According to ChainCatcher, HashKey Group announced on social media that HashKey's platform currency HSK is scheduled to be launched in the third quarter of 2024. HSK will be used in all HashKey ecosystem core application scenarios and will continue to expand external community co-construction. Before the listing, HSK will launch a community airdrop in late June to reward ecosystem participants.

It is reported that HSK is based on the ERC-20 standard, with a total supply of 1 billion, of which 65% is used for ecological construction, 30% is 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 part.

As HashKey's platform currency, HSK will be used in a wide range of scenarios, including community rewards within the ecosystem, priority purchase of exclusive tokens, cross-platform ecosystem cooperation, and fee deduction and business growth activities of HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, and HashKey Global, the global flagship virtual asset exchange. In addition, HSK will also be used to incentivize ecological contributors to the L2 "ecosystem" HashKey Chain.