PANews reported on June 18 that according to official news, the digital asset financial services group HashKey Group announced that the HashKey platform coin HSK is planned to be listed in Q3 2024. Adhering to the "HSK for ALL", 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 the listing transaction, HSK will launch a community airdrop to reward ecosystem participants.

Token economic model, HSK is a token 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. Regarding the destruction mechanism, 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 deductions and business growth activities of Hong Kong's licensed virtual asset exchange HashKey Exchange and the global flagship virtual asset exchange HashKey Global. In addition, HSK will also be used to incentivize ecological contributors to the L2 "ecological chain" HashKey Chain. HSK is expected to start community airdrops through HashKey's core business in late June.