HashKey Group announced: HashKey platform currency HSK is expected to be launched in the third quarter of this year

Hong Kong digital asset financial services group HashKey Group announced today (18th) that the HashKey platform currency HSK is expected to be launched in the third quarter of this year and will launch a community airdrop in late June. To reward ecological participants and encourage users to participate in co-construction.

HashKey Group stated that the platform currency HSK will be used in all HashKey ecological core application scenarios, and will continue to expand external community co-construction to form a comprehensive Web3 value map.

According to the officially announced token economic model, HSK is a token based on the ERC-20 standard, with a total supply of 1 billion, of which 65% is used for ecological construction; 30% is allocated to the team; 5% will serve as a reserve fund.

HSK has a "destruction mechanism" to prevent holders' rights and interests from being diluted due to the increase in the rewarded HSK circulation. HashKey Group pointed out that the group will withdraw up to 20% of the profits from specific businesses to repurchase HSK, and will destroy the repurchased part.

HashKey Group has a comprehensive Web3 ecosystem, which currently covers Infrastructure, Middleware, AI, DeFi, Metaverse and other business types. As the platform currency of HashKey, HSK will be used for community rewards within the ecosystem, exclusive token priority purchase, and cross-platform ecological cooperation.

At the same time, HSK can also be used for a wide range of handling fee deductions and business growth activities of "Hong Kong's largest licensed virtual asset exchange HashKey Exchange" and "global flagship virtual asset exchange HashKey Global" Scenes.

In addition, HSK will also be used to incentivize ecological contributors of the Layer 2 "ecological chain" HashKey Chain, providing strong support and impetus for users and assets on the HashKey Chain chain.

HashKey Group emphasized that HSK’s specific listing timetable has not yet been determined. If it is successfully listed, it may be subject to various trading restrictions according to applicable regulations, such as only professional investors can trade.

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