On June 18, according to official news, HashKey Group, a digital asset financial services group, announced that HashKey platform currency HSK plans to be listed in Q3 2024. Adhering to "HSK for ALL", HSK will be used in all core application scenarios of the HashKey ecosystem, and will continue to expand external community co-construction to form a comprehensive Web3 value map. Before the listing transaction, HSK will launch a community airdrop to reward ecosystem participants.
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, and 5% will be used as a reserve fund. Regarding the destruction mechanism, HSK will have a destruction mechanism to prevent the rights and interests of holders from being diluted due to the increase in the circulation of rewarded HSK. HashKey will extract up to 20% of the profits of specific businesses to repurchase HSK, and will destroy the repurchased part. As HashKey's platform currency, HSK will be used in a wide range of scenarios such as community rewards within the ecosystem, priority purchase of exclusive tokens, cross-platform ecological cooperation, and handling fee deductions and business growth activities of Hong Kong licensed virtual asset exchange HashKey Exchange and global flagship virtual asset exchange HashKey Global. In addition, HSK will also be used to motivate ecological contributors of the L2 "ecological chain" HashKey Chain. HSK is expected to launch community airdrops through HashKey core business in late June.
