HashKey Group Launches HashKey EcoPoints

HashKey Group, an end-to-end virtual asset financial services group in Asia, has launched HashKey EcoPoints (HSK), a token designed to incentivize contributors to the HashKey ecosystem, including its users and partners.

HSK Token

With a fixed total supply of 1 billion HSK, the token will power the diverse businesses of the HashKey ecosystem, activate its growth, and reward users and partners for contributing to its development. HSK has a fair, incentive-based distribution mechanism to ecosystem users and partners, with 65% of the tokens allocated for ecosystem growth, 30% to the team, and 5% to a reserve fund.

HSK will be distributed as rewards for usage of HashKey’s exchange business and expanded to more business line reward programs in the future. There will be regular repurchasing and burning of HSK from circulating supply to offset dilutionary effects of reward distribution.

Michel Lee, Executive President of HashKey Group, said that “HSK helps us lay the foundation to build a synergistic ecosystem, empowering the development of the next generation of financial and commercial networks enabled by blockchain and Web 3 technologies.”

 

Benefits to HSK Holders

HSK holders will enjoy potential benefits on the PRO exchange, such as trading fee discounts and withdrawal fee waivers for selected digital assets. The token is not just designed for HashKey’s exchange business but for all other businesses within the HashKey ecosystem, with more benefits set to be unveiled as adoption gains speed.

The HSK smart contracts have been independently audited by Slowmist and deployed on the Ethereum blockchain. According to the company, the token has a fair distribution mechanism that incentivizes growth and development within the ecosystem, with no private or public sales of HSK, nor any form of fundraising carried out through HSK.

 

Driving Adoption and Innovation

HashKey Group’s complete ecosystem across the entire virtual asset landscape ranges from trading, custody, venture investment, technologies to Web3 infrastructure. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions, and associations.

HSK is the latest initiative in the Group’s commitment to driving adoption and innovation within the virtual asset financial services space in Asia. The token is poised to incentivize growth and development within the HashKey ecosystem, ultimately benefiting its users and partners.