HSK will start spot trading on multiple exchanges on November 26

HSK will officially start spot trading on HashKey Global, KuCoin, Gate.io, BingX, and MEXC at 10:00 (UTC) on November 26. HSK is the ecological currency of HashKey Group and can be used in a wide range of scenarios such as transaction fee discounts, exclusive token priority purchase rights, node verification rewards, etc. within the HashKey ecosystem. As the native token and gas token of HashKey Chain, the HashKey L2 public chain, HSK holders will also enjoy the governance and decision-making power of HashKey Chain. The total supply of HSK tokens is 1 billion, of which 65% is used to support medium- and long-term ecological construction, 30% is allocated to the team, and 5% is used as a reserve fund. During the initial token generation (TGE) phase, the circulation is set at 11%, totaling 110,000,000, and the rest of the ecological pool is released linearly within 48 months after TGE. Kay, CEO of HashKey Eco Labs, said: "We hope to encourage users to participate in the co-construction of HashKey's ecosystem through HSK, and we also look forward to sharing the long-term value of ecological growth with the community. Therefore, HSK is mainly distributed to active users. Of the current 11% of TGE circulation, 9% is directly allocated to users who participated in early compliant exchange transactions and growth activities. Users earn points by participating in activities, and convert the points into HSK after listing; 2% is used for liquidity support and activity expenses. The remaining part of the ecological pool after TGE will all be distributed to community supporters and builders through airdrop incentives, HashKey Chain public chain ecological Grants (hsk.xyz), liquidity incentives, and in various HashKey business scenarios. This method can make the issuance of HSK more transparent and fair, and ensure a long-term and sustainable ecology." Kay mentioned: "The HashKey Chain mainnet will be launched in December. This compliant, friendly and innovative public chain can connect HashKey's existing businesses in series to form a large-scale collaborative network, and use BTCFi, Payfi, Stablecoin HSK will become the core driving force of the HashKey Chain ecosystem. "