HashKey Group, a prominent digital asset financial services group in Asia, has announced the upcoming public community airdrop and listing of its new native token, HSK, set to be unveiled in Q3 2024. The new HSK token will have applications within the entire HashKey group ecosystem and its various businesses, according to the statement released by the company.
The press statement provided details about the HSK token, including its listing, airdrop, and utility functions. The HSK token is an ERC-20 token with a total supply of one billion units. HashKey mentioned that 65% of the tokens will be allocated to the growth of the network, 30% to the team, and 5% as reserve funds. Additionally, the company has implemented a burn mechanism where 20% of profits made in HSK from different HashKey group businesses will be purchased and burned, leading to a lower supply.
HashKey also emphasized the importance of community involvement through the HSK token. The token will initiate a community airdrop in late June to encourage users to contribute to community building. The public listing of the HSK token is scheduled for later in Q3 2024, with a focus on applications and use cases within the entire HashKey ecosystem to create a comprehensive Web3 economic network.
The HSK token will offer various utility functions, including community rewards, token pre-sales, transaction fee discounts, cross-platform ecosystem collaborations, and business activities associated with the exchange. HashKey Group consists of various businesses such as HashKey Capital, HashKey Exchange, HashKey NFT, HashKey Cloud, and HashKey Tokenization. HSK will incentivize ecosystem contributors to the HashKey Chain, providing strong support and driving force for users and assets on-chain.
These developments are expected to further strengthen the growth of HashKey Global. The company recently reported significant increases in trading volume, exceeding $348 million, showcasing the growing interest in digital asset financial services in Asia. With the launch of the HSK token and its various utility functions, HashKey Group aims to enhance user engagement, community involvement, and overall growth within its ecosystem.
