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Digital asset financial services provider HashKey Group announced the launch of $HSK, the group's EcoPoints token, which aims to incentivize contributors to the HashKey ecosystem, including its users and partners.
$HSK is deployed on Ethereum, and has a fixed total supply of 1 billion. 65% of $HSK will be allocated for ecosystem growth, 30% to the team, and 5% to a reserve fund. $HSK will be distributed as rewards for usage of HashKey's exchange business and expanded to more business line reward programs in the future. There will be regular repurchasing and burning of $HSK from circulating supply to offset the dilutionary effect of reward distribution.
According to HashKey Group, there will be no private or public sales of $HSK, nor any form of fund raising carried out through $HSK. Holders will enjoy potential benefits on the PRO exchange, such as trading fee discounts and withdrawal fee waivers for selected digital assets.
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