Coinspeaker HashKey Global Announces Initial Listing of Its ERC20-based Token HSK
HashKey Group, a fast-growing web3 infrastructure developer and virtual asset group based in Asia, has announced the initial listing of its native token dubbed HashKey Platform Token (HSK) in the innovation zone. The initial listing of the HSK ERC20 token on the HaskKey Group exchange is a major highlight of the exchange this year, having been founded in 2018.
In a bid to reward the early adopters, HashKey Group announced that it has prepared a lineup of rewards in addition to 2.88 million HSK tokens up for grabs in the coming weeks. The deposit of HSK tokens through the Ethereum network will be opened today, while the withdrawals will be enabled on November 27, 2024.
HashKey Group intends to list the HSK token with the Tether USDT paid on its spot trading platform by November 26, 2024.
Closer Look at HashKey Platform Token (HSK)
The HashKey Platform Token (HSK) is the main gateway to the HashKey businesses including licensed exchanges, tokenization, investment and asset management, and infrastructure services, among others. Some of the company’s products include HashKey OTC, HashKey Capital, HashKey TokyoHash, HashKey Wallet, HashKey Game, HashKey DAPP, and HashKey Tokenization, among others.
The HashKey Group team is committed to helping the HSK token grow exponentially in the coming years. For instance, the HashKey Group committed about 20 percent of its quarterly profit to HSK buybacks, which will be burned to create value for the holders. A similar move has been implemented by the Binance exchange in the BNB market and has proved successful in the coin’s mainstream adoption.
As for the HSK token distribution, 65 percent of the total supply, which amounts to 650 million tokens, has been set aside for ecosystem growth. The HSK team received 30 percent, which amounts to 300 million, while the remaining was set aside for the network’s reserves.
Worth noting that the tokens allocated to the team will be locked during the token generation event and will be evenly distributed to the staff over 36 months.
HashKey Global has inked noted partnerships in the past to help streamline the mainstream adoption of web3 products and digital assets. As of this report, some of the strategic partnerships that HashKey Global has inked include with dYdX perpetual exchange, Alchemy, B2 network, Polyhedra, Celestia TIA $5.07 24h volatility: 7.1% Market cap: $2.07 B Vol. 24h: $361.98 M , Polkadot DOT $4.06 24h volatility: 0.5% Market cap: $5.83 B Vol. 24h: $299.37 M , Optimism OP $1.59 24h volatility: 4.7% Market cap: $2.00 B Vol. 24h: $534.74 M , and Starknet, among many others.
Market Picture
HashKey Group has strategically positioned itself to grow exponentially in the coming years amid the mainstream adoption of digital assets and web3 platforms in Asia. According to the company’s whitepaper, HashKey Group is regulated in Hong Kong, Singapore, Bermuda, and Japan.
With plans to launch the HashKey Chain, a layer two scaling solution on the Ethereum ETH $2 816 24h volatility: 7.1% Market cap: $339.16 B Vol. 24h: $36.76 B network, the HSK token is well positioned to help acquire more users in the long haul.
next
HashKey Global Announces Initial Listing of Its ERC20-based Token HSK
