top of page

HSK Information Disclosure

1. HSK token smart contract and smart contract audit information

​

​

2. Available supply of HSK tokens for distribution to Users

​

  • TGE liquidity is 11%, incentivizing users to support the development of the HashKey ecosystem in various ways; with 7% allocated to global users participating in trading and growth activities on compliant exchanges, 2% for community airdrops and marketing activities, distributed to partner communities to incentivize active users across different communities. Continuous rounds of airdrops and incentive activities will occur following the public chain launch; 2% is allocated for market-making liquidity.

​

3. Available supply of HSK tokens for allocation to employees

​

  • HSK tokens will be awarded to HashKey staff members who significantly contribute to the company’s business growth. The tokens allocated to the team will be locked at TGE. Following a 3-month lock-up period post-TGE, the tokens will begin to vest and will be evenly distributed to the staff over a 36-month period. Detailed information will be public after the first quarter of the token launch.

​

4.  What is HSK?

​

  • HSK is the ecosystem token of HashKey Group and will be used across all HashKey businesses, covering global licensed exchanges, investment and asset management, tokenisation, infrastructure services, and more. Additionally, HSK is the native and gas token of HashKey Chain, an L2 public chain, empowering the long-term growth of the ecosystem.

​

  • The maximum fixed supply of HSK tokens is 1 billion, allocated as follows: 65% to the Ecosystem Growth Pool, 30% to the Team Pool, and 5% to the Reserve Fund. To counter the dilutionary effect of reward distribution, HSK tokens will be regularly repurchased and burned from the circulating supply.

​

  • HSK is designed to incentivize contributors to the HashKey ecosystem, including users, ecosystem partners, and HashKey staff: (a) to attract new users and encourage existing users to continue or increase their usage of HashKey Group’s services; (b) to reward HashKey staff who contribute to business growth.

​

5. Usage Benefits & Reward Policy

​

The HSK token is intended to incentivize users and contributors within HashKey's ecosystem. Potential benefits for token holders and uses of the HSK token include platform service fee payment, trading fee discounts, access to community incentives from ecosystem growth, priority access to early notifications and new products, and early access to research report releases.

​

  • Trading Fee Discount

HSK tokens can be used for transaction fee discounts on HashKey Group platforms once listed. By encouraging users to pay with HSK tokens through preferential rates or specific promotional policies, the utility and liquidity of the token are enhanced. When users use HSK tokens to offset transaction fees on exchanges, these payments are recorded as financial income.

To provide clarity around HSK’s utility and associated rights and obligations, we are actively considering enhancing the disclosure of relevant information. This may include the calculation method for transaction fee offsets and other specific details.

​

  • Community Incentives from Ecosystem Growth

To foster user growth and community engagement, HSK tokens serve as rewards for users participating in community building, content creation, referrals, and other activities. This helps increase user retention, promotes positive interaction, and enriches community content.

​

  • Industry Research and Early Notifications

Token holders have priority access to Web3 and blockchain industry research reports, early access to future token subscriptions, early notifications, and access to new products and upgrades.

 

​6. Reward Distributions to Users and Contributors in the Ecosystem

​

  • HSK token issuer HashKey Token Limited (HTL) will distribute HSK tokens to the Ecosystem Growth Pool at the end of each month. The Ecosystem Growth Pool will then reward users and contributors based on their trading and liquidity provision activities in the HashKey ecosystem.

​

  • Due to careful planning, HashKey's ecosystem does not anticipate any shortage of HSK tokens for rewards distribution. HTL will distribute HSK tokens from the Ecosystem Growth Pool wallet as trading and liquidity rewards to users and contributors after each month.

 

7. Categories of Monthly Platform User Rewards:

​

a. New users' rewards

New users can get HSK tokens through:

  • Welcome bundles,

  • Referral programs, and

  • Professional investor verification.

​

b. Trading rewards

Trading rewards are distributed monthly based on a publicly disclosed formula that ranks users according to trading volume and trading fees generated. Each user's ranking determines the quantity of HSK tokens they receive from the Monthly Distribution Pool. Types of trading rewards include:

  • Trading ranking competitions,

  • Transaction rewards.

​

c. Ecosystem Partner Rewards

HSK tokens will be awarded to strategic partners within the HashKey ecosystem, including institutional contributors like market makers and other ecosystem partners.

  • Institutional Contributors: Initially, these will include a designated market maker that commits to providing minimum liquidity standards on HashKey Global. "Minimum liquidity standards" refers to continuous order quotation metrics defined contractually with the market maker, such as minimum order sizes, minimum bid-ask spreads, and minimum uptime requirements.

​

  • Other Ecosystem Partners: HSK tokens will incentivize ecosystem partners to provide services that enhance the user experience and support HashKey’s business, encouraging them to use the HashKey ecosystem.

 

8. Repurchase and Token burning

​

  • 20% of the Group's total quarterly profit will be used for repurchases. We will publish quarterly repurchase and token burning information on the 11th day of each new quarter.

​​

9. Update information about the reserve fund

​

  • We will publish monthly reserve fund information on the 11th day of each new month.

​

10. Other Important information:

​

  • We will provide updates at the discretion of HTL to change the terms and conditions of the HSK token rewards programme, including the supply and allocation schedule, HSK Token Management Policy, and HSK Tokens’ Rewards Policy.*

​

  • The list of wallet addresses holding more than 5% of the total circulating supply of HSK tokens will be continuously and publicly disclosed.

bottom of page