HashKey Group, which runs Hong Kong’s major licensed cryptocurrency exchange, has said when its new Ethereum layer-2 choice, HashKey Chain, will be ready. The company really wants deals on the Ethereum network to be faster and more important. The good news here is a significant advance toward those goals.
The HashKey Group shared information today that the mainnet for HashKey Chain will go live in the fourth quarter of this year. But the company didn’t give an exact date. It said that it was committed to reaching this goal so that users could get better performance and usefulness.
Key Details of HashKey Chain’s Q4 Launch Revealed
HashKey EcoPoints (HSK) are an ERC-20 coin that will be used to reward people who take part in the environment. They will work with HashKey Chain. With HSK tokens, you’ll be able to get early access to orders for new tokens and pay less in fees. The project’s goal is to give crypto fans and people who work to support the ecosystem a strong place to hang out that will last.
HashKey Group has made a plan for how the 1 billion tokens will be given out based on the HSK white paper. 65% of the money will be used for projects that help the business sell itself and grow. Another 5% will be set aside to make the ecosystem safer for everyone. The HashKey team will get 30% of the money. HashKey Group also said it would burn 20% of its net income in HSK tokens. People who already have HSK tokens won’t have to sell them for less than they’re worth.
In November 2023, the HashKey Group first talked about its plans for the utility token. There was a lot of talk about how these ideas would help everyone in the long run. Putting out HashKey Chain is a smart move by HashKey Group as the world of cryptocurrencies changes. It will be better off because it will have options that can be used in more places to meet the needs of a growing market.
How often does the market for cryptocurrencies change? HashKey Group is always ready to help people and businesses find better ways to use and trade digital assets around the world. We can’t wait for HashKey Chain to begin. This group has both people who buy crypto and people who like crypto. When Hong Kong gets its own coin market, it will be a significant step toward truly independent money options.
