Hong Kong’s HashKey crypto exchange has revealed the timetable for its Ethereum layer-2 product, HashKey Chain.
Hong Kong’s biggest licensed crypto exchange operator. HashKey Group has revealed the start date for their Ethereum layer-2 solution dubbed HashKey Chain. On July, an X posted. According to the X project account, on July 8, it was revealed that mainnet for the network is set to launch in Q4 without revealing a date.
HashKey Group has developed an ERC-20 Token, HashKey EcoPoints. It is designed to be an incentive token for contributors of the ecosystem. “specific rights” Asset issuance and early access “future new token subscriptions.”
The HSK whitepaper, as reported by crypto.news previously, outlines an overall supply of one billion tokens. This is divided into three parts: 65% for HashKey’s team and marketing, 30% for business development and 5% for user protection. Exchange will burn HSK tokens using 20% of net profit. “protect HSK holders from the dilutionary impact of rewards-based increases in HSK circulating supply.”
HashKey first unveiled The company plans to introduce its utility token by November 2023. It says that the economic model of this token will be “closely tied to the long-term interests of ecosystem contributors.”
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Source: crypto.news
