Hacken (HKN) Breakdown
Someone stop me, Im on a roll with these today.
Lets take a look at a personal favorite of mine, Hacken (HKN)
Interesting enough, they start out their introduction with examples of sums of money stolen from exchanges. Not only this but Ukrainian startups and experts are among the global leaders in the blockchain revoultion. Remember this fact right here.
However, the emergence of this vibrant cybersecurity industry should be facilitated by a resourceful and ethical expert community. And such community is already there, given the leading position Ukraine already got in the major league of European IT outsourcing.
Just like Kin in my last review, Hacken wants to turn their currency system in to an ecosystem.
The big idea behind Hacken is that it turns each owner of Hackens into a community member. Because Hacken is a specialized software utility token, being primarily focused on cybersecurity professionals and projects, it will also bring these people together by providing incentives for doing business with one another and for investment in cybersecurity startups.
Basically Hacken wants to create a decentralized hacking network where the hackers come together to prevent the bad hackers from getting away. Companies and others can set out a bounty and hackers can take these bounties and get paid for their services.
After the hacker completes the service they will issue a proof of vulnerability. At the end of the bounty, the client will receive a HackenProof Vulnerabilities and Countermeasures Certificates, containing details on what you did. The clients can then adjust their blockchain sharing preferences and publish the certificate to anyone.
Do you want to know why Hacken thinks that they will succeed?
Here's why:
- Currently the supply fails to meet the demand in the area of penetration testing and bug bounty programs.
- It is custom-tailored for blockchain.
- Don't worry, we even cover the Small and medium enterprises too.
- We will more than likely be one of the firsts if not the first mover in the European market of bug bounty.
I kinda tend to agree with that list as well, good job.
Here is their intended launch periods
HackenProof Marketplace — Q4 2017
Analytics Center —Q1 2018
Hacken Accelerator — Q4 2017
Zero-day Platform — Q3 2018
HackIT Conference — Q3 2018, new competitions and speaking panels at
HackIT 2018 will be supported by Hacken
Hacken will implement a burning principle that will help people from around the world to buy the token as well as improve the growth of liquidity.
HackenProof
This is a place where the two communities can cooperate and support each other
Awesome, reading this actually made me happy that on top of their project they are trying to bring two communites together to get some good work done and make the community better.
They key features of this product is that you can create and set your own bounties for white hat hackers to come and solve and discover your vulnerabilities. You can make your bug bounty private or public, self managed or dedicated, as well as having a customer self service portal and a customizes testing environment.
I'm not going to lie to you guys, this is out of my range of knowledge and I am not going to pretend like I know what that is talking about. But from reading the white paper multiple times it is beginning to make a little sense to me and start to seem like these are pretty good features for a product like this.
Cybersecurity Analytics Center:
We are going to create a team of analysts, who will perform fundamental cybersecurity research, as well as monitor and audit existing and upcoming cybersecurity products.
Hacken Acclerator:
It is great when your employees decide to start their own business. That is an indicator that their current employment is enriching, inspiring and empowering.
Ok...ok ladies and gentlemen, let me now give you my personal review of Hacken. This is by no means financial advice, i am just giving my opinion on the coin that I am researching.
When I see a business, I look at what problem can they solve. But in fact that one question has many criteria that are involved in answering it. They way I look at how they can solve the problem by applying some middle school English fundamentals. It is always easier to write about a super specific topic than it is to write about the topic in general. In my opinion the same concept applies to businesses.
Hacken, in my eyes is exactly this. A pride driven group of Ukrainian minds, set out and determines to better the block chain world and help join two communicates together. Starting out small in Ukraine, they want to fix the problems that are at hand. Once they can then scale larger they will do so eventually tackling the whole European space. But I haven't even got to the real kicker yet.
John McAfee folks.
John McAfee does not run or work for this company but he is infact on the board of advisors.
I want you guys to have an open mind for what im about to say
People have formed opinions over him about spreading FUD and manipulation. No comment from my end but I can easily see both sides of the spectrum, but that is what happens in a market like this. However John McAfee is a god damned genius. He created the McAfee security systems that is basically everywhere and he has an unbelievable amount of influence in the crypto community. His reach extends so much farther across the internet and the block chain that he is virtually everywhere ingrained in the codes of our computer.
What I have noticed though is that McAfee is pumping these coins on his twitter to the foolish buyers at the time. But do you ever get the feeling that he has coins that he doesn't want to talk about because he doesn't want the public to really know about it yet?
This is it in my opinion. Hacken.
You have to give the man credit where it is due, the guy is a genius and almost everything that he works on turns to gold. He is an innovator and that is why he seems so out there. He is way ahead of us in terms of thinking because he is constantly thinking of how to bring the future to us now.
This is a strong strong project. Do your own research before investing and always form your own opinions.
I don’t post a lot on social media but I am always using it to find great ideas. if you want to follow me I will link the main platforms I use below.
Reddit: 
r/FatttGiraffe
After every post, I will include a few of my wallet addresses. By no means is anyone obligated to donate to me. This is not my full-time job and I am not an investment expert; hence the title “Beginner to Expert”. If by change anyone does donate to me it will 100% be put back in the market to increase initial positions or invest in new coins.
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