Key Points:
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.
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.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
BounceBit is a Bitcoin restaking protocol that blends CeFi and DeFi features to enhance the…
Bitcoin (BTC) investors are offloading their holdings, Dogecoin receives $700 million in inflows, and ETFSwap…
Users can check eligibility and claim Taiko TKO tokens within specified periods, supported by the…
BKCM CEO Brian Kelly predicts spot Solana ETF could be the next boom, following Bitcoin…
US Senator Cynthia Lummis, a Bitcoin advocate, asserts bipartisan support for cryptocurrencies. She's optimistic about…
BlackRock has reapplied for a Spot Ethereum ETF with the SEC, joining nine firms vying…
This website uses cookies.