HashKey Group, a prominent Chinese crypto and blockchain company, has revealed plans to launch the mainnet of its Ethereum layer-2 solution, HashKey Chain, in Q4 2024.
The announcement came via the project’s official social media account on July 8, 2024, although a specific launch date was not disclosed.
Coming soon！ pic.twitter.com/BPHNAvZmgP
— HashKey Chain (@HashKeyChain) July 8, 2024
HashKey Chain, first announced in April 2024, is positioned as a key component of HashKey’s comprehensive Web3 ecosystem. The Group noted it aims to leverage its compliance, security, and technology strengths to create an open, scalable, and nearly borderless “Ecosystem Chain.”
According to HashKey, the HashKey Chain is built with ZK-proof technology, and it offers will users low-cost, efficient on-chain services, including trading, investment, and dApps deployment.
The network’s native token, HSK, was recently launched through an airdrop campaign on Telegram on July 2, 2024. The airdrop is designed to distribute 10 million $HSK tokens to the community ahead of its scheduled listing in Q3 2024. Participants could claim tokens by engaging with a Telegram bot game called “DejenDog” and completing specific tasks.
HashKey Group has established itself as a major player in Asia’s crypto and blockchain sector, particularly in Hong Kong. The Group’s cryptocurrency exchange was among the first to receive full authorization to serve both professional investors and retail users under Hong Kong’s new digital asset regulations.
Meanwhile, the HashKey Group has recently entered into multiple strategic partnerships to expand its influence across the Asia–Pacific region. Notably, a collaboration between the Group, Ripple and Japanese SBI Group was announced on April 30, 2024. This partnership is expected to introduce Ripple’s XRP Ledger (XRPL) solutions to Japanese businesses while HashKey contributes its blockchain-based supply chain solutions to drive the adoption efforts in Japan.
The HashKey Group also recently allied with the TON Foundation to enhance fiat on- and off-ramps for Telegram crypto wallet users across the Asia Pacific region, with the aim of improving accessibility and usage of crypto and Web3 wallets.
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