On December 18, the public chain HashKey Chain launched by HashKey Group announced that the mainnet has officially gone live. This significant advancement not only marks a key step in HashKey Chain's process of building a compliant-friendly and innovation-encouraging on-chain financial infrastructure but also signifies an expansion of its service scope beyond traditional Layer 2 solutions.
HashKey Chain leverages OP-Stack technology to enhance transaction speed and reduce fees, providing users with a more efficient and convenient trading experience. OP Stack is an open-source development framework that supports the OP mainnet, composed of various software components that constitute Optimism's Layer 2 Rollup, used to create interoperable Layer 2 blockchain networks. It simplifies the construction process of Layer 2 blockchains, allowing developers to customize Layer 2 networks based on their needs, thereby connecting to Ethereum and sharing its security and resources.
On November 11, HashKey Chain officially opened the testnet to developers and users. During the testnet period, HashKey Chain achieved over 24.72 million transactions, registered more than 860,000 wallet addresses, with an average block time of 2 seconds, gas fees as low as 0.1 Gwei, 50 projects successfully deployed, and 300,000 community members actively participating.
HashKey Chain is a developer-friendly Layer 2 public chain that supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Ethereum-based smart contracts and DApps. This compatibility greatly reduces development difficulty and enhances ecological interoperability. As a Layer 2 solution, HashKey Chain expands the blockchain's network capacity through Rollup technology, providing a smoother user experience and offering developers broader application scenarios. In a laboratory environment, the latest TPS of HashKey Chain's testnet can reach 400 tps, achieving significant reductions in transaction costs and increased transaction throughput, thus providing users with a more economical trading environment.
The HashKey Chain ecosystem after the mainnet launch focuses on tracks such as BTCFi, PayFi, RWA, and stablecoins, aiming to create financial infrastructure and full-stack Web3 solutions that connect Web2 and Web3. This not only reflects the unique competitive advantages of HashKey Chain but also highlights HashKey Group's mission and determination as an industry pioneer.
The HashKey Chain's native ecological token HSK was launched for spot trading on major exchanges such as HashKey Global, KuCoin, Gate.io, BingX, MEXC, etc., on November 26. HSK is also the ecological token of HashKey Group and can be used in a wide range of scenarios such as trading fee discounts, exclusive token pre-purchase rights, and node validation rewards within the HashKey ecosystem. HSK holders will also enjoy governance and decision-making rights in HashKey Chain.
The total supply of HSK tokens is 1 billion, of which 65% is allocated to support medium to long-term ecological development, 30% is distributed to the team, and 5% is set aside as a reserve fund. During the Initial Token Generation Event (TGE), the circulating supply was set at 11%, totaling 110,000,000 tokens, with the remaining ecological pool released linearly over 48 months after TGE. The remaining part of the ecological pool after TGE will be distributed entirely through ecological airdrop incentives, developer Grant programs (Atlas Grant), liquidity incentives, and further distributed to community supporters and builders across various HashKey business scenarios. This approach ensures a more transparent and fair distribution of HSK, guaranteeing a long-term and sustainable ecosystem.
HashKey Chain CEO Kay stated: 'The successful launch of the mainnet is not only a significant technological breakthrough but also the result of our team's long-standing hard work. By utilizing the latest OP-Stack and Rollup technology to expand the blockchain's network capacity, we provide a smoother user experience and create a safe, efficient, and convenient all-around development environment for developers to build disruptive decentralized applications on this compliant-friendly and innovation-encouraging public chain.'
Additionally, Kay mentioned that the successful launch of the mainnet is of significant importance to the entire HashKey Group. 'HashKey Chain connects the existing ecology and business of HashKey Group, forming an open, decentralized financial system accessible to everyone worldwide, where all ecological segments promote each other, jointly providing nutrients and vitality to the entire HashKey Group's Web business landscape.'
To support developers in building the HashKey ecosystem, HashKey Chain launched a $50 million Atlas Grant program on December 11, aimed at deeply exploring high-quality projects in the Web3 field and providing comprehensive empowerment to achieve exponential growth for HashKey Chain's application layer and on-chain users. The first phase of the Atlas Grant prize pool is $10 million in HSK Tokens, with recipient project teams receiving non-dilutive funding, technical guidance, collaboration opportunities, and chances to participate in hackathons and other events.
Application link: https://GitHub.com/orgs/HashkeyHSK/discussions/new?category=session-1
