HashKey Group, a leading virtual asset financial services group in Asia, has announced the launch of HashKey EcoPoints (HSK). The HSK is an incentive mechanism that rewards contributors to the HashKey ecosystem, including users and partners. The HSK is designed to power the diverse businesses of the HashKey ecosystem, activate its growth, and reward users and partners for contributing to the development of the ecosystem.
The HSK has a fair, incentive-based distribution mechanism to ecosystem users and partners, and there will be no private or public sales of HSK or any form of fundraising carried out through HSK. With a fixed total supply of 1 billion HSK, 65% of HSK will be allocated for ecosystem growth, 30% to the team, and 5% to a reserve fund. HashKey EcoPoints will be distributed as rewards for usage of HashKey’s exchange business and expanded to more business line reward programs in the future.
The HSK smart contracts have been independently audited by Slowmist and deployed on the Ethereum blockchain. HSK holders will enjoy potential benefits on the PRO exchange, such as trading fee discounts and withdrawal fee waivers for selected digital assets. The HSK is designed not just for HashKey’s exchange business but also for all other businesses within the HashKey ecosystem, with more benefits set to be unveiled as adoption gains speed.
Michel Lee, Executive President of HashKey Group, said, “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. HSK is designed to drive adoption and to reward our users for contributing to the platform’s growth, providing a clear benefit for HashKey users and partners.”
HashKey Group is a leading virtual asset financial services group in Asia, providing a complete ecosystem across the entire virtual asset landscape, ranging 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.