According to TechFlow, HashKey Group ("HashKey" or "the Group"), Asia's leading end-to-end digital asset financial services group, announced that HashKey's platform coin HSK plans to be listed in Q3 2024. Adhering to the "HSK for ALL" principle, HSK will be used in all core application scenarios of the HashKey ecosystem and will continue to expand external community co-construction to form a comprehensive Web3 value map. Before listing, HSK will launch a community airdrop to reward ecosystem participants.

HSK is a token based on the ERC-20 standard with a total supply of 1 billion, of which 65% will be used for ecological construction, 30% will be allocated to the team, and 5% will be used as a reserve fund.

HSK will have a destruction mechanism to prevent the rights of holders from being diluted due to the increase in the circulation of rewarded HSK. HashKey will extract up to 20% of the profits of specific businesses to repurchase HSK, and will destroy the repurchased portion.

HashKey Group has a comprehensive Web3 ecosystem, which currently covers multiple industries such as Infrastructure, Middleware, AI, DeFi, Metaverse, etc. As HashKey's platform currency, HSK will be used in a wide range of scenarios such as community rewards within the ecosystem, priority purchase of exclusive tokens, cross-platform ecosystem cooperation, and handling fee deductions and business growth activities of HashKey Exchange*, the largest licensed virtual asset exchange in Hong Kong, and HashKey Global, the global flagship virtual asset exchange. In addition, HSK will also be used to motivate ecological contributors to the L2 "ecological chain" HashKey Chain, providing strong support and impetus for users and assets on the HashKey Chain chain.

HSK plans to launch community airdrops through the HashKey core business in late June to encourage users to participate in co-construction.