Hanacoin: A Decentralized Digital Currency Designed for Mainstream Adoption.
The Hanacoin whitepaper was recently written and published by the Hanacoin core team, aiming to address current blockchain technology’s performance bottlenecks and user experience challenges in specific application scenarios, and to explore the future development direction of digital assets and decentralized finance (DeFi).
The theme of Hanacoin’s whitepaper is “Hanacoin: Empowering Decentralized Finance and Digital Assets with a Next-Generation Blockchain Protocol.” Hanacoin’s uniqueness lies in its innovative hybrid consensus mechanism and layered architecture, designed to achieve high throughput and low-latency transaction processing. The significance of Hanacoin is to provide more efficient and secure underlying infrastructure for the widespread adoption of decentralized applications (DApps) and digital assets, thereby promoting inclusive development of the digital economy.
Hanacoin’s original intention is to build a truly decentralized, efficient, and user-friendly platform for digital value exchange and applications. The core viewpoint presented in the Hanacoin whitepaper is: by combining sharding technology and cross-chain interoperability, it strikes a balance between decentralization, scalability, and security, enabling seamless digital asset transfer and flexible execution of smart contracts.
Hanacoin whitepaper summary
What is Hanacoin
Imagine how easy and fun it is when you play mobile games or scroll through social media. Now, what if that same easy and enjoyable experience could be brought to the complex world of cryptocurrency? That's exactly what Hana Network (HANA) aims to do. It's a brand new blockchain platform, like a “digital playground” designed for everyday people, with the goal of making it as simple to access and use crypto as playing a game or scrolling through TikTok.
It's like a “magic bridge” (Hana Gateway) connecting traditional bank accounts and the crypto world, allowing you to easily convert money from your bank into digital currency, or vice versa, without needing to go through those complicated centralized exchanges. On this platform, you can also tip friends (like sending red envelopes), play mini-games, and even earn rewards by participating in community activities. Its core target users are those who find crypto too difficult or complex, or are dissatisfied with existing financial services.
Project Vision and Value Proposition
Hana Network’s vision is to build an era of “Web4”—sounds futuristic, right? Simply put, if Web3 emphasizes decentralization, then Web4 builds on that by focusing more on “seamless interaction, intuitive mobile experience, and lightning-fast real-time features.” It hopes to fundamentally change how we use crypto through a concept called “Hyper Casual Finance.”
It aims to solve several core problems:
- Crypto is too complex: Many people find crypto hard to access and operate. Hana Network is like a “point-and-shoot camera,” hiding the complex technology behind the scenes so you can just use it easily.
- Lack of interaction and fun: Traditional financial platforms are often dull. Hana Network introduces games, social interaction, and reward mechanisms to make using crypto as fun as playing games, attracting more people to participate.
- Insufficient financial inclusion: Many people without technical backgrounds or access to advanced financial tools are left out. Hana Network connects fiat and crypto, enabling more people to participate in digital finance.
- Poor interoperability between blockchains: The current blockchain world is like many independent countries with poor communication. Hana Network acts as a “universal translator” and “secret tunnel,” allowing different blockchains (like Ethereum, Bitcoin, etc.) to securely and privately transfer information and assets between each other.
What sets it apart is that it's not just a technology platform, but an ecosystem focused on user experience and social interaction, hoping to drive crypto adoption through “gamification” and “social incentives.”
Technical Features
Hana Network is like a robust “digital city,” with a very advanced foundation and framework:
Blockchain Type and Architecture
It's a Layer-1 blockchain, meaning it has its own independent highway rather than running on someone else's. It uses the Cosmos SDK, which is like a Lego kit that lets developers quickly build their own blockchains and connect with other blockchains built with Lego blocks.
Consensus Mechanism
It adopts the Tendermint consensus mechanism, which is like an efficient voting system ensuring all participants agree on transaction records, with high speed and security.
Core Technologies
- Privacy-first cross-chain capability: Like a secret tunnel, allowing different blockchains to securely transfer information and assets while protecting privacy.
- Threshold Signature Schemes (TSS): Imagine a multi-signature safe that requires several keys to open, making digital asset management and cross-chain connections more secure.
- Zero-Knowledge Proof (ZK-powered privacy): Like a magician who can prove something is true without revealing any specific information, protecting users’ transaction privacy.
- Chain Abstraction: Like a smartphone operating system, you don’t need to know how the circuits work inside to use various apps easily, letting users ignore the complexity of the underlying blockchain.
Tokenomics
The core of Hana Network is its native token HANA. You can think of it as the game token or membership card in this “digital playground,” playing an important role throughout the ecosystem.
Token Basics
The token symbol is HANA. The total supply is 1 billion.
Token Utility
- Staking: You can “lock up” HANA tokens to help maintain the network’s security and stability, and in return, you’ll earn more HANA tokens as rewards. It’s like depositing money in a bank to earn interest.
- Payments within the ecosystem: HANA is the universal currency on the platform, used for payments in various apps and services.
- Social tipping: You can use HANA tokens to tip friends for peer-to-peer financial interactions.
- Games and rewards: HANA tokens can be awarded in games and activities on the platform.
- Airdrop rewards: In the future, HANA tokens may be distributed to community participants via airdrops.
Token Distribution and Unlocking
HANA token distribution is very community-focused, with 51% allocated to the community. In the whitelist sale in April 2025, 5% of tokens (i.e., 50 million HANA) were sold and fully unlocked at the Token Generation Event (TGE, which means the token is officially issued and starts circulating). Team and investor tokens will not unlock for at least four months after TGE, helping prevent early sell-offs and protect market stability.
Team, Governance, and Funding
Core Team
Hana Network’s founder is Kohei Hanasaka. The team consists of blockchain and fintech experts with extensive experience in decentralized finance (DeFi), social media integration, and user experience design.
Team Characteristics
This team is highly focused on user experience, dedicated to making crypto more user-friendly, social, and seamlessly integrated with mainstream social media platforms.
Funding and Support
The project has strong financial backing, having successfully raised $6 million from well-known investors such as OrangeDAO, Alliance DAO, and SushiSwap. It is also incubated by ChainGPT Labs and YZi Labs. Additional information shows the project has raised a total of $9 million and was selected for Binance Labs incubation. This demonstrates recognition and support from key industry players.
Roadmap
Hana Network’s development is like a carefully planned journey, having passed several key milestones and with a clear plan for the future:
Historical Milestones
- 2023: Selected for Binance Labs incubation.
- January 2024: Launched Hana Gateway, a trustless fiat-to-crypto on/off ramp.
- October 23, 2024: Announced phase one of mainnet launch, where users can collect cards and earn points for potential airdrop eligibility.
- April 2025: Whitelist sale.
- September 26, 2025: Token Generation Event (TGE) and token listing.
- Launched Hanafuda (an educational card game), NFT capsule store, mobile optimization, and integrated with OKX Wallet and mainstream Web2 platforms like Twitter, Telegram, Discord, and TikTok.
Future Plans
The project is rolling out in phases, with details of phases two to four not yet fully announced, but it’s expected to continue expanding its ecosystem and driving widespread crypto adoption.
Common Risk Reminders
Every blockchain project comes with risks, and Hana Network is no exception. It’s important to understand these risks before considering any involvement:
Technical and Security Risks
- New technology risk: As a new Layer-1 blockchain, it may face unknown technical challenges or vulnerabilities.
- Cross-chain bridge security: Bridges connecting different blockchains have historically been targets for hackers. Whether Hana Network’s TSS and privacy features can withstand attacks is crucial.
- Security audit: According to current information, the project has not yet undergone a security audit. This means its smart contracts and underlying code may have undiscovered vulnerabilities, which is a very important risk factor.
Economic Risks
- Market volatility: Crypto prices are highly volatile, and HANA’s price may fluctuate significantly.
- Intense competition: The blockchain space is highly competitive, and Hana Network needs to stand out among many Layer-1 projects and Web3/Web4 concepts.
- User adoption: The project’s success largely depends on whether its “Hyper Casual Finance” concept and ecosystem products can achieve mass adoption.
Compliance and Operational Risks
- Regulatory uncertainty: Global crypto regulations are still evolving, and future policy changes may impact the project.
- Team execution: Success depends on whether the team can execute the roadmap as planned and continue to innovate.
Due Diligence Checklist
If you want to research this project further, here are some links and information you can check:
- Blockchain Explorer: You can view on-chain transactions and data at explorer.hanacoin.com.
- GitHub Activity: Check the activity of its code repository to understand development progress.
- Official Website: Visit the project’s official website for the latest information.
- Whitepaper: Although we mainly rely on aggregated information, if you can find the official detailed whitepaper, be sure to read it carefully.
- Security Audit Report: Since it hasn’t been audited yet, if an audit report is released in the future, be sure to review it thoroughly.
- Community Channels: Follow its official accounts on X (Twitter), Medium, Telegram, Discord, etc., to keep up with community discussions and the latest updates.
Project Summary
In summary, Hana Network (HANA) is an ambitious “new” blockchain project that aims to make crypto more accessible, fun, and social through the concepts of “Hyper Casual Finance” and “Web4.” It’s built on advanced technology like Cosmos SDK and is dedicated to solving pain points in the crypto world such as complex user experience and poor interoperability. The project has received solid early investment and incubation support, and already has some real products and milestones.
However, as an emerging project, it also faces technical, market, and regulatory risks, especially the fact that it has not yet undergone a security audit, which deserves close attention. For anyone interested in Hana Network, I strongly recommend you do your own in-depth research (DYOR - Do Your Own Research), carefully assess all information and risks, and remember, this is absolutely not investment advice.
For more details, please research on your own.