HashKey Announces Upcoming Airdrop and Public Listing of HSK Token

HashKey Group, a leading end-to-end digital asset financial services group in Asia, announced the upcoming community public launch and listing of its new native token, HSK, to be launched in Q3 2024.

The statement notes that HashKey’s new HSK native token will gain applications within the entire ecosystem of the HashKey Group and its various businesses.

HSK Public Listing and Airdrop

In a press statement released on Tuesday, HashKey Group gave details about the newly introduced HSK token, including its listing, Airdrop and other public services. According to the announcement, the HSK token will begin its air launch at the end of June, with the aim of improving user engagement and community participation. HashKey Group noted:

“HSK is scheduled to launch a Community Airdrop across HashKey’s core businesses at the end of June, encouraging users to contribute to community building.”

The report states that HSK is an ERC-20 token with a massive supply of one billion units. Hashkey mentioned that 65% of the tokens will go directly to network growth, 30% to the team, and around 5% as a reserve fund.

Additionally, HashKey implemented a burning mechanism where the team will buy around 20% of the HSK profits made from different HashKey group businesses and burn them, resulting in less supply.

HashKey’s statement indicates that the public listing of the HSK token will follow suit later in the third quarter of 2024.

The statement notes that the company will strictly adhere to the principle of HSK for ALL; therefore, the token will gain applications and use cases within the entire HashKey ecosystem and enable a comprehensive Web3 economic network.

HSK utility details

The HSK token will also gain many use cases, including community rewards, token presale, transaction fee discounts, cross-platform ecosystem collaborations, and business activities associated with the exchange. This platform is currently “Hong Kong’s largest licensed virtual asset exchange,” according to the statement.

Other businesses under the group’s umbrella include HashKey Capital, HashKey Exchange, HashKey NFT, HashKey Cloud and HashKey Tokenization.

The company also noted that: “HSK will incentivize ecosystem contributors to the HashKey chain, HashKey’s L2′ ecosystem chain, providing robust support and driving force for users and chain assets.” .

These recent developments are only expected to further fuel HashKey Global’s growth. HashKey Global recently reported massive increases in trading volume, exceeding $348 million.

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