Ethereum

Read

<p class="is-style-lead">Hong Kong-based crypto exchange HashKey has announced the launch timeframe for its own Ethereum layer-2 solution called HashKey Chain.</p>
<p>Hong Kong’s largest licensed crypto exchange operator, <a href="https://crypto.news/tag/hashkey/" target="_blank" rel="noopener noreferrer nofollow">HashKey</a> Group, has announced the launch period for its Ethereum <a href="https://crypto.news/tag/layer-2/" target="_blank" rel="noopener noreferrer nofollow">layer-2</a> solution dubbed HashKey Chain. In an X post on Jul. 8, the X account behind the project revealed that the network’s mainnet is scheduled to be launched in Q4, without providing a specific launch date.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Coming soon！ <a href="https://t.co/BPHNAvZmgP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/BPHNAvZmgP</a></p>— HashKey Chain (@HashKeyChain) <a href="https://twitter.com/HashKeyChain/status/1810211104867668093?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>You might also like: <a href="https://crypto.news/hong-kongs-hashkey-group-becomes-unicorn-with-100m-funding/" rel="noopener noreferrer nofollow"> Hong Kong’s HashKey Group becomes unicorn with $100m funding </a></p>
<p>The HashKey Chain network will serve as the base for the HashKey EcoPoints (HSK), an ERC-20 token developed by HashKey Group to serve as an incentive for ecosystem contributors, offering fee discounts and “specific rights” for asset issuance as well as early access to “future new token subscriptions.”</p>
<p>As crypto.news earlier reported, the HSK whitepaper outlines a total supply of 1 billion tokens. Of this, 65% is allocated for marketing and business development, 30% for the HashKey team, and 5% reserved for additional ecosystem user protection. The exchange will also burn HSK tokens, using 20% of the firm’s net profits to “protect HSK holders from the dilutionary impact of rewards-based increases in HSK circulating supply.”</p>
<p>HashKey&nbsp;<a href="https://crypto.news/hong-kongs-hashkey-unveils-plans-to-launch-erc-20-utility-token/" target="_blank" rel="noopener noreferrer nofollow">first unveiled</a>&nbsp;plans for its own utility token in November 2023, saying the token’s economic model will be “closely tied to the long-term interests of ecosystem contributors.”</p>
<p>Read more: <a href="https://crypto.news/hashkey-launches-tap-to-earn-bot-on-telegram-to-woo-retailers-with-its-hsk-token/" rel="noopener noreferrer nofollow"> HashKey launches tap-to-earn bot on Telegram to woo retailers with its HSK token </a></p>

HashKey teases launch date for its Ethereum layer-2 network

crypto.news

Other articles published on Jul 8, 2024

Bitcoin (BTC) Price, Volume Contrasts In Fight For Rebound

How Luma AI turns crypto memes into viral videos

Analyst Says Altcoins Could Go To Zero; Lists Strong Coins For Gains

US Republicans under Trump include crypto in official party platform

Digital Asset Investments Soar as Bitcoin Dominates Amid Price Dip

Ethereum Token Rollblock Dominates Market So Far In July; Cardano (ADA) and Toncoin (TON) Holding...

Join our free newsletter for daily crypto updates!