December 5, 2024 - HashKey Global Announces Partnership with DePIN (Decentralized Physical Infrastructure Network) Modular Infrastructure Platform IoTeX

HashKey Global has announced a partnership with IoTeX, a modular infrastructure platform for DePIN, to become a Web3 partner aimed at jointly promoting the rapid development of the decentralized physical infrastructure network (DePIN) ecosystem. In this collaboration, HashKey Global will support the listing of IoTeX's on-chain ecological projects, helping DePIN projects to enter the market faster and initiate a positive growth cycle. Additionally, both parties will jointly hold a LaunchPool event to provide efficient financing and marketing channels for new projects within the IoTeX ecosystem.

IoTeX is the world's leading DePIN modular ecological platform, the only DePIN infrastructure platform compatible with major public chains, providing full-cycle services for various DePIN projects, from infrastructure to governance tools. IoTeX tracks real-time data on DePIN projects covering an ecosystem worth $28 billion through its data aggregation platform DePINScan, including token market capitalization, transaction information, connected devices, and hot news. Its innovative technical architecture, which includes an EVM-compatible L1 blockchain, off-chain computing middleware, and open hardware, builds a bridge connecting real-world data with blockchain, facilitating the transformation of personal devices into shared economic assets and realizing the monetization of "data of everything." The global team at IoTeX consists of over 60 research scientists and engineers, supporting billions of smart devices, sensors, and dApps.

HashKey Global is the flagship global virtual asset trading platform under HashKey Group, focusing on providing licensed and compliant virtual asset trading services to users worldwide. Holding a comprehensive license issued by the Bermuda Monetary Authority (BMA), the platform offers various services, including LaunchPool, contracts, and leveraged trading, and is trusted by users for its security, stability, and rich asset offerings.

HashKey Global will officially launch the 13th phase of Launchpool, IoTeX (IOTX), on December 4, 2024, at 16:00 (UTC+8). Users can stake HSK or IOTX to participate in the distribution of the 3,300,000 IOTX reward pool. Staking rewards will be calculated starting from December 5, 17:00 (UTC+8), and the event will last for 3 days. Additionally, IOTX/USDT spot trading will commence on December 5, 17:00 (UTC+8), and the deposit and withdrawal services for IOTX will be available on December 4 and December 6, respectively, providing users with a convenient trading experience.

This event also introduces invitation incentives and deposit rewards mechanisms. Successfully inviting friends to participate in Launchpool can earn a share of the 90,000 IOTX reward pool, with 300 IOTX awarded for each successful invitation. Furthermore, new users who deposit IOTX during the event and whose first deposit reaches ≥ 50 USDT equivalent can participate in the distribution of 20,000 HSK reward pool, limited to the first 2,000 participants, with rewards available on a first-come, first-served basis.

HashKey Global's Managing Director Ben El-Baz stated:

"We are confident in the potential of the DePIN sector. IoTeX, as a leader in the field, has impressive technology and ecological layout. Through this collaboration, HashKey Global will provide global market resources and support for DePIN projects, further driving innovation and growth in this area."

IoTeX CEO and Co-founder Raullen Chai stated:

This strategic cooperation marks a deep integration of technology and resources between HashKey Global and IoTeX, as well as a joint commitment to the future development of the DePIN sector. Both parties look forward to using this collaboration as a starting point to jointly bring more innovative application scenarios to global users and promote the popularization and development of decentralized IoT technology.

About HashKey Global

HashKey Global is the flagship global virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license for the digital asset investor protection system issued by the Bermuda Monetary Authority (BMA), offering mainstream trading and service products such as LaunchPool, contracts, and leverage.

About IoTeX:

IoTeX is the world's largest DePIN and AI modular infrastructure platform, building a bridge between smart devices, real data, and blockchain. IoTeX's data aggregation platform DePINScan provides real-time data on DePIN projects, including token market capitalization, transactions, connected devices, network revenue, and hot news, covering a $28 billion DePIN ecosystem. As a leading provider of DePIN physical infrastructure, IoTeX facilitates new allocation methods brought by device machines and on-chain/off-chain data assets for users, transforming personal devices into shared economies and realizing the tokenization of "data of everything."

IoTeX has a global team of over 60 research scientists and engineers, combining its EVM-compatible L1 blockchain, off-chain computing middleware, and open hardware to connect billions of smart devices, sensors, and dApps, bridging the physical and digital worlds.

In the first half of 2024, IoTeX secured $50 million in single-token financing, the largest in the DePIN field, and its token has been listed for trading on major crypto exchanges, including Binance, Coinbase, and Upbit.