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HashKey teases launch date for its Ethereum layer-2 network

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Hong Kong-based crypto change HashKey has introduced the launch timeframe for its personal Ethereum layer-2 resolution referred to as HashKey Chain.

Hong Kong’s largest licensed crypto change operator, HashKey Group, has introduced the launch interval for its Ethereum layer-2 resolution dubbed HashKey Chain. In an X submit on Jul. 8, the X account behind the venture revealed that the community’s mainnet is scheduled to be launched in This autumn, with out offering a selected launch date.

Coming quickly! pic.twitter.com/BPHNAvZmgP

— HashKey Chain (@HashKeyChain) July 8, 2024

You may also like: Hong Kong’s HashKey Group turns into unicorn with $100m funding

The HashKey Chain community will function the bottom for the HashKey EcoPoints (HSK), an ERC-20 token developed by HashKey Group to function an incentive for ecosystem contributors, providing price reductions and “particular rights” for asset issuance in addition to early entry to “future new token subscriptions.”

As crypto.information earlier reported, the HSK whitepaper outlines a complete provide of 1 billion tokens. Of this, 65% is allotted for advertising and marketing and enterprise growth, 30% for the HashKey workforce, and 5% reserved for extra ecosystem person safety. The change will even burn HSK tokens, utilizing 20% of the agency’s web earnings to “shield HSK holders from the dilutionary influence of rewards-based will increase in HSK circulating provide.”

HashKey first unveiled plans for its personal utility token in November 2023, saying the token’s financial mannequin can be “carefully tied to the long-term pursuits of ecosystem contributors.”

Learn extra: HashKey launches tap-to-earn bot on Telegram to woo retailers with its HSK token

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