Hong Kong’s HashKey unveils plans to launch ERC-20 utility token
The token ’s economic model will be ‘closely tied to the long-term interests of ecosystem contributors,’ the firm said. HashKey Exchange is set to roll out its own ERC-20 token as the firm is seeking options to expand its regional presence with the newly launch ed mobile app for retail traders available on iOS and Android devices. In a blog announcement on Nov. 1, the Hong Kong-based licensed crypto firm said the HashKey EcoPoints (HSK) token will be a “bond to incentivize ecosystem contributors,” offering fee discounts and “specific rights” for asset issuance as well as early access to “future new token subscriptions.” HSK token allocation | Source: HSK whitepaper According to the token’s whitepaper, HashKey plans to mint a total sum of 1 billion HSK. Around 65% of the token’s total supply is allocated for marketing and business development purposes, with 30% for the HashKey team and the remaining 5% in reserve...