HashKey Group, an Asia-based cryptocurrency financial services firm, announced that it will officially list its platform token HSK in the third quarter of this year. In anticipation of the listing, a community airdrop is planned for later this month.
HashKey to List Platform Token in Q3, Community Airdrop Scheduled for This Month
The HSK token will be an integral part of HashKey's suite of products and applications. The company aims to launch a community Airdrop through its core businesses in late June, encouraging user engagement and contribution to community building.
“HSK is scheduled to launch a community Airdrop through HashKey's core businesses in late June, encouraging users to contribute to community building,” the company said.
HSK was designed as an ERC-20 token with a total supply of one billion units. HashKey plans to allocate approximately 65% of the supply to the growth of the ecosystem, 30% to its staff and 5% to the reserve fund.
The company also outlined a burn mechanism through which it could purchase up to 20% of the net profits from certain HashKey businesses to burn the resulting HSK from the token supply.
“HSK will incentivize ecosystem contributors to the HashKey Chain, HashKey's L2 'Ecosystem Chain', providing robust support and driving force for users and assets on-chain,” the company added.
HashKey Group operates several core businesses, including HashKey Capital, HashKey Cloud, HashKey Tokenisation, and HashKey NFT.
It also runs HashKey Exchange, a licensed cryptocurrency exchange in Hong Kong, and HashKey Global, a global exchange launched in April.
Earlier this year, HashKey Group raised nearly $100 million in a Series A funding round, achieving a pre-money valuation of over $1.2 billion.
The upcoming token launch and airdrop are seen as strategic moves to further strengthen its ecosystem and expand its user base.
*This is not investment advice.
