HashKey Group unveiled plans to airdrop its HSK token, which is deliberate for itemizing on the platform in Q3.
HashKey Group, an Asia-based crypto companies firm, introduced plans to airdrop its native token, HSK, forward of its itemizing in Q3 2024 in a bid to boost the utility and adoption throughout the HashKey ecosystem.
As per a press launch shared with crypto.information, the Hong Kong-based firm can be set to airdrop the token to “reward ecosystem contributors.” Though the airdrop particulars are but to be disclosed, the distribution is scheduled to start out in late June.
HashKey first unveiled plans for its personal utility token in November 2023, saying the token’s financial mannequin will probably be “carefully tied to the long-term pursuits of ecosystem contributors.”
The HashKey EcoPoints (HSK) is an ERC-20 token constructed on the Ethereum blockchain. It’s supposed to function an incentive for ecosystem contributors, providing price reductions and “particular rights” for asset issuance in addition to early entry to “future new token subscriptions,” the corporate claimed in a weblog announcement on the time.
The HSK whitepaper, reviewed by crypto.information, outlines a complete provide of 1 billion tokens. Of this, 65% is allotted for advertising and enterprise improvement, 30% for the HashKey group, and 5% reserved for extra ecosystem person safety. The alternate can even burn HSK tokens, utilizing 20% of the agency’s internet income to “shield HSK holders from the dilutionary influence of rewards-based will increase in HSK circulating provide.”