The Asia-based cryptocurrency financial services firm, HashKey Group, has announced its plans to officially list its platform token, HSK, in the third quarter of 2024. Additionally, the company intends to launch a community airdrop later this month, further engaging its user base.
HashKey’s Platform Token: HSK
- HSK is designed to be based on the ERC-20 standard, with a total supply of one billion units.
- Approximately 65% of the supply will be allocated for ecosystem growth, 30% for the staff, and 5% for a reserve fund.
- HashKey plans to have the discretion to purchase an amount of HSK up to 20% of net profits generated from specific HashKey businesses and then burn the acquired HSK from the token’s supply.
Incentivizing the Ecosystem
“HSK will incentivize ecosystem contributors to HashKey’s L2 ‘Ecosystem Chain,’ HashKey Chain, providing robust support and driving force for on-chain users and assets,” the company added.
HashKey’s Core Businesses
HashKey Group’s core businesses include:
- HashKey Capital
- HashKey Cloud
- HashKey Tokenisation
- HashKey NFT
- HashKey Exchange (a licensed crypto exchange in Hong Kong)
- HashKey Global (a global exchange launched in April)
In January 2024, HashKey Group announced that it had raised nearly $100 million in its Series A financing round at a pre-money valuation above $1.2 billion.
