HashKey Exchange is one of the two licensed cryptocurrency asset trading platforms in Hong Kong. In April, HashKey Global was launched to target a wider customer base. HashKey Group even claimed that its hypothetical competitor is Coinbase, a first-tier US company.
As its exchange cluster develops better and better, the new crypto unicorn company has become profitable. Against this background, they have also successfully launched their platform currency $HSK.
Below, we will invite Kay, the project leader of $HSK, to answer some questions about the prospects of platform currency for readers.
DejenDog is a Tap to Earn game launched by HashKey Group on Telegram. It is the official airdrop channel for $HSK. Users who participate in the DejenDog game have the opportunity to obtain 10 million Eligible HSK, but it is not only distributed to DejenDog users.
According to the documents of HashKey Group, HashKey plans to list its platform currency $HSK in the third quarter of 2024. Therefore, for those who participated in the airdrop or are interested in this platform currency, the most important concern is its prospects and security issues. Kay responded:
“First of all, the timing of the launch of $HSK is very different from the platform coins that everyone is familiar with. $HSK was launched when the group had already laid a solid foundation and was profitable.
$HSK is positioned as the ecosystem token of the entire Hashkey Group, so we hope to make it a carrier that carries the value of the entire Hashkey ecosystem. Its so-called value growth is accompanied by the growth of our entire group’s business, including exchanges, managed asset scale, various mining pools, OTC, etc., that is, our entire business line.
As for our benchmarking of Coinbase, although there is still a gap in market value, the gap in trading volume between us has actually been narrowing significantly.”
According to official data, as of July 24, HashKey Exchange’s total transaction volume has reached HK$450 billion.
According to CoinGecko’s cryptocurrency exchange trust score ranking, HashKey Exchange and HashKey Global are ranked 14th and 15th respectively.
Information Transparency to Avoid “Jumping the Gun”
For HashKey, which was founded in Hong Kong, investors who have experienced the JPEX incident or held its platform currency $JPC are more worried about the volatility of the platform currency price.
Kay thinks that people are not worried about the volatility itself, because she is also a retail investor. She thinks that people are worried that someone will manipulate the market when information is not equal, and volatility itself is healthy. Then the industry has its ups and downs, and there are career drivers, which are all normal.
But what everyone fears most is the soaring volatility. Some people use insider information to make money, which is actually endless in the stock market.
Then Kay gave $HSK a shot of confidence:
“So what we did this time is that we put all the information in front of everyone. When $HSK is undervalued by the market, we will take the initiative to hold it for a long time and do the next business drive.”
Focus on Compliance And Diversity Growth
In order to comply with the regulations, Kay said frankly that many exchanges actually have many unconventional means to grow, but HashKey will not do that.
Therefore, under this natural growth, the group’s growth rate is very fast, and HashKey Global has also launched the world’s first compliant contract platform.
Kay further added:
“Coinbase, our benchmark, does not have the concept of platform coins. They are stocks in the United States. For the Web3 ecosystem, there must be a compliant platform, and we have the form of tokens, which is a better concept for Web3 to accept. We also cooperate with our public chain. For example, Coinbase uses Ethereum, and it does not have a native token. Then its empowerment of this coin is actually not a concept. Moreover, we are not just the exchange itself, we also have a public chain, our web3, and our coin will eventually become a golden plate, that is, all our partners can do airdrops through our entrance in the future, or cooperate with various communities.”
Empowerment of Platform Coin
In terms of the empowerment of platform coins, Kay pointed out some expected situations, including but not limited to:
- Adoption by exchanges, which includes the familiar discounts on transaction fees. In addition, HashKey Global has launchpool and launchpad functions, and $HSK can be used to buy new assets in the future, which is very similar to Binance Coin BNB.
- Exclusive airdrop activities of various exchanges.
- It will be used as a native token and gas token. All such ecosystems on the subsequent public chain will use $HSK as an organic connection.
- The asset management launched in the future will have unique services, and you can get this privilege by holding $HSK.