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- HashKey Group announced that it plans to officially list its platform token in the third quarter of this year.
- It intends to launch a community airdrop later this month.
Source: https://www.theblock.co/post/300569/hashkey-token-airdrop
HashKey Group, an Asia-based cryptocurrency financial services firm, is officially listing its platform token, HSK, in the third quarter of this year, with a community airdrop expected later this month.
In a statement shared with The Block, the company said the token would be used across its products and applications. HashKey noted that it will launch a community airdrop before listing the token.
“HSK is scheduled to launch a community airdrop through HashKey’s core businesses in late June, encouraging users to contribute to community building,” the company said.
HSK is a token designed to be based on the ERC-20 standard, with a total supply of one billion units, according to the statement. HashKey added that about 65% of the supply would be allocated for ecosystem growth, 30% to the staff and 5% to a reserve fund.
When it comes to the token’s burning mechanism, HashKey said it plans to have the discretion to purchase an amount of HSK up to 20% of net profits generated from specified HashKey businesses and then burn the acquired HSK from the token’s supply.
“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 Group’s core businesses include HashKey Capital, HashKey Cloud, HashKey Tokenisation and HashKey NFT. It also operates HashKey Exchange, a licensed crypto exchange in Hong Kong, and HashKey Global, a global exchange launched in April.
In January, HashKey Group announced that it raised nearly $100 million in its Series A financing round at a pre-money valuation above $1.2 billion.
by Timmy Shen
HashKey Global
HashKey Global is a digital asset trading platform operated by HashKey Bermuda Limited under a Type F license granted by the Bermuda Monetary Authority. This information does not constitute an offer, solicitation, or recommendation for any investment product. Investing and trading virtual assets involve risks. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.
RISK WARNING ABOUT HSK: Please be aware that HSK is not currently listed on any exchange and there is no guarantee that it will be listed in the future. As a result, HSK presently has no established market value. The timeline for the potential listing of HSK remains uncertain. In the event that HSK is successfully listed, it may be subject to various trading restrictions in accordance with applicable regulations and laws. These restrictions may include, but are not limited to, limiting the trading of HSK solely to eligible professional investors in select locations and subject to regulatory approval. The value of HSK is subject to substantial risk and may diminish or fluctuate significantly in response to various market conditions and other factors beyond HashKey Global’s control. HashKey Global and its affiliates make no warranties, express or implied, in relation to HSK or any rewards and disclaims any liability relating thereto.