Platform Token

HashKey: Plans to launch the platform token HSK in Q3 this year, with community airdrop starting in late June

ChainCatcher news, HashKey Group announced on social media that the HashKey platform token HSK is planned to launch in the third quarter of 2024. HSK will be used in all core application scenarios of the HashKey ecosystem and will continuously expand external community co-construction. Before the token listing, HSK will initiate a community airdrop in late June to reward ecosystem participants.It is reported that HSK is based on the ERC-20 standard, with a total supply of 1 billion tokens, of which 65% is allocated for ecosystem development, 30% is distributed to the team, and 5% will serve as a reserve fund. HSK will have a burn mechanism to prevent the dilution of holders' rights due to the increased circulation of rewarded HSK. HashKey will extract up to 20% of profits from specific businesses for the repurchase of HSK, and a portion of the repurchased tokens will be burned.As HashKey's platform token, HSK will be applied in a wide range of scenarios, including community rewards within the ecosystem, exclusive token priority purchases, cross-platform ecosystem collaborations, and fee discounts and business growth activities at HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, and HashKey Global, a global flagship virtual asset exchange. Additionally, HSK will also be used to incentivize contributors to the L2 "ecological chain" HashKey Chain.
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