HashKey Group’s crypto exchange, HashKey Global, has officially listed the HashKey Platform Token (HSK), marking a significant step forward in the Group’s Web3 ecosystem strategy.
According to the exchange’s announcement, HSK deposits will become available on November 7 at 07:00 UTC, with spot trading of HSK/USDT starting on November 26 at 10:00 UTC. Withdrawals are scheduled to open on November 27 at 10:00 UTC.
This token is expected to play a pivotal role as the native asset and gas fee token for HashKey Chain, the Layer 2 blockchain at the core of HashKey Group’s expansion into decentralized finance and digital assets.
By offering HSK on its platform, HashKey Global aims to establish strong liquidity for the token, creating a stable and accessible trading environment that will support the token’s international reach and adoption.
According to Ben El-Baz, Managing Director of HashKey Global, HSK’s introduction is more than a technical addition; it is a strategic bridge between Asian and global financial systems. By embedding HSK within HashKey Chain, HashKey Global aspires to foster a compliant Web3 ecosystem, underscoring the token’s potential to advance blockchain technology’s integration into global finance.
HashKey Chain, which is built on the Ethereum blockchain, is expected to launch its mainnet by the end of 2024. The Group announced in July that the platform was built with zero-knowledge (ZK) proof technology and will deliver low-cost, efficient trading, investment, and dApp deployment services, making it a competitive player in the decentralized space.
In preparation for HSK’s listing, HashKey Global conducted an airdrop campaign through Telegram, distributing 10 million HSK tokens. Participants engaged with the “DejenDog” Telegram bot game to earn tokens, generating early interest in the token ahead of its Q3 2024 launch.
HashKey Group’s ambitions extend beyond blockchain and into the broader Web3 landscape. The Group recently partnered with Catizen, a Telegram Mini App, to develop innovative Web3 gaming products within The Open Network (TON) ecosystem. This collaboration is expected to provide Catizen users with secure, regulatory-compliant digital asset services through HashKey Global.
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