Now Trending
What is HAPI Protocol? Overview of the HAPI Protocol project
DefiLearnNewbie
May 17, 2022

What is HAPI Protocol? Overview of the HAPI Protocol project

Overview

HAPI is a new security project launched in 2021 that provides a set of cross-chain smart contracts designed to provide real-time data on the number of funds that are stolen. stolen and compromised wallets. As a network security layer, HAPI prevents and notifies entities in the HAPI Protocol’s network of potential threats such as money laundering (ML), hacking, and other unauthorized transactions.

Highlights of HAPI

Unlike other projects like InsurACE, HAPI secures blockchain at the smart contract level. At the deepest level of the project, HAPI is currently the first platform to go in this direction.
HAPI works with the model:

Machine Learning + Oracle + DAO = First Security Oracle

The indisputable advantage of HAPI is its on-chain approach. All existing solutions that work in a similar on-chain manner are centralized systems like CEX exchanges (Binance, Huubi) and are expensive to operate.

Hapi works in its way, it directly embeds its smart contracts into the project, becoming an instant notification and warning system that prevents attacks on the system, prevents money laundering, and reduces the risk of money laundering. reduce potential losses.

HAPI is essential in preventing serious attacks on the system. One can think of HAPI as a system that instantly responds to nefarious activity and promptly notifies the network of all entities connected in the protocol about the attack. Entities in the system will have enough time to react to the attack and blacklist the address, blocking it from the platform. Thereby ensuring the safety of the platform.

HAPI ‘s system integration capabilities

  • Centralized Exchange (CEX): Centralized exchanges represent the first means of attack and money laundering that hackers seek to exploit. The HAPI protocol can be seamlessly integrated into any CEX and is designed to be easy to adapt, configure, and interact with; represents a unique case of decentralized security equivalent to solutions managed by an organization.
  • Decentralized Exchange (DEX): Decentralized exchanges are poised to go beyond the reach of traditional security measures and thus create a one-way street for money launderers and black hat hackers to flood dex exchanges one way. indiscriminate. The proposed HAPI solution relies on and retains the decentralized aspect while supporting it with AML (anti-money laundering) properties that prevent hackers.
  • Cross-chain Bridges: Today’s modern crypto environment requires an interoperable active connection between blockchains. Currently, we have a multitude of bridges that allow the transfer of assets between multiple platforms. But this also creates a potential vulnerability for malicious actors to disrupt, obfuscate, and continually run money-laundering activities. For example, the recent ChainSwap hack resulted in the loss of $800 million in users.

To combat that, the HAPI Protocol can be effectively integrated into major endpoints or bridges to notify the system of a hack/exploit that has occurred, essentially blocking the ability to transfer funds to produce tokens to other blockchains.

HAPI is targeting an untapped but very important niche in the next phase of the digital currency era.

The biggest aspect of HAPI that distinguishes it from other cybersecurity-centric projects is its focus on a comprehensive money-laundering prevention system that eliminates the circulation of malicious funds by establishing a system for The network system notifies all entities within it of the threat.

The HAPI protocol is a publicly distributed SaaS (software-as-a-service) solution that allows any project to integrate HAPI regardless of the scope and use of the project’s existing database without any problems. Essentially becoming the foundation of a secure wallet address database aggregator that keeps every entity in the network up to date on possible illegal activity.

Information about Token HAPI

Main information
Token Name: HAPI Token.
Code: HAPI.
Contract: 0xd9c2d319cd7e6177336b0a9c93c21cb48d84fb54
Total current supply: 1,000,000 HAPI.
Current circulating supply: 451,929 HAPI

Token Allocation

565 1
  • HAI, Private, Public Sale: 48%
    • HAI Sale: 24%
    • Private Sale: 18%
    • Public Sale: 6%
  • Team & Strategic Partners: 24%
  • Farming 3y: 20%
  • Liquidity Pool: 8%

Token Usage Case

The data sending fee gives the right to send any information that is connected to a hacker attack or a suspicious wallet address.

Administration. HAPI stake token holders to be able to participate in project management through Data Provider voting, including staking $HAPI to support or reject voting proposals.

Oracle rewards evaluation and audit work performed on submitted data. Any transaction made in oracle’s secure database for review requires HAPI to be used as a payment method for Oracles.

Used for DeF project audits, audit data is sent to prove that the project has passed the security check.

In addition, HAPI holders can stake tokens to receive interest as HAPI tokens, and the total supply of HAPI will increase gradually over time according to the inflation model.

Project development team

HAPI is the first project launched by the Hacken Foundation (HFoundation), which will manage the business development director for HAPI.

HAPI has successfully passed Hacken’s in-depth due diligence and is focusing on developing its product.

The project development team is Pragma Technologies, whose mission is to build a secure blockchain infrastructure for DeFi decentralized finance.

Roadmap

566 1

Partner

HAPI has been making security solutions for many famous partners, such as:

Community

HAPI homepage: https://www.hapi.one/
Twitter HAPI:  https://twitter.com/i_am_hapi_one

Summary

Hopefully, the above information will help you have an overview of the HAPI Protocol project – a security project for defi at the smart contract layer. HAPI can be considered an anti-virus software for computers

See ya in the next article !

Don’t forget to follow useful articles about Crypto Market from team Holding B !!!

Related Posts