Hinkal Protocol

Hinkal is a pioneering “stealth wallet” and multisig focused on the data privacy of its users. It allows users to conduct on-chain transactions in complete privacy, ensuring any public or counterparties data remains undisclosed when using the wallet across Ethereum, Optimism, Polygon, Avalanche, BNB Chain, Base, and Arbitrum.

In addition to its wallet and multisig, Hinkal protocol also offers its own software development kit (SDK) to allow other developers to integrate Hinkal’s framework within their dApps. This way, Web3 developers can execute transactions without disclosing sensitive data from the sender, the receiver, or both.

To achieve such a level of privacy, Hinkal implemented two core technologies within its wallet:

• zkSNARK: Used by Hinkal to send confidential transactions. Powered by Zero-Knowledge technology, it enables users to confirm the ownership of their wallet, and subsequently confirm transactions without revealing their identity. 
• Stealth Address: After each transaction, the platform generates a stealth address to confidentially return user overhead gas fees and slippage. This allows the protocol to not know the current wallet address of a user, making the entire dapp's interaction process completely private. 

Find more info on Hinkal technology in its docs.

Following the advancements towards making the entire blockchain industry completely private, the platform attracted some significant attention in the space and managed to achieve over $250M in trading volume in 2024, according to its claims on LinkedIn.  

🪙 Hinkal token: On April 15th, 2025, Hinkal crypto protocol launched presale of its native $HINK token. However, despite the launch of the sale, the clear token utility and the release of the potential Hinkal airdrop haven’t been released yet. 

Nevertheless, our team assumes, the $HINK will be used for powering the validation processes within the protocol via staking, as well as giving users access to the governance votings. 

Taking into account the current token sale and the upcoming launch of the token, we have also prepared for you a list of pros and cons of the project:

✅ Hinkal pros:

• Interesting concept and design of the project;
• Presence of security audit and bug bounty programs from the top tier companies;
• Above the average SMM, and PR scores;
• Decent network of investors;
• Binance and Stanford backed;
• Core team members are Stanford graduates, with one of them having work experience in the Bank of Georgia and the rest in EY.

❌ Hinkal cons:

• Relatively high FDV (near $100M);
• No info on IMC and token release schedule;
• Below the average SEO, Growth Marketing, Influencer marketing, and Marketing Infrastructure;
• Bad sale lockup terms (6 months cliff and then 6 months linear vesting)