HSK will start spot trading on multiple exchanges on November 26

PANews, November 26 news, HSK will officially open spot trading on HashKey Global, Kucoin, gate.io, BingX, and MEXC at 10:00 (UTC) on November 26. HSK is the ecosystem token of HashKey Group, which can be used for transaction fee discounts in the HashKey ecosystem, exclusive token pre-purchase rights, node verification rewards, and other extensive scenarios. As the native token and gas token of the HashKey Chain, the HashKey L2 public chain, HSK holders will also enjoy the governance and decision-making rights of HashKey Chain. The total supply of HSK tokens is 1 billion, of which 65% is used to support the medium and long-term ecosystem construction, 30% is allocated to the team, and 5% is used as a reserve fund. In the initial token generation (TGE) stage, the circulating supply is set at 11%, a total of 110,000,000 tokens, and the remaining part of the ecosystem pool will be linearly released within 48 months after TGE. HashKey Eco Labs CEO Kay said: "We hope to use HSK to motivate users to participate in the co-construction of the HashKey ecosystem, and we also look forward to sharing the long-term value of ecosystem growth with the community. Therefore, the recipients of HSK allocation are mainly active users. In the current 11% TGE circulation, 9% is directly allocated to users who have participated in compliant exchange trading and growth activities early on, and users will receive HSK by participating in activities and converting their points; 2% is used for liquidity support and activity costs. The remaining part in the ecosystem pool after TGE will be fully distributed to community supporters and builders through airdrops, HashKey Chain ecosystem Grants (hsk.xyz), liquidity incentives, and various business scenarios of HashKey." Kay mentioned, "HashKey Chain mainnet will be launched in December. This compliant and innovation-friendly public chain can integrate HashKey's existing businesses, form a large-scale collaborative network, and focus on tracks such as BTCFi, Payfi, and Stablecoin, providing a full-stack Web3 solution connecting traditional and crypto financial markets. HSK will become the core driving force of the HashKey Chain ecosystem."