Hong Kong-based HashKey Group has announced that its Ethereum layer-2 solution, HashKey Chain, will launch in Q4. The exact date is yet to be specified.
HashKey Chain will be the foundation for HashKey EcoPoints (HSK), an ERC-20 token designed to reward ecosystem contributors. HSK offers fee discounts, asset issuance rights, and early access to new token subscriptions.
According to the HSK whitepaper, there will be a total supply of 1 billion tokens, with 65% allocated for marketing and business development, 30% for the HashKey team, and 5% for ecosystem user protection. HashKey will burn HSK tokens, using 20% of its net profits to mitigate supply dilution.
First announced in November 2023, HSK’s economic model aligns with long-term ecosystem goals. This launch marks a significant step in HashKey’s strategic expansion, underscoring its commitment to ecosystem growth and sustainability.
