On September 19, the Federal Reserve’s interest rate decision was the most critical macroeconomic policy for the global financial market. Most of my friends’ attention was focused on this matter.
For domestic cryptocurrency traders, a very important thing is about to begin.
That is, the ecological token HSK of Hong Kong's compliant cryptocurrency exchange HashKEY HSK will be airdropped soon.
According to the information currently available, the total number of tokens is 1 billion, and 65% of the tokens will be used to incentivize early users of exchanges and ecosystems.
●Background of HashKey Exchange
HashKey Group is a digital asset financial services group that focuses on compliance. It is also one of the only two compliant crypto licensed groups in Hong Kong. The group's businesses including auditing, securities, banks, insurance companies, Web3 wallets, etc. cooperate with each other and ultimately form a seamless community of interests.
Through HashKey Exchange, a user-oriented terminal, we provide services to investors, especially in the area of WEB3 digital assets, with wide coverage and comprehensive ecological construction.
HashKey is a cryptocurrency exchange that was built step by step almost completely in accordance with the requirements put forward by the Hong Kong government. It was able to make OKX withdraw from the Hong Kong market, so you can imagine the strength and resources behind it.
As HashKey's ecological token, HSK will undoubtedly bring influence and development to the compliance sector in the future.
● $HSK is not an exchange token, it is an ecological token!
Many people saw HashKey issuing coins and thought that it was just an exchange token like OKB and FTT, which could only be used to issue new shares.
But in fact, $HSK is positioned as the token of the entire HashKey ecosystem, and its role is far more than that——
1. The most basic Launchpool and Launchpad allow you to use $HSK to buy new assets.
2. HSK will be used for community rewards within the ecosystem, priority purchase of exclusive tokens, cross-platform ecosystem cooperation, etc.
In particular, HSK can be used to offset the transaction fees of HashKey Exchange and HashKey Global, encouraging users to participate and trade.
This will also, to a certain extent, attract traffic and push up the price of HSK, thus achieving a positive cycle.
3. According to the white paper, all businesses under HashKey, including exchanges, mining pools, and investment management, must empower HSK, and HSK holders will enjoy privileges.
HashKey Group includes venture capital fund HashKey Capital, exchange HashKey Exchange, blockchain node verification service provider HashKey Cloud, tokenization service provider HashKey Tokenization, and Web3 community operation service provider.
4. HashKey Group will launch the Ethereum L2 network HashKey Chain, and HSK will become the gas of its own public chain.
5. As a compliant platform currency, HSK can absorb a large amount of traditional financial funds into the market in the future and will become a huge liquidity channel.
HSK can become the golden shovel of the entire HashKey ecosystem. In terms of structure, it can be benchmarked against Binance + BNB, and in terms of compliance, it can be benchmarked against Coinbase + base. Its potential cannot be underestimated.
●Why focus on $HSK?
HashKey's capital scale and compliance strength are already recognized by the industry. Once $HSK is launched, it will definitely become the first leading compliant coin.
"Compliant exchanges issue platform coins" is a narrative that can bring about huge consensus.
At the same time, there are several situations that deserve the market's attention:
1. HashKey’s current mechanism is very similar to BNB. The tokens are unlocked linearly, and the group will use up to 20% of its earnings to repurchase and destroy HSK.
This mechanism, which ties the issuance of tokens to the actual operating conditions of the company, greatly avoids the current risks of large-scale unlocking and dumping of VC coins and the risk of project parties selling coins in a shell.
HashKey's operations and profitability are now very stable, with a trading volume of more than HK$500 billion and total assets of HK$4.5 billion. HashKey Global achieved profitability within two months of its launch, becoming one of the fastest growing licensed exchanges in 2024.
2. For domestic partners, especially those who have experienced the liquidation of HUO coin and Mouan, the desire for compliance will be very strong. More importantly, it is currently at a low market value and is the first ecological coin issued by the first compliant exchange. You can imagine what kind of returns it can bring to everyone in the future.