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HashKey Group Wants To Promote Ecosystem With HSK Token Launch

Key Points:

HashKey Group has launched its HashKey EcoPoints or also called HSK tokens.
There will be no private or public sales of HSK, nor will any type of money raising be conducted using HSK.
HSK holders may be eligible for PRO exchange perks such as trading fee savings and withdrawal fee exemptions for certain digital assets.

HashKey Group, a supplier of digital asset financial services, announced the introduction of HSK, the group’s EcoPoints token, which intends to incentivize contributors to the ecosystem, including its users and partners.

HashKey Group Wants To Promote Ecosystem With HSK Token Launch 3

HSK is a cryptocurrency that runs on Ethereum and has a fixed total supply of one billion coins. 65% of HSK will go toward ecosystem development, 30% to the team, and 5% to a reserve fund.

HashKey Group Wants To Promote Ecosystem With HSK Token Launch 4

HSK will be issued as incentives for using HashKey’s exchange business and will eventually be extended to additional business line reward programs. Slowmist independently audited HSK smart contracts before they were released on the Ethereum blockchain.

SlowMist announced last month the official launch of a strategic relationship with HashKey Group to jointly investigate more comprehensive security standards and solutions to safeguard diverse businesses.

Michel Lee, Executive President of HashKey Group, stated:

“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.”

To mitigate the dilutionary impact of reward distribution, HSK will be repurchased and burned on a regular basis from the circulating supply.

According to HashKey Group, there will be no private or public sales of HSK, nor will there be any type of fundraising using HSK. Holders may benefit from trading fee savings and withdrawal charge exemptions for specified digital assets on the PRO exchange.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.