Hackless x Satoshi Club AMA Recap from the 17th of March

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Hackless and our guest was . The AMA took place on the 17th of March

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Robocop | Satoshi Club

Hello Satoshi Club community ! We are pleased to announce today AMA with Hackless

Robocop | Satoshi Club

Today our special guests is @serhio_hackless

Jonah 🏅🎹 | Satoshi Club

Hello @serhio_hackless welcome to Satoshi club

Serhio Hackless

Hi guys! Thanks for your invitation at AMA session. It’s great to be here today

Robocop | Satoshi Club

Welcome to Satoshi Club ! @serhio_hackless

Jonah 🏅🎹 | Satoshi Club

We are glad to have you here

How are you doing today?

Serhio Hackless

Well, pretty good! Hope you are doing well as well:)

Robocop | Satoshi Club

Yes we are great ! and so excited to do AMA with Hackless

Jonah 🏅🎹 | Satoshi Club

Doing very fine

Let’s start our AMA

Jonah 🏅🎹 | Satoshi Club

Can you please introduce yourself to us, how you got into crypto and how Hackless started?

Serhio Hackless

Sure! My name is Serhii Androsiuk, I’m the CEO and Co-founder of Hackless – a multi-service security platform for DeFi protocols. I’ve been in crypto since 2016. Blockchain and DeFi enthusiast with 4+ years of experience in crypto growing different blockchain startups. Formerly, a legal advisor in the banking sector, with over 10 years of experience with leading banks in the industry

Jonah 🏅🎹 | Satoshi Club

How many people do you currently have working on this project?

Serhio Hackless

The origin story of Hackless is actually something we are extremely proud of. We were observing the industry and multiple attacks for a while and came up with the idea of a platform that would enable the ongoing protection of the DeFi protocol starting from the infrastructure layer of the blockchain. This concept gained support from the community, which helped us win the ETH Lisbon Hackathon with the Rektless concept in October. Now we are expanding the idea even further with the Hackless

Robocop | Satoshi Club

Thats great background and experience ! Thank you for the great introduction

Serhio Hackless

For now we have more than 15 members in our team – developers, researchers, marketing and so on. And we are not planning to stop growing!

Jonah 🏅🎹 | Satoshi Club

Impressive

Can you tell us what Hackless is all about?

Robocop | Satoshi Club

Do your team anonymous ?

Serhio Hackless

Absolutely not! Here you can actually get more info about each member of our team :

https://hackless.io/#team

Robocop | Satoshi Club

Thank you for sharing this

Serhio Hackless

Hackless is a multi-service security platform for DeFi protocols. As there are more and more hacks taking place lately, we’ve created Hackless to help other projects to protect their system, warn in advance about some potential attacks, and mitigate losses in case a protocol is already under attack

Jonah 🏅🎹 | Satoshi Club

This is an Exciting Idea

Serhio Hackless

The Hackless platform is a comprehensive solution that unites several services. For instance, SafeMigrate enables secure funds migration from the protocol under attack and helps to pause a protocol in case of suspicious activity. Watchdog helps to detect suspicious activity and potential threats via real-time monitoring and analytics. And Conductor is a private mining service that allows the owner of the protocol to take countermeasures against the attacker that they won’t be able to detect. Also, we will offer an invividual subscription for those who wish to enhance security of their stkes on third-party protocols

Jonah 🏅🎹 | Satoshi Club

Thank  you for the great introduction

Robocop | Satoshi Club

Thank you. We have collected 6 community questions from Satoshi Club community,

ready to proceed?

Serhio Hackless

Additionally, we plan on sharing our knowledge and experience on in-house development of smart contracts and cooperation with audit teams in the HacklessLib. We hope this Solidity library will come in handy to those who are not ready to use the Hackless platform yet as our main goal is to make DeFi space safe for users and developers

Sure! But, I suppose that some of my answers will be quite compex, so when I finish answering, I will write «Done». In order not to mess with messages

Serhio Hackless

If you don’t mind

Robocop | Satoshi Club

Sure no problem

Robocop | Satoshi Club

Q1 from Telegram user @captainprice111

I understood that Hackless is a multi-service security platform for DeFi protocols, so I understood that Hackless can take pre-attack action for a project, but how can Hackless enable an attacked protocol to stop or mitigate its losses? If you have solutions that can make today’s DeFi market safe and transparent for Investors and Developers, would you share them with us? How many different solutions or products does Hackless currently offer to people, can you tell us about Hackless products in simple sentences? For example, does Hackless have a mining solution?

Gold Rocket | Satoshi Club

@elevenofs welcome to Satoshi club 🇺🇦

Robocop | Satoshi Club

Welcome to Satoshi Club @elevenofs

Anastasiia M-Lorentzen

Hello everyone! My name is Anastasiia and I am from Hackless marketing team . I will be helping @serhio_hackless to answer some of the questions today – woohoo!

Jonah 🏅🎹 | Satoshi Club

You are Welcome

Anastasiia M-Lorentzen

Will you take the first one, @serhio_hackless?

Serhio Hackless

Guys, welcome our Leading marketing expert Anastasiia @elevenofs.

She’s responsible of our main go-to-market strategy, PR, community raise, partnerships & collaborations and all the main activities

Serhio Hackless

Sorry, didn’t have time to introduce you properly

You’re right. So, to stop hack activity on the smart contract the transaction can be sent just in the moment when the fraud transaction is detected. Since the platform services review transactions directly in mempool, we are able to analyze transactions before they are included into the block, so we can send out countermeasures even before the execution of the malicious transaction

Also, since the analysis is ongoing – we can detect early transactions of the hacker directed to check the defence – so even before the hack. With the Watchdog we will have already pause transaction for protocol, which is protected by Hackless, so, basically, as soon as we see the suspicious activity it could be automatically paused within seconds.

Our platform is designed to solve acute security issues that the entire DeFi world is facing since the very beginning. And of course as the technologies progress, hackers will find new ways to attack DeFi protocols. This is the exact reason why we are creating the Hackless platform

Jonah 🏅🎹 | Satoshi Club

What exactly about this transactions do you review in the mempool?

Serhio Hackless

The main service that will help us detect suspicious activity is Watchdog. It will monitor the protocol and all transactions and find potential vulnerabilities and threats, even if they were earlier unknown. Overall, the Watchdog boasts a number of components that provide a comprehensive analysis of the protocol security:

Mancer — a security analysis module powered by machine learning algorithms;

Guardian — an alert system with a call-back to DeFi protocol in case of a malicious transaction;

Warehouse — an advanced analytics system to process all collected data

Anastasiia M-Lorentzen

Wow, that’s an impressive answer @serhio_hackless .Love working along with the experts in their field

Serhio Hackless

Using a number of patterns, we will determine the degree of suspicion of a transaction

Jonah 🏅🎹 | Satoshi Club

Very comprehensive answers

Robocop | Satoshi Club

Impressive ! It’s like having all-in-one security platform for DeFi protocol

Serhio Hackless

And of course the process of determining and development of these patterns is ongoing process

Serhio Hackless

Yep, it’s our main goal – to create such a platform for protection of different crypto protocols, not only DeFi

Anastasiia M-Lorentzen

Queeeeestion 2, where are you?  I am ready!

Serhio Hackless

Oh, sorry. Done

Robocop | Satoshi Club

Thank you for the detail answer, are you ready for next question?

Serhio Hackless

Broke my own rule, haha

Robocop | Satoshi Club

Q2 from Telegram user @Cheriemike

Looking at your roadmap,Hackless is supposed to have its IDO/IEO at Q1 2022.But you haven’t made any announcement yet about that,and we are to enter the last phase of Quarter 1.So have you fixed a date for both event?Are they to happen the same day?Can you tell us where the IDO will take place,at what price can users get the $HKLS token,and which exchange will oversee the token sale,will KYC be necessary and also when to be whitelisted?Please kindly provide the necessary information to both your IDO and IEO.Thanks

Jonah 🏅🎹 | Satoshi Club

No problem

Anastasiia M-Lorentzen

Yes . Will do this one!

Well, first of all, Q1 2022 is not finished yet, haha

Secondly, due to the ongoing situation in Ukraine where most of the team is currently based and the market conditions we can consider rescheduling the IDO date. Safety of our employees is definitely our priority number one

And to asnwer your question, in this case, I’d like to offer you to subscribe to our announcement channel (https://t.me/hacklessAnn) and receive all the updates on your own . Right now we’re hosting a meme contest so you have a great chance to win a valuable prize! Also, even if you’re not participating, it’s a great share of fun to watch how the other people express their humor

We’re having a great fun of looking through them with our team :)) Even in the toughest moment, our community knows how to lift up the mood

Gold Rocket | Satoshi Club

Take care of yourself and your loved ones guys!🇺🇦

Anastasiia M-Lorentzen

Thank youuuuu 🇺🇦

Robocop | Satoshi Club

Hope all the team and other safe there!

By the way, can you share the roadmap from Hackless with us ?

Serhio Hackless

Thanks! Safety of our team members and their families is our priority goal for now

Anastasiia M-Lorentzen

YES! one sec

Serhio Hackless

https://hackless.io/roadmap

Jonah 🏅🎹 | Satoshi Club

Thank you for sharing this

Robocop | Satoshi Club

Thank you for the detail answer, let’s continue to 3rd question?

Jonah 🏅🎹 | Satoshi Club

Thank you for your answers

Anastasiia M-Lorentzen

let’s do it

Robocop | Satoshi Club

Q3 from Telegram user @victorogb

From available whitepaper information, I observed that the Hackless roadmap shows a detailed infographics on project achievements, development and plans from the periods of late Q4 2021 to Q2 2023. From this, its noted that there is a V1 DAO development underway with an expected launch planned for Q2 2022. Being conversant with the functions of a typical DAO, can you briefly explain the unique obligations and privileges your DAO will provide, and what about the Watchdog V1 which is planned for early Q2 release, what should we anticipate? Finally since Hackless will make notable improvements to its Subscription & Staking programs with necessary expansions, can you update us on the features and rewards that awaits subscribers and investors?

Anastasiia M-Lorentzen

@serhio_hackless should we take turns?  will you take this one?

Serhio Hackless

Yep!

In our marketing efforts, we will target all key players of the DeFi industry: protocol owners, users and participants of the protocol and of course investors. For our clients – both protocols owners and their participants – the token will have a utility function. It will provide the access to our services

For investors and just token holders there will be a DAO pool. They can decide the ways of usage of the funds from that pool, in order to bring maximum benefit to the project. And of course, we will have a staking protocol for our tokens. At the launch of Hackless, users will be able to secure their stakes on third party protocols by staking HKLS and providing sign to claim their stakes on third party protocol. This is a core feature so far, so it will be released firstly. In opinion of our team, we would rather charge success fee then subscription which will be more user friendly

Jonah 🏅🎹 | Satoshi Club

How will the DAO pool be funded?

Serhio Hackless

Also, there will be farming options and incentivization from our partners during long period of Hackless lifetime.

Also the HKLS token will be used as an internal asset to access the platform’s core features. Here’s a short list of the token utility:

– Subscription system for Hackless services

– Tiers of access for different services offering more flexibility in the choice of protection

– Private mining services

– DAO

– Decentralized Security Consul Stake

Serhio Hackless

Tokens for DAO pool are already allocated from the total supply of HKLS token

Or what did you mean?

Jonah 🏅🎹 | Satoshi Club

Yes you’ve answered it

Serhio Hackless

Got it

Jonah 🏅🎹 | Satoshi Club

What was the percent allocated?

Serhio Hackless

And about Watchdog. As I previously mentioned Watchdog is a monitoring service to analyse incoming transactions, detect suspicious activity and provide efficient monitoring directly in mempools. As you know, we already released MVP of our product which is most useful for DeFi protocols at the current moment. We have first success case with Vaiot

Jonah 🏅🎹 | Satoshi Club

Exciting

Anastasiia M-Lorentzen

uuuuu let me check!

Serhio Hackless

About 10% of the total supply, if I’m not mistaken. But this pool will be refunded from the tokens, which we charge as a fee for our services

Jonah 🏅🎹 | Satoshi Club

Awesome

Robocop | Satoshi Club

Thank you for the detail answer, are you ready for next question?

Jonah 🏅🎹 | Satoshi Club

Thank you for your Answers

Anastasiia M-Lorentzen

Always ready

Serhio Hackless

Of course! Lets go

Robocop | Satoshi Club

Q4 From Telegram User @iceVermithraxx

The Hackless Platform maintain its own utility token, $HKLS and I noted that users will need to hold the $HKLS token to be able to fully access core features of Hackless Platform. How and where can users acquire the $HKLS token inorder to access full features of the Hackless platform? What are some other utilities of the $HKLS token aside accessing some core features in Hackless ecosystem? I also noticed that there is a special kind of insurance deposit for users who stake $HKLS token, can you share about this special insurance deposit and how it works? What are the advantages of Insurance deposit to users who stake $HKLS token? Lastly, can you share on other incentives, benefits which users can get from staking $HKLS token?

Anastasiia M-Lorentzen

will take this one

Robocop | Satoshi Club

Already half covered, but i believe there are some that you can add here

Anastasiia M-Lorentzen

As mentioned previously, you will be able to first purchase tokens during the IDO round which is coming very soon!

Serhio Hackless

Sure, take the floor

Anastasiia M-Lorentzen

Actually, you can sign up for all the token-related news on our website by pressing STAKE SAFE $HKLS button and be the first one to know where and how to purchase it. If you don’t know where to find it, check our latest post on the announcement page

In terms of the token utility, you can do a lot of things too! For instance, subscription to the Hackless services, tiers for access, private mining services, DAO, Decentralized Security Council Stake, insurance deposit & so much more!

The sky is the limit haha

Wow, it is actually a large question, I will try to answer the rest of it ASAP

In terms of the security deposit you’re asking about, it is a special kind of security insurance deposit for users, which allows users to stake $HKLS tokens in order to secure funds deposited in a DeFi protocol

Let me give you an example

For instance, a user provides a signed transaction   for the secure migration of deposited funds and HKLS insurance deposit. Subsequently, the user gets a custom instance of the Watchdog service, which searches for unusual activity on the target protocol on an individual basis for the user.

Anastasiia M-Lorentzen

As soon as the suspicious activity is detected . the Hackless platform migrates user’s funds to their reserve address through the SafeMigrate service

The user gets individual Watchdog instance with safe funds migrations for any kind of DeFi service in exchange for the insurance deposit of HKLS tokens (which are burnt in case of usage)  Voilá!

Jonah 🏅🎹 | Satoshi Club

Well Explained

Robocop | Satoshi Club

I believe @iceVermithraxx already satisfied with this detail answer, Thank you Anastasiia

Jonah 🏅🎹 | Satoshi Club

Yes it was well detailed indeed

Thank you for your answers

Ready for the next question now?

Serhio Hackless

If there are still any questions left – please, join our TG group. Our admins will answer all the questions about Hackless

https://t.me/hackless_io

Serhio Hackless

Sure

Robocop | Satoshi Club

Q5 From Telegram User @Rotoxy

I understand you have a private mining provider pool which you call Conductor. I will like you to explain what private mining involves and how users participate in your private mining pool? How does private mining differs from general farming or staking mining and how does it makes it difficult for hack to occur or for hackers to detect countermeasures that the pool is using against exploit? Also, you said that private transactions are charged in your platform token. Since your private mining services are EVM compatible and each blockchain charges fees in their native coin, how will transaction be processed using your own token when every chain receive transaction fees in their respective native coins?

Serhio Hackless

I’ll take this one

Anastasiia M-Lorentzen

Wow . I love how attentive your community is. Great questions guys – thank you

Serhio Hackless

Well, it seems that @Rotoxy messed a little with our Conductor service. Conductor provides transactions to the private mining pool in order to ensure that the attacker will not be able to detect countermeasures directed against the exploit. This feature will be expanded in the future to include other EVM-based networks such as Polygon, BSC, Fantom, Avalanche, etc.

It means that we have connections with different minig pools, that are able to privately mint transactions, so the transactions, which are sent by Conductor, won’t go to the mempool, but wil go directly to miners. Currently we work with Marlin (Polygon), Direct Node (BSC), Bloxroute (ETH). In ETH network we cover over 80% of hashrate, but our goal – 100%. This ensures that our private transactions are minted fast, and accurate, and no third party (hacker, or protocol exploiter) can put their transactions between ours

Serhio Hackless

We are using MEV in order to isolate “harmful” transactions and put “healthy” transaction before it.

Example 1: You put $10,000 to Cream Finance and want to be protected. So, you come to Hackless, provide sign to claim your stake from Cream to your wallet and stake some HKLS token. Hackless will simulate and analyze transactions from mempool. If harmful transaction will appear in mempool, claim transaction will be executed before hack using private miners

Jonah 🏅🎹 | Satoshi Club

I’m impressed with how all your details are well thought out

Serhio Hackless

Example 2: Same with liquidity pools. You might put liquidity to Uniswap and put LP tokens to some farm. Eventually, owner of a protocol or some user might put out liquidity and start selling his tokens to your liquidity, so you will have 0 stables and tons of shitcoins at the end. Hackless can track when significant amount of liquidity will be taken out and take out your liquidity even before that

Jonah 🏅🎹 | Satoshi Club

Excellent

Serhio Hackless

As you highlighted, miners takes fees in native token. We will charge both native tokens or HKLS from the beginning. We are creating a sustainable economic model of fees, as well as discussing gas coverage in HKLS tokens for private miners. Moreover, we partnered with Peanut Trade, and will use their Feeno solution. It helps sending transactions in different networks without charging fees in native network tokens – for this are used tokens, which are transferred

Robocop | Satoshi Club

Thank you for the clarification, this is very clear answer with good example

Jonah 🏅🎹 | Satoshi Club

Thank you for your Superb answers

Ready for the last question of this part now?

Robocop | Satoshi Club

Shall we go to the last question from part 1 ?

Anastasiia M-Lorentzen

yup

Serhio Hackless

Thanks! With examples it is always clearer

Robocop | Satoshi Club

Q6 From Telegram User @thisistoyin

As i was going through Your announcement & SOCIAL Media channels, I noticed that Hackless conducted a Meme Contest on Twitter Days back which i also Participated, but i was unable to see the winners list being announced, please is there a reason for these? When are we to expect the list of winners? And would there also be Upcoming events Sponsored by Hackless to keep your Community Engaged in the future? Lastly Also i noticed an Announcement which stated that HACKLESS have collaborated with yet another incredible project – PureFi, a decentralized protocol that provides compliance tools. Please i would like to the main Aim and reason for these Partnership, how does these Partnership befits your platform and its users? Is there other plans to further partner with more Projects in future?

Serhio Hackless

I’m sure that @elevenofs will be glad to tell about partnership with PureFi

Anastasiia M-Lorentzen

Yes, of course! The meme contest was an amazing experience that we had however, we weren’t able to conduct any results due to the war in Ukraine and some of our team members being absent on friday when we usually pick the winner! However, inside the team we have agreed to conduct another one and pick more winners this time that will include both people from the previous contest run + the current one!

Our plan was to first announce all the winners and then explain that the reason there were more was because we’re including people from the previous one too . Anyways, hope now it is clear and good luck to you @thisistoyin  let’s see how well you did on Friday!

Jonah 🏅🎹 | Satoshi Club

Great opportunity

Anastasiia M-Lorentzen

In terms of the rest of the question.. I’m typing, haha!

PureFi is one of our close partner companies . Сollaboration with PureFi is aimed at enhancing security standards in smart contract monitoring . It implies strengthening the Watchdog services by adding a smart contract monitoring tool related to the proof of source of funds and its AML risk-score. Naturally, all users of the Hackless Watchdog service will be granted access to a PureFi sourced score of AML risk. This score gives an understanding of the origin of funds circulating in a specific protocol and, thus — its credibility.

That’s on the tech side of it. As for the rest of collaboration, we’ll also have join cross-marketing activities like this AMA session and other contest where people can win a cash reward too! Together we work on improving the overal security of the DeFi industry

Jonah 🏅🎹 | Satoshi Club

This is a very startegic and important partnership

Anastasiia M-Lorentzen

We’re absolutely excited to work with PureFi due to their unique experience . The PureFi team was the first one to create a full-fledged compliance protocol that helps mitigate risks and protects users worldwide . Their smart contract monitoring practices are top-notch and we are thrilled to adopt them into our protocol

And of course we won’t stop on the partnerships we are already in. There is definitely more to come!

Jonah 🏅🎹 | Satoshi Club

Thank you for providing us with a well detailed response

Robocop | Satoshi Club

Thank you for the detail answer! @elevenofs and @serhio_hackless it has been an amazing time in this first part of the Hackless AMA

Anastasiia M-Lorentzen

likewise! Thank you too!

Jonah 🏅🎹 | Satoshi Club

We will now like to proceed to the second part of our AMA

Where our users will ask you their questions directly

Robocop | Satoshi Club

Before we open the chat, can you please share the important link or social media

from Hackless?

Serhio Hackless

Get the latest NEWS and follow us:

Medium: https://medium.com/hackless (https://medium.com/@rewater.metaverse/big-water-booom-657668f764ec)

Website: https://hackless.io

Twitter: https://twitter.com/hackless_io

Telegram Announcement: https://t.me/hacklessAnn

 Telegram Group: https://t.me/hackless_io

Jonah 🏅🎹 | Satoshi Club

Thank you for sharing, Chat will be opened for 120 seconds

Opening Chat now

Part 2 — live questions from the Telegram community

Q1 from Telegram user @gollumsgems

Are you a global or local project? Have you ever thought to build local community chats who don’t understand english?? What are Hackless marketing priorites and regions??

Anastasiia M-Lorentzen

We’re a local team of global thinkers if that makes sense . We’re running our main channels in English only for now but we definitely have plans to expand our chats and diversify the languages we’re communicating in maybe soon we will let our community choose which languages they would like us to add

Q2 from Telegram user @Ajpaa

Recently I noticed a STAKE SAFE button on the website, so what are the use of that feature? If it is for staking, can you provide us with details about that?

Anastasiia M-Lorentzen

Yes! I briefly mentioned it today before. SO, the use case of this button until now is to go up, leave your email and receive all the token related news. After the IDO by pressing on this button, you will get the chance to be directly send to the place where you could stake $HKLS tokens

Q3 from Telegram user @lucasbravo1

Which chain will Hackless run on? Why you love this chain? Do you have plans for more chains in the future? If yes, Can you name which chain you will run in the future?

Serhio Hackless

Ethereum and Binance Smart Chain on start – all others EVM-compatible are in the roadmap. Will be included once the complete service will be available on ERC-20 and BEP-20

Q4 from Telegram user @Sakshamalhotra

As We know that There is no limits I terms of Providing Secuirty , So Have You Planned to Expand Your Hackless Platform , So that Lot of Producta are Included and More people Can join it ?

Anastasiia M-Lorentzen

We have a large variety of products to ensure your security and security of the platform already

For instance:

SafeMigrate – a service enabling secure migration of funds from a protocol under attack.

Watchdog – a monitoring service that helps the project team analyse incoming transactions and detect suspicious activity by sending timely alerts.

Conductor – a private mining provider that ensures an attacker is unable to detect the countermeasures taken by the owner of the protocol and the Hackless platform.

HacklessLib – a Solidity security library to share the knowledge and experience of Hackless experts with the community in collaboration with our partners.

Stake Warden – an individual user subscription that helps protect assets on third-party DeFi protocols.

If you have any preferances, let us know what else you’d like us to include! drop a question in the group chat and we will answer is asap

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/hackless_io
Medium –https://medium.com/hackless
WebSite – https://hackless.io/
Twitter-https://twitter.com/hackless_io

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