HashKey will issue its platform token HSK in the third quarter and start community airdrops in late June

According to a post by HashKey Group on the X platform, HashKey's platform coin HSK is scheduled to be launched in the third quarter of 2024. 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% is used for ecosystem construction, 30% is allocated to the team, and 5% will be used as a reserve fund. HSK will have a destruction mechanism to prevent the rights and interests 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 destroy some of the repurchased tokens. Subsequently, HSK will be used for community rewards within the ecosystem, priority purchase of exclusive tokens, cross-platform ecosystem cooperation, and handling fee deductions and business growth activities of HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, and HashKey Global, the global flagship virtual asset exchange. In addition, HSK will also be used to incentivize contributors to the L2 ecosystem HashKey Chain ecosystem and provide support for users and assets on the HashKey Chain chain. HSK plans to launch community airdrops through the HashKey core business in late June to encourage users to participate in co-construction.