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{"id":103,"date":"2023-05-31T15:10:58","date_gmt":"2023-05-31T13:10:58","guid":{"rendered":"https:\/\/prodtest.hacken.ai\/blog\/?p=103"},"modified":"2023-05-31T18:08:06","modified_gmt":"2023-05-31T16:08:06","slug":"hai-etd-2-0-market-buys-liquidity-adds-and-burns","status":"publish","type":"post","link":"https:\/\/site.hacken.ai\/blog\/?p=103","title":{"rendered":"HAI-ETD 2.0: Market Buys, Liquidity Adds, and Burns"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Last year Hacken released the first cybersecurity stablecoin that bakes time for auditors\u2019 teamwork \u2014 ETD (Engineering Team Day). It delivers HAI as a B2B utility, connecting the Hacken business services with the HAI token. B2B clients and partners purchase HAI from the market, convert them into ETD and use it as payment for Hacken.io<\/a> services and products.<\/p>\n\n\n\n

In fact, a Web3 cybersecurity market leader with 1,200+ clients and $9+ million in annual revenue merges its business success with its token.<\/p>\n\n\n\n

<\/p>\n\n\n\n

ETD Utility<\/h2>\n\n\n\n
ETD prospective holders are VC companies, cryptocurrency accelerators, L1 protocols, and blockchain companies that require numerous smart contract audits to maintain operations securely.<\/p>\n\n\n\n
For 1 ETD, they get 1 workday from a Hacken Auditor team of 4 people. Its price is $4,500, representing the expenditures of this team workday. The total amount of ETDs is limited to 1,000 due to the Hacken scheduled workload and person-day available in a year.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Introducing Innovative ETD 2.0 Smart Contract<\/h2>\n\n\n\n
ETD 2.0 purchase, minting, and usage models became much more mature to transfer all B2B success into HAI value. To reflect community and client feedback, we have designed an ETD 2.0 smart contract that allows clients to buy ETD at a fixed HAI\/USDT price.<\/p>\n\n\n\n
Innovative ETD solution merges Hacken business growth success with 3 pillars of successful tokenomics:<\/strong><\/h3>\n\n\n\n\n
The organic market buying process<\/li>\n\n\n\n
Permanent liquidity growth<\/li>\n\n\n\n
Deflationary tokenomics.<\/li>\n<\/ul>\n\n\n\n
The new HAI Tokenomics will provide a stronger connection between Hacken.io<\/a> and HAI ecosystem growth.<\/p>\n\n\n\n
The main ETD 2.0 improvements are:<\/strong><\/h3>\n\n\n\n\n
The option to buy ETD at a fixed price in USDT<\/li>\n\n\n\n
HAI price impact through automated HAI buying from the market<\/li>\n\n\n\n
HAI liquidity growth, impacted by prepayment proceeds through ETD purchasing in USDT<\/li>\n\n\n\n
Deflationary tokenomics through automated HAI burning<\/li>\n<\/ul>\n\n\n\n
Find the scheme describing ETD with USDT purchasing below.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
#1 \u2014 Fixed Price for ETD Acquired with USDT<\/h3>\n\n\n\n
ETD 1.0 allowed a business client to purchase ETD with HAI for further usage as a service payment, creating a straightforward HAI utility. What is new \u2014 now he also had the option to buy ETD directly with USDT alongside bringing more value to HAI. HAI price is fixed at the current market price before the ETD acquisition.<\/p>\n\n\n\n
#2 \u2014 Automated HAI Market Buying<\/h3>\n\n\n\n
ETD smart contract automatically uses 66% of received USDT to purchase HAI at a Decentralized Exchange. That creates ultimate utility with funds paid for B2B service.<\/p>\n\n\n\n
#3 \u2014 Automated HAI\/USDT Liquidity Adds<\/h3>\n\n\n\n
Half of the acquired HAI (33% from ETD cost) with the remaining USDT (33% from ETD cost) are automatically added to the Decentralized Exchange HAI\/USDT liquidity pool.<\/p>\n\n\n\n
#4 \u2014 Automated HAI Burning<\/h3>\n\n\n\n
Half of the acquired HAI (33% of ETD cost) is automatically burned.<\/p>\n\n\n\n
#5 \u2014 hDAO Role for ETD 2.0 Budgets<\/h3>\n\n\n\n
ETD uses hDAO Treasury to fill ETD swap back budgets \u2014 ETD-HAI Treasury.<\/p>\n\n\n\n
Description of automated treasury transfers:<\/strong><\/h4>\n\n\n\n\n
Clients send USDT to ETD smart contract<\/li>\n\n\n\n
The ETD-HAI Treasury is deposited with HAI from the hDAO Treasury for a USDT equivalent amount<\/li>\n\n\n\n
Clients receive ETD, which is 100% backed by ETD-HAI Treasury<\/li>\n<\/ol>\n\n\n\n
The initial amount in hDAO Treasury available for ETD acquisitions is 10 mln HAI. Further add-ons are subject to hDAO voting.<\/p>\n\n\n\n
#6 \u2014 The Client Can Swap ETD Back in HAI with a 10% Fee to Be Automatically Burned<\/h3>\n\n\n\n
If the client decides to swap ETD back into HAI, he can easily do it in 1 month after purchase. In this case, a 10% commission will be applied and automatically burned.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Values for ETD Holders<\/h2>\n\n\n\n
ETD 2.0 is a risk-free derivative for Hacken clients, partners & crypto funds as it provides a fixed price for auditors\u2019 time regardless of the market changes.<\/p>\n\n\n\n
From the holder side, ETD allows to keep HAI or freeze its value in Web3 engineers\u2019 labor time.<\/p>\n\n\n\n
Hacken continues inventions in HAI tokenomics by implementing product-based utilities. We are the first company to merge B2B success with token market buying, liquidity growth, and deflationary tokenomics in one risk-free derivative. We believe that ETD 2.0 sets industry standards for tokenomics and will create a path for HAI sustainable development for years ahead.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Be the first to know more insights about the next announcements and releases in Hacken Discord<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last year Hacken released the first cybersecurity stablecoin that bakes time for auditors\u2019 teamwork \u2014 ETD (Engineering Team Day). It delivers HAI as a B2B utility, connecting the Hacken business services with the HAI token. B2B clients and partners purchase HAI from the market, convert them into ETD and use it as payment for Hacken.io services and […]<\/p>\n","protected":false},"author":3,"featured_media":198,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[12,18],"class_list":["post-103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","tag-etd","tag-hai"],"_links":{"self":[{"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/posts\/103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103"}],"version-history":[{"count":5,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/posts\/103\/revisions"}],"predecessor-version":[{"id":317,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/posts\/103\/revisions\/317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=\/wp\/v2\/media\/198"}],"wp:attachment":[{"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.hacken.ai\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Innovative ETD solution merges Hacken business growth success with 3 pillars of successful tokenomics:<\/strong><\/h3>\n\n\n\n\nThe organic market buying process<\/li>\n\n\n\nPermanent liquidity growth<\/li>\n\n\n\n

The main ETD 2.0 improvements are:<\/strong><\/h3>\n\n\n\n\nThe option to buy ETD at a fixed price in USDT<\/li>\n\n\n\nHAI price impact through automated HAI buying from the market<\/li>\n\n\n\nHAI liquidity growth, impacted by prepayment proceeds through ETD purchasing in USDT<\/li>\n\n\n\n

#2 \u2014 Automated HAI Market Buying<\/h3>\n\n\n\nETD smart contract automatically uses 66% of received USDT to purchase HAI at a Decentralized Exchange. That creates ultimate utility with funds paid for B2B service.<\/p>\n\n\n\n

#3 \u2014 Automated HAI\/USDT Liquidity Adds<\/h3>\n\n\n\nHalf of the acquired HAI (33% from ETD cost) with the remaining USDT (33% from ETD cost) are automatically added to the Decentralized Exchange HAI\/USDT liquidity pool.<\/p>\n\n\n\n

#4 \u2014 Automated HAI Burning<\/h3>\n\n\n\nHalf of the acquired HAI (33% of ETD cost) is automatically burned.<\/p>\n\n\n\n

#5 \u2014 hDAO Role for ETD 2.0 Budgets<\/h3>\n\n\n\nETD uses hDAO Treasury to fill ETD swap back budgets \u2014 ETD-HAI Treasury.<\/p>\n\n\n\n

Description of automated treasury transfers:<\/strong><\/h4>\n\n\n\n\nClients send USDT to ETD smart contract<\/li>\n\n\n\nThe ETD-HAI Treasury is deposited with HAI from the hDAO Treasury for a USDT equivalent amount<\/li>\n\n\n\n

#6 \u2014 The Client Can Swap ETD Back in HAI with a 10% Fee to Be Automatically Burned<\/h3>\n\n\n\nIf the client decides to swap ETD back into HAI, he can easily do it in 1 month after purchase. In this case, a 10% commission will be applied and automatically burned.<\/p>\n\n\n\n<\/p>\n\n\n\n

#2 \u2014 Automated HAI Market Buying<\/h3>\n\n\n\n
ETD smart contract automatically uses 66% of received USDT to purchase HAI at a Decentralized Exchange. That creates ultimate utility with funds paid for B2B service.<\/p>\n\n\n\n

#3 \u2014 Automated HAI\/USDT Liquidity Adds<\/h3>\n\n\n\n
Half of the acquired HAI (33% from ETD cost) with the remaining USDT (33% from ETD cost) are automatically added to the Decentralized Exchange HAI\/USDT liquidity pool.<\/p>\n\n\n\n

#4 \u2014 Automated HAI Burning<\/h3>\n\n\n\n
Half of the acquired HAI (33% of ETD cost) is automatically burned.<\/p>\n\n\n\n

#5 \u2014 hDAO Role for ETD 2.0 Budgets<\/h3>\n\n\n\n
ETD uses hDAO Treasury to fill ETD swap back budgets \u2014 ETD-HAI Treasury.<\/p>\n\n\n\n

#6 \u2014 The Client Can Swap ETD Back in HAI with a 10% Fee to Be Automatically Burned<\/h3>\n\n\n\n
If the client decides to swap ETD back into HAI, he can easily do it in 1 month after purchase. In this case, a 10% commission will be applied and automatically burned.<\/p>\n\n\n\n
<\/p>\n\n\n\n