HashKey Group has unveiled plans for an upcoming airdrop and public listing of its native token, HSK, scheduled for Q3 2024. The airdrop, aimed at boosting user engagement and community involvement, will distribute HSK tokens to users in late June. HSK, an ERC-20 token, will have a total supply of one billion units, with 65% allocated to network growth and 30% to the team. A burn mechanism will reduce supply by using 20% of profits from HashKey businesses to buy back and burn HSK tokens. The token will be utilized across HashKey's ecosystem, including HashKey Capital, HashKey Exchange, and more, offering various use cases such as transaction fee discounts, community rewards, and cross-platform collaborations.
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