On December 18, HashKey Group announced that the mainnet of the public chain HashKey Chain has officially launched. This significant progress not only marks a key step in HashKey Chain's process of building compliant and innovation-friendly on-chain financial infrastructure, but also indicates that its service scope has expanded beyond traditional L2 solutions.
HashKey Chain is based on OP-Stack technology, dedicated to improving transaction speed and reducing fees, providing users with a more efficient and convenient trading experience. OP Stack is an open-source development framework that supports the OP mainnet, consisting of various software components that form Optimism's L2 Rollup, used to create interoperable L2 blockchain networks. It simplifies the construction process of L2 blockchains, allowing developers to customize L2 networks based on their needs, thus connecting to Ethereum and sharing its security and resources.
On November 11, HashKey Chain officially opened its testnet to developers and users. During the testnet period, the 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 an extremely developer-friendly L2 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 the HashKey Chain testnet can reach 400 tps, achieving the goals of significantly reducing transaction fees and increasing transaction throughput, thus providing users with a more cost-effective trading environment.
After the mainnet launch, the HashKey Chain ecosystem focuses on sectors like BTCFi, PayFi, RWA, and stablecoins, aiming to build financial infrastructure and full-stack Web3 solutions that connect Web2 and Web3. This not only reflects HashKey Chain's unique competitive advantages but also showcases HashKey Group's mission and determination as an industry pioneer.
The native token of the HashKey Chain ecosystem, HSK, has officially begun spot trading on major exchanges such as HashKey Global, KuCoin, Gate.io, BingX, and MEXC since November 26. HSK is also the ecological coin of HashKey Group, which can be applied to various scenarios such as trading fee discounts within the HashKey ecosystem, exclusive token priority purchasing rights, node validation rewards, etc. HSK holders will also enjoy governance and decision-making rights in HashKey Chain.
The total supply of the HSK token is 1 billion, of which 65% is used to support medium- and long-term ecological construction, 30% is allocated to the team, and 5% serves as a reserve fund. During the initial token generation (TGE) phase, the circulating supply is 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 fully distributed to community supporters and builders through ecological airdrop incentives, developer grant programs (Atlas Grant), liquidity incentives, and various business scenarios within HashKey. This approach ensures that the distribution of HSK is more transparent and fair, guaranteeing a long-term and sustainable ecology.
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 expanding the blockchain's network capacity through the latest OP-Stack and Rollup technologies, we provide a smoother user experience and create a secure, efficient, and convenient all-around development environment for developers, helping them build disruptive decentralized applications on this compliant and innovation-friendly public chain."
In addition, Kay mentioned that the successful launch of the mainnet is also of great significance 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 globally. All ecological links promote each other, providing nourishment and vitality for 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, and the recipient project teams will receive non-dilutive funding, technical guidance, collaboration opportunities, and chances to participate in hackathons and other activities.
Application link: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1.
