What is HAPI Digital Currency? A platform for smart contracts between blockchains
Launching a Defi project is like throwing a rocket: few tools guide its trajectory after the missile is launched. Of course, HAPI can issue its commands, or HAPI can update its software. However, any unexpected event can lead to a catastrophe, and you, as the developer, will have no way of influencing it. You will become a passive spectator. One of the attractive Defi projects that can act like this rocket is HAPI digital currency (HAPI), which we have introduced and reviewed in this article.
What is HAPI digital currency?
Hapi Digital Currency is a set of intelligent cross-chain (multi-blockchain) contracts designed to improve the security of Defi. Oracle HAPI, combined with a decentralized autonomous organization (DAO), is a revolutionary SaaS system that prevents hackers from invading the Defi world.
The HAPI system has features that make it relatively easy to use and can be helpful and essential in exceptional cases that HAPI will mention below. Among these important and practical features are:
- Inter-blockchain system: compatibility with most popular blockchains on the market such as Ethereum, WeChain, Polkadot, and…
- Provide live public data
- The HAPI system will use decentralized exchanges, lending protocols, derivatives protocols, and other Defi products.
- Significant increase in the security level of Defi projects
- Protect DEX collectors, Defi platforms, and their users from financial and credit risks
- Receive data from selected providers by DAO or the community
HAPI Communication with the Hacken Foundation
HAPI is the first project launched by the Hacking Foundation ( foundation ). This positive point will drive the Hopi digital currency business development. With Hacken’s perseverance, Hopi’s technology team has completed the work on the details and mechanism of the system, and from now on, they will focus only on the development of the product itself. 
Most of all, members of the HAI Token Community (HAI) will benefit from this partnership during the first phase of token sales. In the future, HAI investors will be able to stick to their hop tokens and gain more HAPI through a cross-blocking sticking platform.
What are the uses of HAPI digital currency?
Hapi tokens have many beneficial uses for all users and activists in Diffie projects, such as centralized exchange (CEX) or decentralized exchange (DEX). Here are some of these applications:
- Protect CEXs from accepting property stolen: If an exchange such as Coinbase or Binance is connected to the HAPI system. They will be alerted if stolen funds are deposited. An exchange office will also lock that capital when the issue is clarified.
- Stop depositing money at addresses suspicious DEX: Decentralized exchanges such as Uniswap or Sushiswap, using HAPI intelligent contracts, can identify suspicious wallet addresses and reject any transaction request to prevent money laundering.
HAPI digital currency performance
HAPI investors will act as the security rulers of the Defi industry, determining the direction and speed of acceptance of digital currencies.
The Hapi token is an ERC-20 token generated in the Ethereum blockchain, which powers the HAPI protocol. The primary function of this token is to issue directives between data providers and security oracles. 
The data provider sets the final price based on the level of demand for the out-of-chain source and the provision of similar information. Here are some of the essential functions of HAPI digital currency:
- Governance: HAPI investors stick to their tokens to participate in administration and project management by choosing a data provider. So this is done by attaching a hop token to support or reject an offer or decision.
- Reward oracles for reviewing and auditing work done on submitted data. Also, any transaction performed at Oracle Security Base for auditing requires HAPI; Because the payment method to forecasters is done with this token.
- Assign the audit status of the Defi project to the Unified Reporting Center to confirm acceptance at the security assessment stage.
The total number of HAPI tokens increases over time based on a specific inflation model. As long as the hop owners stick their tokens, the supply is divided. Also, these people can make decisions on various issues by sticking their receipts.
What is the distribution of HAPI tokens?
Hapi is an ERC20 instrument token, which means Hapi can store it in any wallet that supports ERC20 tokens. According to the model of this token, 1 million hop tokens will be produced at the beginning of the network and will be distributed as follows.
The main benefit of the HAPI project cooperation with the Hacken Foundation will be members of the HAI token community. Investors in this token have a unique opportunity to enter the project at a great price.
As mentioned, the total number of tokens released at the start of the project is 1,000,000 tokens, of which Hapi will sell 480,000 tickets in three stages. 
The first stage: the HAI stage
The most valuable and exclusive way to enter this project for members of the Hacken community was through the HAI token. So the sale price of this token was $ 5 for the members of this community, and Hapi will sell 240,000 tickets at this stage. Of course, the initial sales phase is 10% of this amount and 10% per month.
Joining the HAI stage is easy. Just transfer the HAI (VIP180 VeChain) token from your wallet to the address stated in the sales details. The tickets will be transmitted to the same address on the Ethereum network. In the following. You will be given the necessary instructions on opening a wallet with the same address in the Ethereum network.
Second stage: the private stage
The private stage is held in the Ethereum network for strategic partners. So the price of each Hapi token at this stage is $ 7.5, in which 180,000 HAPI token are sold. The initial supply is 15% of the total amount, which becomes 10% per month. The minimum purchase amount is $ 50,000, and the maximum amount is $ 100,000.
Third stage: general stage
The general stage also takes place in the Ethereum network. The price of each Hapi token at this stage is $ 10, and Hapi will sell 60,000 tickets. The initial supply of this token is 20% of the total amount, which then turns into a monthly collection of 12%.
HAPI digital currency price
The HAPI digital currency joined the CoinMarketCap website on March 10, 2021, for $ 86. The token price rose to $ 120 the next day and finally reached a peak of $ 211.8 on March 21. Hapi also experienced rapid growth in early April 2021 but failed to record this peak. 
After the failed attempt of Hapi to record a new peak, this token has started a relatively gentle downward trend and is being traded-in various exchange offices in the market.
Concluding remarks
HAPI digital currency is one of the attractive and practical projects in Defi. Which significantly increases its security level by integrating with various products in this field. The DAO system and Hapi’s digital currency modularization bring SaaS into the Defi environment to prevent intrusion into the systems.
The growing need for projects and users to increase security and, consequently, confidence-building to attract more investors has given Hapi great potential to become a strong network for the decentralized economy industry.
