According to Techub News, HashKey tweeted that the platform coin HSK is planned to be listed in the third quarter of 2024. Adhering to "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, HSK will launch a community airdrop to reward ecosystem participants.
HSK is a token based on the ERC-20 standard with a total supply of 1 billion, of which 65% will be used for ecological construction, 30% will be allocated to the team, and 5% will be used as a reserve fund.
HSK has 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 portion.
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 for 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 ecosystem contributors to the L2 "ecological chain" HashKey Chain. HSK is expected to launch community airdrops through HashKey's core business in late June.
