Significant Points
- HashKey Group has unveiled its strategy to include the HSK token in the listings for Q3 2024.
- The entirety of HSK tokens is capped at 1 billion.
A recent disclosure through X reports HashKey Group's announcement of scheduling the HSK token listing for the third quarter of 2024.
As outlined in the project's official platform, HSK operates as a platform token falling under the ERC-20 standard protocol. It is designed to reward contributors within HashKey's ecosystem, thereby stimulating the ecosystem's development.
HSK Tokenomics
- HSK's overall token supply totals 1 billion.
- 65% of the total supply (650 million tokens) is dedicated to ecosystem expansion.
- The team receives 30% of the total supply (300 million tokens).
- A reserve pool will hold 5 million tokens (5% of the total supply).
Advantages of HSK
The advantages associated with HSK tokens include:
- Community rewards accumulation
- Exclusive token pre-sales access
- Cross-platform collaboration opportunities
- Reduced transaction fees on HashKey Exchange and HashKey Global
HSK drives the HashKey Chain's layer 2 Ecosystem Chain, supporting on-chain users and assets. It plays a pivotal role as the gas fee payment, incentivizing participants, and governing token for HashKey Chain.
The utilities of HSK provide robust support for on-chain users and assets, fostering growth within HashKey Chain's ecosystem. Integration with external ecosystems promotes synergy between internal and external collaborations within the HashKey Group's Web3 ecosystem that comprises infrastructure, middleware, AI, DeFi, GameFi, and metaverse.
HSK Token Burns
In a bid to shield HSK holders from dilution risks, HashKey's team has initiated an offsetting issuance mechanism (burning). They aim to deploy up to 20% of net profits from particular HashKey ventures to purchase and permanently eliminate HSK tokens.
HSK Airdrop
Ahead of the token listing, a community airdrop is on the horizon, set to recognize the contributions of ecosystem participants.
Established in 2018, HashKey Group has established itself as a leading digital asset financial services group in Asia, underlining a 'compliance-first' approach, as stated on the project's official website.
