HashKey plans to issue 1 billion platform tokens HSK, expected to launch on the exchange by mid-next year

2023-11-01 11:59:16

Collection

ChainCatcher news indicates that the HashKey official website shows its platform token HSK is expected to be used as a tool to incentivize contributors within the HashKey ecosystem to "drive the growth of the entire ecosystem." According to the white paper, HashKey plans to issue a total of 1 billion HSK, with 65% allocated for ecosystem growth, 30% for employee incentives, and 5% for the company treasury.

HashKey's Chief Operating Officer Livio Weng added that the exchange also plans to launch HSK, but this may not happen until mid-next year. Additionally, Weng stated that HashKey is exploring the practical implementation of RWA tokenization. "RWA is becoming an important force for compliant exchanges," Weng said, "If you want to pursue 'effective RWA', you must achieve it through a licensed exchange."

Weng explained that HashKey has obtained permission to issue and trade security tokens in Hong Kong, and it is "exploring two important RWA use cases that could have a significant impact on the market." "We are currently in negotiations with the Hong Kong Securities and Futures Commission regarding the RWA use cases," Weng stated, adding that the negotiations with the commission have entered the "latter half."

(Source Link)

Related tags

Platform Token HashKey

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.