[HashKeyGroup will launch platform coin HSK in Q3 2024] HashKey Group announced that HashKey platform coin HSK is planned to be launched in Q3 2024. HSK will be used in all core application scenarios of the HashKey ecosystem and continue to expand external community co-construction. Before 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 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 part.