HashKey will announce an airdrop before the HSK token listing in Q3, 2024
The HashKey team has announced the launch of the HSK token for Q3, 2024.
A community airdrop is scheduled for late June to encourage community building.
HashKey Group has announced that its token HSK will launch in the third quarter of 2024.
This token will support all HashKey core applications and use cases, the company said in the announcement. As the network begins to gain traction in the Web3 economy, HSK will play a key role in the development of the community.
HSK utility
HashKey Group plans an airdrop to reward ecosystem contributors ahead of the token listing in Q3, 2024. Tokinomics' new ERC-20 standard token includes a total supply of 1 billion HSK. 65% will go to Ecosystem Development, 30% to the Group and 5% to Reserve Fund.
In today's announcement, key HSK amenities include community rewards, exclusive pre-sale access, platform collaboration and payment discounts for users on the company's HashKey Exchange and HashKey Global.
HSK also powers the Hashkey Layer 2 ecosystem, which serves as a native management, incentives, and gas payment token.
It is noteworthy that HashKey Group boasts a robust Web3 ecosystem supporting infrastructure, artificial intelligence (AI) projects, middleware, DeFi and Metaverse.
The company's launchpool went live in May this year.
Air drop and simulation burn
Before the token listing, HashKey will launch a community airdrop. The company expects the initiative to go live by the end of June, and will be used to encourage users to contribute to community building.
The token burning mechanism will see HashKey use up to 20% of the company's net profit to purchase HSK. The program will permanently remove HSK tokens from circulation.
