HashKey Global has launched futures trading with rewards in HSK tokens

What’s new? HashKey Global, a regulated crypto exchange, has launched futures trading and in honor of the event, introduced promotions for users with rewards in HSK native tokens, the release of which was announced earlier this week. Thus, traders will be able to get 0,3 HSK for every 1000 USDT stablecoins on futures trading, with daily limits for the promotion.

Источник: X.com

What else is known? The first type of reward is only available for transactions made without using the API interface. Per day, one user with trading volume between 1000 and 300 000 USDT can receive up to 90 HSK, rewards will be allocated to the first 3000 participants. Users with trading volume over 300 000 USDT can receive up to 500 HSK per day from the daily prize pool of 160 000 tokens.

There will be a competition among API users on a weekly basis with rewards of up to 300 000 HSK tokens. The minimum weekly trading volume must be 3 million USDT and the daily balance must be at least 10 000 USDT.

In addition, for inviting friends through referral links, you can get up to 100% fee on their futures trades.

The platform is part of the HashKey Group, whose valuation at the end of the January funding round exceeded $1 billion. The group also includes crypto investment company HashKey Capital, asset tokenisation platform HashKey Tokenisation, PFP project incubation platform HashKey NFT, cloud platform HashKey Cloud, as well as Hong Kong crypto exchange HashKey Exchange, which was the first to be licensed to operate in the local market.

In April, HashKey Group announced the launch of its own Layer 2 (L2) HashKey Chain network based on the Ethereum blockchain. It will utilize zero-knowledge proof (ZKP) technology for scalability and cost-effectiveness.

The network will extend the company’s Web 3.0 ecosystem and offer low-cost and efficient services to users and developers, including a software development kit (SDK) for ecosystem applications, as well as a blockchain explorer for transaction tracking. The mainnet will be launched over the next 12 months. The network will be supported by the HashKey Cloud division.

The day before, HashKey Group said that the HSK token would be launched in Q3, with an airdrop before that. 65% of the total offering will be allocated to ecosystem development, 30% to staff, and 5% to a reserve fund.

Источник: X.com

The ERC-20 standard asset with a total supply of 1 billion coins will be used in all products and applications of the group. As an exchange token, it will allow access to exclusive presales of other projects and discounts on transaction fees on both platforms: HashKey Global and HashKey Exchange. As a native token of the HashKey Chain, HSK will be used to pay for transactions and participate in project management votes.

HSK can also be seamlessly integrated with external ecosystems, the team claims.

Tokenomics also includes a burn mechanism aimed at preventing inflation. The team will allocate up to 20% of the net profits of token-related units to buy and destroy HSK.