s token total supply breaks down. However, it appears they have more than 20 million tokens, and the “max cap” referred to above is just the max for the token sale. Later on in the Hacken whitepaper, the company claims that 80% of tokens are available through open sale, while 10% are kept for team remuneration, 7% for advisors, 1% for community managers, and 2% for token sale bounties.

Who’s Behind Hacken?

Hacken is led by a Ukraine-based team of cybersecurity experts. Key members of the team include CFO and Lead Manager Dmytro Budorin, Mykyta Knysh, Community Director, Andrii Matiukhin, CTO, and Dr. Yegor Aushev, COO.

Hacken aims to launch its marketplace in Q4 2017, with the remaining platforms mentioned above launching throughout 2018. The Analytics Center will launch in Q1 2018, the Hacken Accelerator will launch in Q4 2017, the zero-day marketplace will launch in Q3 2018, and the HackIT Conference will take place in Q3 2018.

Hacken Conclusion

Ultimately, Hacken wants to be a force for good in the world. The platform aims to make it easier for white hat hackers and companies to interact with one another. Some of the core features of the platform include a bug bounty marketplace and an unreported zero-day exploit remuneration platform. Hackers can earn an income through the Hacken ecosystem without resorting to “black hat” activities, like selling zero day exploits to black hat hackers.

To learn more about Hacken, visit the platform online today at Hacken.io.

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