TechFlow News, according to Foresight News, HashKey Group Chief Operating Officer Weng Xiaoqi announced the HSK platform token development roadmap during the HashKey Exchange product launch event. The roadmap consists of five phases:
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Phase One (November 2023): Update the HSK economic model and publish token allocation rules.
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Phase Two (November 2023): Complete HSK ERC-20 minting and on-chain distribution.
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Phase Three (Q4 2023): Announce the HSK incentive program, including launching fee discount programs, allocating trading incentive pools, publishing listing standards for premium assets and participation schemes for HSK holders, with plans to initiate HSK buybacks in the second half of 2024.
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Phase Four (Q2–Q3 2024): Initiate the HSK listing plan, announce future strategies, and conduct legal, compliance, and market preparations.
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Phase Five (second half of 2024): Facilitate the public listing of HSK, with early contributors receiving incentives.
According to official information, the total supply of HSK under the current economic model is 1 billion tokens, with 65% allocated to ecosystem growth, 30% to the team, and 5% to the reserve vault. Ecosystem growth allocations include business expansion, partnership reserves, listing incentives, and genesis incentives.
HSK, the native token of HashKey Exchange, will be used across multiple platforms and services—including HashKey Pro, HashKey Custody, HashKey DID, HashKey DEX, HashKey Quark, and HashKey Quark Capital—for purposes such as fee settlements, custody fee discounts, payment for verifiable credential services on-chain, trading fee discounts, and access to exclusive token sales.
