HashKey Group, a financial services firm specializing in cryptocurrency based in Asia, has revealed the date for the listing of its platform token HSK. The company plans to officially list the HSK token in the third quarter of this year. In preparation for the listing, a community airdrop is scheduled for later this month.
The HSK token is set to become an essential component of HashKey’s range of products and applications. The company intends to launch a community airdrop through its core businesses at the end of June, with the goal of encouraging user engagement and fostering community growth.
HSK, which was created as an ERC-20 token with a total supply of one billion units, will see approximately 65% of its supply allocated to the growth of the ecosystem, 30% to the company’s staff, and 5% to the reserve fund. Additionally, HashKey has outlined a burn mechanism that would allow it to purchase up to 20% of the net profits from certain businesses to burn the resulting HSK from the token supply.
The company stated, “HSK will incentivize ecosystem contributors to the HashKey Chain, HashKey’s L2 ‘Ecosystem Chain’, providing robust support and driving force for users and assets on-chain.”
HashKey Group is involved in various core businesses, including HashKey Capital, HashKey Cloud, HashKey Tokenisation, and HashKey NFT. It also operates HashKey Exchange, a licensed cryptocurrency exchange in Hong Kong, and HashKey Global, a global exchange that was launched in April.
Earlier this year, HashKey Group successfully raised nearly $100 million in a Series A funding round, achieving a pre-money valuation of over $1.2 billion. The upcoming token launch and airdrop are strategic moves aimed at strengthening its ecosystem and expanding its user base.
*This is not investment advice.
