$HES holders are placed first in a four-tier priority queue for allocations. The step-by-step guide and conditions are coming soon.
About CV Pad:
CV Pad is a revolutionary launchpad that democratizes access to early-stage venture capital investments. It’s designed to go beyond the traditional launchpad model by integrating the robust ecosystems of CV VC, CV Labs, and DuckDAO to offer an unmatched support system for founders. This platform signifies a new era in investment, opening doors to high-growth opportunities through ecosystem integration, acceleration, incubation, and a network of preferred partners.
CV VC: Leading the Charge in Global Blockchain Investment
CV VC stands as a vanguard in the blockchain investment arena, with a footprint spanning continents and a portfolio that reads like a who’s who of blockchain innovation. The collective expertise of its leadership, including Alex Wassmer, Yvonne Bettkober, Philipp Rösler, Mathias Ruch, Olaf Hannemann, and Florian Kohler, cements CV VC’s position as a beacon of entrepreneurial spirit and investment prowess in the blockchain sector.
CV Labs: The Epicenter of Blockchain’s Brightest Innovations
At the core of the most dynamic blockchain ecosystem, Crypto Valley, lies CV Labs — a Switzerland-based powerhouse of innovation and the cradle of the next generation of blockchain unicorns. As an extension of CV VC, CV Labs embodies the essence of Crypto Valley, fostering an environment where startups are not only incubated but catapulted into the blockchain stratosphere. With its unparalleled resources, networks, and acceleration programs, CV Labs is reinventing the future of digital interactions and transactions, making it a linchpin in the CV Pad initiative.
DuckDAO: Redefining Venture Capital with Community at Its Core
DuckDAO’s journey from a decentralized community incubator to a titan of the industry encapsulates the revolutionary spirit of blockchain. Their commitment to decentralization and community-powered projects has led to a new era of project launches and venture capital, proving that the power of the collective can indeed shape the future.
Exclusive Allocations: A Bullish Opportunity for Hacken’s Vanguard
The CV Pad venture is a testament to what’s possible when the forces of CV VC, CV Labs, and DuckDao converge—creating an investment landscape ripe with potential and brimming with opportunities for growth and innovation.
Seize Your Place in the Blockchain Revolution
This extension is your invitation to join a groundbreaking journey alongside Hacken and CV Pad. Prepare your $HAI, secure your $HES, and ready yourself for an adventure into the uncharted territories of blockchain technology. With CV Pad spearheading the innovation charge, $HES holders aren’t just investors—they’re pioneers at the digital forefront, placed first in a four-tier priority queue for allocations.
Stay tuned for more details on how to leverage this bullish opportunity with CV Pad and step into a world where blockchain dreams become investment realities.
]]>Trust Army, Web3 research and educational platform, has just released an updated report that provides valuable insights into the current state of EVM-compatible projects included in CoinGecko’s top 1,000.
The Trust Army team has analyzed 559 Web3 projects, and the results show some interesting trends that investors and enthusiasts should consider when navigating the blockchain space.
Transparency remains a major issue for Web3 projects, with 17.35% of ones concealing their whitepapers and 32% of projects hiding their tokenomics. This lack of transparency can make it difficult for investors to evaluate a project’s potential and risks, highlighting the need for platforms like Trust Army that provide unbiased analysis and education.
Security is also a concern, with only 30.2% of projects passing smart-contract audits.
Update from May 30th: the percentage of 30.2% covered 100 researched projects. The end result on 559 projects shows the growth of passed smart contract audits found by our team to 68.87%
A lack of passed audits is a critical issue for investors, as smart contracts are the backbone of Web3 projects, and any security flaw can have devastating consequences.
Coins’ supplies controlled by whales is another issue that Trust Army’s report highlights. 32.9% of projects have token holders that hold 1% or more of the total token supplies, and a staggering 45% of projects have token holders who own 10% or more of total supplies. This concentration of tokens in the hands of a small group of holders could pose concerns regarding unpredictable consequences regarding the tokens’ value.
These insights reveal that there is still a long way to go in bringing transparency and security to the Web3 industry. However, Trust Army aims to tackle this issue head-on through the mission of building a trusted and transparent blockchain space.
We will make quarterly reports based on Trust Army’s collected data to provide up-to-date insights on the industry. The next one will be devoted to the projects offered for users to explore in the 1.0 version, which is now available. To contribute to the overall results and bring Web3 transparency closer, users can register at Trust Army.
With on-chain analysis data skills, users can help to analyze projects and contribute to further reports findings. In conclusion, investors in the Web3 industry must be cautious and diligent in their research. Trust Army’s report highlights the importance of transparency, security, and fair distribution of token supplies in making informed investment decisions. Through the platform’s efforts, we hope to see a more trustworthy and reliable Web3 ecosystem in the future.
]]>Trust Army, a Web3 research platform, has been working on the Beta version that allows users to investigate the tokenomics of 560 blockchain projects. Over 98 days, we received 5,296 reports from the first Trust Army users. Our validators continue to verify the reports submitted in a heightened mode to make conclusions on the projects within the Beta version and to provide payouts for completed missions. Validators have already made the first evaluations, enabling us to start estimating the level of transparency in Web3.
Methodology
The data presented below is based on a sample of 100 blockchain projects and covers several metrics:
- The readiness of projects to be transparent and showcase their tokenomics and whitepapers to potential investors for study.
- Projects’ stance on security and audit of the smart contracts used to ensure their operations.
- Distribution of cryptocurrencies among holders.
Results, based on out of the 100 verified projects
- 17% of projects conceal their whitepapers.
- 34% of projects hide their tokenomics.
- Only 50% of projects got a smart contract audit.
- 33% of projects have whales holding 1%+ tokens of the total supply in their wallets.
- 39% of projects have 10%+ of total tokens supply in just 1–3 wallets.
Conclusions
Initial discoveries suggest that blockchain projects do not always prioritize transparency and security. Besides, a large percentage of the distribution supply in a few holders’ hands indicates a significant volume that can have an unpredictable impact on the project’s sustainability and future.
The first results obtained from Trust Army demonstrate the critical importance of ongoing analysis and monitoring of the Web3 market and the necessity for Trust Army to enable further research and insights into the ever-evolving landscape of cryptocurrencies.
NB! This report is an interim analysis, and Trust Army’s validators continue to investigate the remaining projects according to the above metrics. This report will be updated to cover all projects proposed by Trust Army to users for research as soon as the validators provide the necessary results.
Finally, the Trust Army 1.0 version is coming soon, and a limited circle of users is already testing the platform together with the first HAI utility proposed in the updated HAI tokenomics, Trust Fuel. Read more about Trust Fuel in this article.
]]>The development of Trust Army 1.0 is on its track. This week, we released the first Development Update to keep you informed about the tasks completed during the last sprint. While the Dev Team continues to bring us closer to the full release, let’s oversee the main results achieved during the Beta version operation, which ended on March 27.
Trust Army Beta, also the MVP, was a pivot assignment set designed to make users quick-start at Trust Army, test the platform functionality, and try their hand at first blockchain data research. The Beta version is designed to identify bottlenecks, test hypotheses, and consider its findings in the full version.
The main test objectives of Trust Army Beta were to:
- Define the industry and market feasibility
- Review the platform usability, workflow, and high-load infrastructure
- Testify the ability of users to cope with the suggested data collection tasks of different complexion levels
The testbed had been underway for 98 days, which met the rigorous timeframe and the average duration required by the test objectives.
Trust Army Front End and Back End
From the front-end side, the Dev team should create the platform according to the provided design. The main task was not to overload the website with unnecessary technologies and libraries but to make it convenient for further support and development. Also, it was necessary to make the platform adjustable and accessible to various devices.
Since the design is not conceived of standard libraries, the team has developed its system consisting of components, iconography, and styles. Thus, it was possible to achieve website usability and compatibility without being loaded with optional logic. During the Beta development, the team minified and verified the code to take out everything redundant and unnecessary.
From the back-end side, the objective was to create a correct and convenient architecture, to implement the authorization with Discord for further use within our platform. We needed to choose technologies that allowed us to scale our system. Besides, due to a startup’s nature, the product should provide us with a fast development speed from scratch.
So our tech stack consists of but is not limited of:
JavaScript, JustValidate, Discord API, MySQL, DigitalOcean.
Reports Submission Activity
During the above period, 4,348 users registered on the platform and were proposed to complete missions (reports) regarding the information on tokenomics and on-chain data collection on 508 Web3 projects.
As part of the Beta version, all users had the opportunity to complete missions unlimited times, so the number of reports sent is more than ten times the number of presented projects, which is 5,296 reports.
We can note the different levels of user activity on the platform. There were users whose user journey did not end with report submission and those whose reports exceeded 90% of the total number of presented projects.
We also recorded the results of completing missions from different devices. The data indicates that platform users prefer using Desktop devices, rather than Mobile ones, which also provides higher payouts for valid reports. Thus, the Desktop version usage was 86.6%, while the Mobile version was 13.4%.
Tasks Completion Conclusions
The Platform Beta provided users with the first mission consisting of 7 tasks.
To complete the mission, a member needed to:
- Select one of the projects published on CoinGecko from the list
- Add all the token addresses on all relevant networks
- Attach a CSV file for each network
- Find information that describes tokenomics
- Attach a document that describes tokenomics
- Decrypt tokenomics by studying the document and giving the information regarding allocations, token generation events (TGE), cliff and vesting periods, and release schedules
- Enter a HackenAI wallet address to receive the first payment for the submitted report
- Tap the ‘Send Report’ button
Before starting a report submission, Trust Army provided a detailed guide to help newcomers research blockchain. It included explanations on Web3 research required for Trust Army, followed by animated graphics to mark what was required to find for the report submission.
Reports Submission Success Rate
In light of many non-Web3-advanced newcomers joining the platform, the interim success rate is 47.4%, indicating the growing interest of users in data collection and eagerness to learn the cryptocurrency basics.
Basic tokenomics definitions were familiar to the majority of Trust Army users since the Beta started. At the same time, some issues regarding Cliff and Vesting periods and Token Generation Events occurred when users were completing tasks with the highest complexity.
Users successfully found tokenomics, issuances, and tokens distribution even if they were not displaced on data aggregator websites or official websites of offered Web3 projects.
User Success Case
Starting from an entry-level to advanced in crypto, a person can get HAI tokens based on the correct reports he sent. The record payout to a user was more than 94,000 HAI, but overall, payouts for Trust Army soldiers can be unlimited. Hence, the Beta version has shown that the record payout for correct reports, submitted by one user, can be compared with the average Web3 Data Analysts’ wage.
Currently, our team is validating all sent reports with an accelerated schedule to draw appropriate conclusions about the level of transparency of the projects and to make payments in HAI tokens to all Beta version users.
You can see interim data on the best-performing users regarding the users’ success rate and the number of sent reports. Once the Trust Army team validates all the reports, we will publish the final success rate based on the results of the Beta version.
Detected Bottlenecks
During the Beta version operations, we’ve faced the problem of validating large data arrays. Now, the team is already reworking the system. During the validation of reports, we single out the most successful users to offer them to become validators based on their success rate. It will take some time to check the full amount of reports. However, the Beta version showed an interest in the project’s vision and goals, the willingness of people to make their effort, to study crypto, and to build Web3, where trust is the default.
Overall, the Beta version launch and operations showed its viability and fulfillment regarding the set goals, shaping advantages of its use for Web3 enthusiasts and increasing Web3 transparency and trust.
Both operational and technical results obtained within the Beta version are already being actively implemented in the 1.0 Version to increase its efficiency, convenience, and wide dissemination.
Thanks to all the users who joined the Beta!
Soon, we will provide you with more insights, obtained from the analysis of projects proposed by the Trust Army, and announce our next milestone — the launch of the 1.0 Version with a full range of functions.
Follow us on Twitter for further updates and become part of our community on Discord.
]]>At Hacken.AI, we are gaining traction by developing the products covered by the 2023 Roadmap to create facilitated access to our ecosystem. From today onward, we will share the results of the work done by the Development Team and keep you up to date with technical news that drives our Web3 broadening!
Currently, our primary focus is the Trust Army platform 1.0 release. Being worked on in full swing by the Development Team, Trust Army is carrying out following the foremost plan.
The Trust Army Development Team consists of 13 employees from different structural units, covered by On-chain Data Analysis, Front End & Back End, Software & DevOps Engineering, UI & UX Design, QA, and Project Management.
Trust Army Tech Stack
We aimed to choose technologies that allow us to quickly scale our system to support 100k user requests per second. So, due to the startup nature of the product, it should provide us with a fast development speed from scratch. Our tech stack consists of (but is not limited to): Kubernetes, Spring Framework, Java 17, MongoDB, and Redis.
Language and Solutions
Let’s start with the front-end stack. For our language, we’ve decided to go with JavaScript and TypeScript. We chose the latter because we needed more safety but did not want to incorporate unit or E2E testing. There is a belief that TypeScript, in terms of human resources, would be less expensive for the project (worth mentioning that TypeScript cannot do all the work that tests do or can replace tests as such). As the main library framework, we have chosen React.
Our UI library is Material UI because it is well-typed in TypeScript, provides a lot of useful components and approaches, and supports code-splitting and tree-shaking. And since Material UI comes with the Emotion solution, we also decided to go with it. From the very beginning, we actually knew that we would like to have enhanced code splitting support in our web app with a CSS-in-JS style solution. We also choose Redux Toolkit for our global state management, where we mainly store only UI-related stuff and some custom global UI states that do not relate to the back end. And, of course, we use React Router for our routing. As our fetch engine/api sync mechanism, we have chosen React Query as it provides an elegant cache and fetches API to integrate with our back end common in their API design. As our fetch library, we use Axios for file uploading.
We use React Hook Form for our form library because we wanted to try out something newer instead of Formik, but now, we see both of these libs share a lot in common in their API design. React Hook Form comes with some inner bugs and tricks due to its re-render optimizations, especially when some non-standard situations have a place. But still, that is an excellent tool in your project stack anyway.
All these solutions are packed and built with Create React App to make the process as mainstream as possible to engage a big community alongside. That is exactly what we need in Trust Army development. And last but not least — we use Es-lint, Prettier, Husky, and Lint-Staged for code quality checks.
Once we’ve finished with the stacks and technologies overview, it’s time to read further about implementations made within the last development sprint!
New Authorization
Each Trust Army Beta user is familiar with the current Sign Up & Login flow, requiring you to connect your Discord account with the platform.
The Trust Army 1.0 version will provide you with the new authorization method. It will require your email address and HackenAI (in the future — hAI) wallet. To deliver this new flow to you, our team has finished corresponding back-end and front-end tasks within the last development sprint.
Academy Chapters
The last sprint also included the Trust Army Academy back-end and front-end parts. In particular, the Dev Team has made the first 3 educational chapters, followed by midterm and final exams.
By the way, the Academy development is an essential part of the 1.0 version release, as it will be a gateway to accessing the tasks’ completion.
User Dashboard
Trust Army 1.0 version will allow you to monitor your work-in-progress and success, enabled by the user dashboard!
The dashboard will indicate your learning gains with the progress bar and a button to resume learning at the Academy.
With the dashboard, you can track your stats and see the number of completed missions, earned HAI tokens, and the number of accepted, pending, and declined reports.
The dashboard will also allow you to oversee your achievements and other users’ successes in real-time. So, get ready for the data collection rally!
To deliver this feature to you, the last sprint included the dashboard back-end development process.
Mission Pages
Over the last time, the Development team has finished the back end and front end for 3 pages with Trust Army missions. Each mission differentiates from others, contains sets of unique data-collecting tasks with increasing difficulty levels, and becomes accessible after passing a corresponding Academy chapter.
Notifications
Trust Army usability will also be enhanced with the user-friendly notification system and the Notification bottom on the navigation bar. With that, we will be quickly informing you about multiple events on the platform:
- The amount of HAI you earned
- A sent report
- A report is verified
- A report is rejected
- An error occurred with a report
- Platform improvements and new features
And, of course, the 1.0 version did not go without QA Test & Bug Fixes
Beta Testing Is Scheduled
Soon, we will announce the recruitment of Beta testers to the most active and well-performed Trust Army Beta Soldiers to test Trust Army 1.0 in real-world conditions before its full launch.
Stay up-to-date for the next announcement on our Twitter and Discord, and don’t miss the chance to experience the 1.0 version firsthand.
Trust Army 1.0 will be launched quite soon. The following Development updates on Trust Army and other Hacken.AI products are coming!
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