HAPI

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Discover HAPI's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is HAPI?

HAPI Protocol (HAPI) is a decentralized, blockchain-agnostic cybersecurity protocol designed to detect and prevent malicious activity in the blockchain space. It gathers intelligence on security breaches and threats from multiple sources, including external and on-chain data, and provides real-time notifications and alerts to projects through smart contracts. The protocol has various use cases, including a reporting and alert system, a vetting system for wallet addresses, and integration with DeFi and DEX protocols. The HAPI token is used for governance, voting, and as a medium of exchange within the ecosystem.

How is HAPI used?

HAPI (HAPI) is a utility token used within the HAPI Protocol, a blockchain agnostic cybersecurity protocol designed to prevent and notify entities about potential threats of money laundering, hacking, and other unauthorized transactions of funds. Here are the primary ways HAPI is used:

  1. Data Submission: Users can submit information about hacker attacks or suspicious wallet addresses, contributing to the security data bank and enhancing the overall security of the ecosystem.

  2. Oracle Rewards: HAPI tokens are used as payment to oracles for their services in maintaining the security oracle database for audit reviews.

  3. Governance: Users can stake their HAPI tokens to participate in project governance, such as electing data providers and making decisions on the direction of the protocol.

  1. Security Audit Status: DeFi project audit statuses are submitted to a unified report center to prove that they have passed a security check, which requires HAPI tokens.

  2. Reporting and Alert System: Users can report malicious actors, and the system alerts other users in real-time, helping to maintain a safer crypto environment.

  3. Address Vetting: HAPI allows users to check if a wallet address has been involved in malicious activity, ensuring safer interactions within the ecosystem.

  1. Smart Contracts for DEX and DeFi Protocols: HAPI embeds directly into DeFi protocols, providing real-time monitoring and alert systems to prevent illicit activities.

These uses of HAPI tokens are integral to the functioning of the HAPI Protocol, which aims to create a safer and more secure environment for blockchain and DeFi applications.

How do I store HAPI?

To store HAPI Protocol (HAPI) tokens, you can use a variety of wallet options. Here are a few:

  1. Atomic Wallet: This wallet supports HAPI Protocol and allows you to manage your tokens securely. It does not require registration or KYC, ensuring your privacy. Your private keys are encrypted and remain on your device, giving you full control over your funds.

  2. Trust Wallet: This wallet can be used to store HAPI tokens. You can download the Trust Wallet app on your mobile device or use the Chrome extension on your desktop. Make sure to keep your seed phrase safe and note your wallet address for future transactions.

  3. Kucoin Wallet: Some users store their HAPI tokens directly on the Kucoin exchange, which is a centralized exchange where you can buy and sell HAPI tokens.

  1. HAPI Protocol Wallet: You can also use the official HAPI Protocol wallet, which is designed specifically for managing HAPI tokens. This wallet provides a secure and user-friendly interface for storing and managing your tokens.

It is essential to choose a reliable and secure wallet to protect your HAPI tokens from potential risks and unauthorized access.

How to buy HAPI?

To buy HAPI tokens, you can follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports HAPI trading, such as ChangeNOW, KuCoin, or MEXC.

  2. Create an Account: If you don't already have an account on the chosen exchange, sign up with your email address, mobile phone number, and country of residence. Ensure you create a strong password and follow any additional security steps, such as setting up two-factor authentication.

  3. Verify Your Account: Complete the verification process by providing personal information and uploading a valid Photo ID. This step is crucial for securing your account and complying with regulatory requirements.

  1. Add a Payment Method: Link a payment method, such as a credit/debit card or bank account, to your exchange account. This will allow you to purchase HAPI tokens using fiat currency.

  2. Buy HAPI: Use your linked payment method to buy HAPI tokens. You can exchange fiat currency for HAPI or trade other cryptocurrencies for HAPI.

  3. Store Your HAPI: Once you have purchased HAPI tokens, ensure you store them securely in a compatible wallet. You can use a Web3 wallet like MetaMask or a centralized exchange's built-in wallet.

Alternatively, you can also buy HAPI tokens on decentralized exchanges (DEX) by following these steps:

  1. Choose a DEX: Select a DEX that supports HAPI trading.
  2. Install a Web3 Wallet: Download and set up a Web3 wallet like MetaMask.
  3. Transfer Cryptocurrency: Transfer a cryptocurrency like ETH or BNB to your wallet.
  4. Connect to the DEX: Connect your wallet to the DEX.
  5. Swap for HAPI: Use the DEX to swap your cryptocurrency for HAPI tokens.

Remember to always follow best practices for securing your accounts and wallets to protect your investments.

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History of HAPI

HAPI is a decentralized cybersecurity protocol that focuses on the DeFi ecosystem. It was launched in March 2021 and aims to prevent and notify entities about potential threats such as money laundering, hacking, and unauthorized transactions of funds. The protocol uses a combination of on-chain and off-chain data to identify and categorize suspicious addresses, providing a notification system and a binary risk categorization service to DeFi projects.

HAPI has partnered with several organizations, including NEAR, to secure its blockchain. The protocol's main goal is to become a security standard for DeFi classes, preventing illicit funds from entering off-ramp destinations. It achieves this by marking and categorically dividing each address into tiers of potential fraudulence.

The HAPI token, which is the utility token for the HAPI Protocol, plays a crucial role in the ecosystem. It is used for data submission, oracle rewards, governance, and security audit status. Users can stake their HAPI tokens to participate in project governance and contribute to the security data bank by reporting unlawful players.

The founding team consists of experts in cybersecurity and blockchain, including Andrei Arsenin (CTO), Dima Afonin (CMO), Vadym Prykhodko (BD Lead and COO), and Eugen Pshenychkin (Product Owner).

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How HAPI works

The crypto HAPI (HAPI) is a decentralized security infrastructure provider designed to enhance cybersecurity in the decentralized finance (DeFi) and cryptocurrency sectors. Here's a detailed overview of how it works:

Key Components
  1. Security Infrastructure:

    • Cybersecurity Layer: HAPI functions as a cybersecurity layer, providing DeFi users and operators with data to prevent hacking activities. It issues security scores to wallet addresses, which service providers can use to determine the risk level associated with a particular address.
  2. Tokenomics:

    • Token Supply: The total supply of HAPI tokens is 1,000,000, with a specific allocation for different purposes such as team and partners, private token sale, public token sale, liquidity pool, and farming rewards.
    • Token Release: Tokens are released according to a 10-month curve, ensuring a controlled supply to the market.
  3. Governance:

  • Decentralized Autonomous Organization (DAO): HAPI is governed by a DAO, where users can participate by staking their HAPI tokens. The more tokens staked, the greater the voting power.
Functionality
  1. Risk Categorization:

    • Binary Risk Categorization: HAPI categorizes wallet addresses into tiers based on their potential fraudulence. The tiers include low-risk, medium-risk, high-risk, and severe risk, depending on the address's history of interactions with malicious organizations, mixers, darknet services, hackers, and scammers.
  2. Notification System:

    • Bulwark System: The Bulwark system propagates data and notifications about illicit activities to all entities connected to the HAPI protocol. This ensures that DeFi protocols and exchanges are informed about potential security threats.
  3. Reporting Page:

  • Centralized Exchanges and DeFi Protocols: The reporting page allows centralized exchanges and DeFi protocols to report addresses based on the binary risk categorization system, enhancing the overall security of the ecosystem.
  1. Oracle System:

    • Trustless Oracles: HAPI uses trustless oracles to provide real-time data to applications. Anyone can operate a decentralized oracle within HAPI if they meet the minimum requirements in terms of quality and availability, incentivizing users to participate and secure rewards.
  2. Developer Tools:

    • Plugin Library: HAPI features a constantly evolving plugin library that includes vital components for DApps, such as signed cookies, secret rotation, and HTTP security headers. This speeds up HAPI integrations and improves coding times.
Technical Details
  1. Node.JS: HAPI is built on Node.JS, making it easy to work with and enabling developers to use the popular coding language JavaScript. This structure supports a flexible server environment that can handle security applications across various networks and platforms.

  2. API: The HAPI API is dynamic and supports features like routing, input/output validation, and caching. It is the primary means of communication between HAPI and other DApps across multiple blockchains.

Token Usage
  1. Data Submission: HAPI tokens are required for data submission, allowing users to submit information connected with hacker attacks or suspicious wallet addresses.

  2. Oracle Rewards: HAPI tokens are used to pay oracles for their services in the security oracle database for audit reviews.

  3. Governance: HAPI tokens are used for governance, enabling users to stake their tokens and participate in project governance, such as electing data providers.

Overall Impact

HAPI aims to become a security standard for DeFi applications, preventing illicit funds from entering off-ramp destinations. By tokenizing security protocols, HAPI creates new standards and accountability, ultimately enhancing the security and adoption of blockchain technology.

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HAPI's strengths

The token HAPI (HAPI) has several strengths that make it a valuable utility token in the blockchain space:

  1. Cybersecurity Focus: HAPI is specifically designed to tackle cybersecurity threats in the DeFi ecosystem, providing a robust solution to prevent and notify entities about potential threats such as money laundering, hacking, and unauthorized transactions.

  2. Decentralized Security Protocol: HAPI operates as a decentralized security protocol, utilizing both on-chain and off-chain data to detect and prevent malicious activity. This hybrid approach ensures a comprehensive security solution.

  3. Machine Learning Integration: HAPI incorporates machine learning for off-chain data processing, enhancing the accuracy of risk representation and categorization of malicious addresses.

  1. Real-Time Monitoring and Vetting: The protocol offers real-time monitoring and vetting capabilities, allowing users to report and track malicious actors, and ensuring that addresses are checked for previous involvement in illicit activities.

  2. Smart Contract Integration: HAPI's smart contracts are embedded directly into DeFi protocols, providing an additional layer of security and aiding in money laundering prevention.

  3. Governance and Participation: The HAPI token enables users to participate in project governance, submit data, and receive oracle rewards, fostering a community-driven approach to security.

  1. Utility and Versatility: The token has multiple use cases, including data submission, oracle rewards, governance, and security audit status, making it a versatile and valuable asset in the HAPI ecosystem.

These strengths position HAPI as a robust and comprehensive security solution, well-equipped to address the cybersecurity challenges faced by the blockchain industry.

HAPI's risks

HAPI (HAPI) is a cryptocurrency project focused on providing cybersecurity solutions for the DeFi ecosystem. The financial risks associated with HAPI are primarily related to its investment and usage within the DeFi space.

Investment Risks
  • Market Volatility: The value of HAPI tokens can fluctuate significantly due to market conditions, making investments in HAPI subject to potential losses.
  • Risk of Loss of Capital: All investments in HAPI carry the risk of losing capital, as with any other investment.
Usage Risks
  • Security Risks: As a cybersecurity protocol, HAPI is designed to mitigate security threats. However, if its own security mechanisms are compromised, users may face risks of unauthorized transactions or data breaches.
  • Dependence on Data Providers: HAPI relies on data providers, such as exchanges, to function effectively. If these providers fail to deliver accurate data, the effectiveness of HAPI's risk categorization system may be compromised.
Governance Risks
  • DAO Governance: HAPI's governance is dependent on the use of HAPI tokens, which can lead to potential issues if the DAO is not functioning as intended.
Liquidity Risks
  • Liquidity Pool: HAPI's liquidity pool is a critical component of its ecosystem. If the liquidity pool is insufficient or experiences issues, it may impact the usability and value of HAPI tokens.
Regulatory Risks
  • Regulatory Uncertainty: As a cryptocurrency project, HAPI is subject to evolving regulatory environments, which can impact its operations and value.

These financial risks highlight the importance of thoroughly understanding the HAPI ecosystem and its potential vulnerabilities before investing or using the token.

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HAPI’s team

Here are the key team members behind the crypto HAPI (HAPI):

  • CTO: Andrei Arsenin
  • CMO: Dima Afonin
  • BD lead and COO: Vadym Prykhodko
  • Product owner: Eugen Pshenychkin
  • Strategic Advisor: Yuri Olentir

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