HSK will start spot trading on multiple trading platforms on November 26
ChainCatcher message, HSK will officially launch spot trading on HashKey Global, KuCoin, Gate.io, BingX, and MEXC on November 26 at 10:00 (UTC).
HSK is the ecosystem token of HashKey Group, which can be used in a wide range of scenarios within the HashKey ecosystem, including trading fee discounts, exclusive token pre-purchase rights, and node validation rewards. As the native token and gas token of HashKey L2 public chain HashKey Chain, HSK holders will also enjoy governance and decision-making rights on HashKey Chain.
The total supply of HSK tokens is 1 billion, of which 65% is used to support medium to long-term ecosystem development, 30% is allocated to the team, and 5% is reserved as a reserve fund. During the initial token generation event (TGE), the circulating supply is set at 11%, totaling 110,000,000 tokens, with the remaining portion of the ecosystem pool being released linearly over 48 months after TGE.