HashKey Group Plans HSK Token Airdrop and Listing in Q3

HashKey Group sets the timeline for HSK token airdrop and listing on exchanges.

Little rocked on human hand being ready to be launched.
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  • HashKey Group has set the timeline for HSK token listing.
  • The group will airdrop the token to the HashKey community before listing.
  • HSK token holders will unlock various benefits and utilities.

HashKey Group, a leading digital asset financial services provider in Asia, announced on Tuesday plans to airdrop and list the HashKey ecosystem platform token, HSK.

HSK launched in April 2023 as an EcoPoints token designed to incentivize contributors, early users, and partners of the HashKey ecosystem. The token is based on the ERC-20 standard and has a fixed total supply of 1 billion HSK.

The HSK Token

According to an X (formerly Twitter) post on June 18, HashKey Group anticipates the HSK token being listed in Q3 2024 after a “massive community airdrop.”

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“Get ready for the upcoming HSK listing? WEN? 📅Mark your calendars for Q3 2024!,” the post read. “Before the listing, we're launching a massive community airdrop in late June to reward our ecosystem contributors.”

Of the 1 billion HSK supply, 65% will be allocated to ecosystem growth, 30% to the team, and 5% to a reserve fund.

HSK holders can leverage their tokens for various benefits, including access to exclusive token presales, transaction fee discounts on HashKey Exchange and HashKey Global, and opportunities to collaborate across platforms.

The post said that HSK will fuel HashKey’s Layer 2 “Ecosystem Chain” by powering a range of utilities to drive the growth of on-chain users and assets. This includes facilitating gas payments, incentives, and on-chain governance.

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HashKey Group further sought to reassure HSK holders of protection from dilution.

“We've implemented an offsetting issuance mechanism (burning) to protect HSK holders from dilution. We'll use up to 20% of net profits from specified HashKey businesses to purchase and permanently burn HSK tokens.” The post said.

The community airdrop will be done through HashKey’s core businesses in “late June.”

Stay updated on TON Foundation’s partnership with HashKey:
TON Foundation Taps HashKey to Enhance Fiat Access for Wallet Users

Read how HashKey is keen on emulating Coinbase’s success:
HashKey Looks to Emulate Coinbase’s Success with New License

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.