Hat Hunters, let us hop on an adventure to hunt for treasure, earn exciting USDC rewards, and farm Hats Points!
Note: This article has been updated on 25/6 with the latest version of the Hat Hunters Treasure Hunt.
The $HAT treasure vault is about to be unlocked soon, and only the worthy can get their hands on this legendary treasure.
A select group of Hat Hunters will receive unprecedented access and ownership of security in web3 — will you become one of them?
Recap
$HAT is set to be the official community-owned, governance token by Hats Finance. As a web3 security protocol, Hats Finance has long had the vision of involving the community in the world of security. Until now, the security landscape in web3 never truly involved the community, only serving protocols and other web3 institutions. Users should have a stake in understanding and contributing to the security best practices. Additionally, security services currently cater overwhelmingly to protocols and institutions, while individual security for users continues to be on the rise.
It’s time to bring the power of security to the people, and make sure that web3 security is for everyone.
Holding $HAT tokens creates alignment between the three main stakeholders Hats serves — the protocols, the researchers, and the community.
As part of the Hat Hunter community and $HAT HODLer, you will be able to enjoy a variety of utility including the currently planned ones:
- Having ownership in the Hats Finance DAO, and voting on key governance proposals to improve Hats Finance and the wider security industry.
- Gain access to personal web3 security tools and services (more details coming soon!)
Holding the $HAT token will give users unprecedented access and ownership in steering the future of the web3 cybersecurity landscape — what is not to love about $HAT?
How can I get $HAT? Is there an airdrop?
$HAT is currently not launched yet, but it will be very soon.
1M $HAT tokens (1% of the total $HAT supply) are currently stored in the Hats treasure vault, and the vault is about to be unlocked soon. These $HAT tokens form part of the second, community-driven airdrop incentives for new users who take part in this series of community engagement initiatives.
The team will be giving our aspiring Hat Hunters an opportunity to share the treasure by participating in our treasure hunt. Top Hat Hunters will be given more $HAT treasure once the vault opens. Become a top Hat Hunter by participating in more treasure hunts. It is as simple as that!
Everyone can participate in the Hats Treasure Hunt, not just retail or security researchers.
Joining the Hats Treasure Hunt
The Hats Treasure Hunt will be a multi-platform community engagement campaign held on Galxe, TaskOn, and Warpcast. Hat Hunters can complete hunts on these platforms to earn Hats points — which will help rank Hats Hunters and calculate their share of the $HAT airdrops. In addition to earning points for $HAT, we have allocated > 10,000 USDC of exciting rewards for our community campaigns. There are just so many ways to earn rewards as part of an active Hat Hunter.
The last day for collecting Hats Points will be some time in July. The snapshot will not be announced publicly and participation in the campaigns after the snapshot will not accrue Hats Points for airdrop. We encourage early participation in all ongoing campaigns to minimize the risk of missing the snapshot.
Here is a breakdown of the eligible quests and actions as part of the Hat Hunter Treasure Hunt:
Keep checking our page on each of these platforms to find out what the available quests are — some are live already, and some are not. Follow our TaskOn, Galxe, and Warpcast pages to stay updated when new treasure hunts drop!
Examples
Example 1:
At the end of the campaign, John accumulated 200 Hats points on Galxe, 200 points on Warpcast, and 100 Hats points on TaskOn. John in total has 500 hats points from all the platforms. Assume for this example, a total of 1M hats points was won by all users across all 3 platforms during the campaign.
John’s token allocation will be = (500/1,000,000) * 1,000,000 = 500 $HAT
Example 2:
Mary participated in the treasure hunt but only on Galxe and won 1,000 Hats points at the end of the campaign period. Assume in this case, a total of 1M hats points was also won by users across all 3 platforms during the campaign.
Mary’s token allocation = (1,000/1,000,000) * 1,000,000 = 1,000 $HAT
It’s that simple! Complete more treasure hunts, and win more Hats Points! More Hats Points = more $HAT tokens — it is just that easy.
Honoring our loyal supporters
If you have been with Hats since 2021 and beyond, we have not forgotten about you! We intend to uphold the airdrop commitments we made in 2022, plus maybe a little something extra to thank you for your loyalty. You may also participate in this airdrop round in addition to your original allocation — the more the merrier, right?
Frequently Asked Questions
Q1: Where can I see how many points I have collected?
A: Both Galxe and TaskOn offer their own leaderboards to show you the number of points you have collected. Unfortunately, the points collected from Warpcast will not be visible, but internally we have an API to track the actions made by each user. Remember to connect your EVM wallet to Warpcast so we can match your wallet address to your profile!
Q2: Is there a preference for one particular community platform? Must I use all three to be eligible?
A: As shown in the examples, there is no preference for a particular platform, and you need not participate in all three to be eligible for accruing Hats Points. However, as the steps are similar, why not do it all?
Q3: When will the airdrop happen?
A: The airdrop is scheduled to happen within 1 month of the end of the Treasure Hunt campaign — stay tuned for official updates! Follow us on Twitter to stay up to date.
Q4: I have a question, where do I go?
A: You may join our telegram channel here or join our discord to ask questions.
Q5: Can I just do the steps, but not participate in the campaign?
A: If you passively do the steps, such as following us on Twitter, without claiming participation on TasKOn or Galxe, you will NOT be able to accrue Hats Points for airdrop. You must complete the campaign on the TaskOn or Galxe campaign page to accrue Hats Points and get airdrop. Be warned!
Are you ready to begin the treasure hunt?
With less than 2 months to go and a plethora of exciting rewards, the Hat Hunter Treasure Hunt will be one of the most exciting community engagement initiatives by Hats Finance.
Note, that during this period, there may be an increase in bad actors pretending to represent Hats Finance. Please only trust official sources and not click on any links by any fake representatives of Hats, and remain SAFU!
Are you ready to become a part of the transformation of web3 security?
Check out and follow our community pages to stay up to date with Hats Finance and $HAT!
