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HashKey plans to issue 1 billion platform currency HSK, which is expected to be launched in the middle of next year
2023-11-01 03:51
Odaily News HashKey’s official website shows that its platform currency HSK is expected to be used as a tool to incentivize contributors in the HashKey ecosystem to “drive the growth of the entire ecosystem.” According to the white paper, HashKey plans to issue a total of 1 billion HSKs, 65% of which will be used for ecosystem growth, 30% for employee incentives, and 5% for the companys vault. HashKey COO Livio Weng added that the exchange also plans to list HSK, but this may not happen until the middle of next year. In addition, according to Weng, HashKey is also exploring the practical practice of RWA tokenization. “RWA is becoming an important force in compliant exchanges,” Weng said. “If you want to pursue ‘effective RWA,’ then you have to do it through a licensed exchange.” Weng explained that HashKey obtained the license to issue in Hong Kong and a license to trade security tokens, it is “exploring two important RWA use cases that could have a huge impact on the market.” “We are currently negotiating with the Hong Kong Securities and Futures Commission (on RWA use cases),” Weng said, adding that negotiations with the SFC have entered the “second half.” (The Block)