Hacken HAI/USD, a blockchain security-focused token, rallied by 50% in a week. The surge comes as the token leverages the ongoing trend of Real-World Asset (RWA) and tokenization.
What Happened: The blockchain auditing firm announced its foray into RWA tokenization, enabling HAI token holders to convert their utility tokens to equity tokens. This exchange grants them a direct equity stake in Hacken Enterprise.
At the time of writing, Hacken was trading at $0.078, with $1.2 million in trading volume over the past 24 hours. The token’s market capitalization stands at $50 million.
Hacken’s website discloses that 10% of the company’s ownership is set for a swap against 100 million HAI tokens, in tandem with an 87% reduction in the token supply. The offer is limited to 100 slots, with 1 million HAI required for one slot.
This comes amid optimism in the wider cryptocurrency market and Bitcoin’s BTC/USD price rally which shows no signs of…
