By
Godfrey Benjamin
July 4th, 2024
The HashKey team will distribute 10 million HSK tokens via the DejenDog Telegram bot, with a listing scheduled for the third quarter of 2024.
HashKey Group, the firm operating the largest licensed virtual asset exchange in Hong Kong dubbed HashKey Exchange, has announced the official onset of its much anticipated HSK token airdrop. According to the announcement, participants can now access the exclusive HSK token airdrop channel via the DejenDog Telegram bot and claim their tokens.
The company announced that 10 million HSK tokens will be distributed ahead of the upcoming listing before the end of this quarter.
How to Receive the HashKey HSK Token Airdrop
The HashKey token airdrop will be available to all participants who meet the set criteria in a first come first served manner. The company noted that airdrop participants will receive a base anoint of eligible HSK tokens after logging into the DejenDog telegram bot account.
Participants who invite three friends will receive up to 3X of the base HSK token allocation. The HashKey team further added that participants who subscribe to the Telegram channel in addition to inviting three friends will receive up to 5x base allocation.
The HSK airdrop participants who log in via the community partner link will be eligible for 5x base allocation. Meanwhile, participants who get to connect their wallets and pass eligibility checks will receive up to 100x base allocation.
“To win additional Eligible HSK tokens, participants can play a tap-to-earn DejenDog mini-game. By tapping on the Husky-themed dog character, users can earn HIT points, which can be redeemed for eligible HSK tokens or be used to access Dapps on the HashKey’s L2 ecosystem chain dubbed HashKey Chain,” the company announced.
Token Allocation and Benefits
As Coinspeaker previously pointed out, the HSK token uses the ERC-20 standard and has a total supply of about $1 billion units. The HashKey team allocated 65 percent of the total HSK tokens to the ecosystem growth, while the team and reserve fund received 30 percent and 5 percent respectively.
The HSK token will play a major role in the HashKey Group ecosystem amid the mainstream adoption of web3 and digital assets in Hong Kong and around the world.
For instance, the HSK token will be used in community rewards, exclusive token pre-sales rights, transaction fee discounts, and enhanced business growth in the HashKey exchange.
Market Picture
The entrance of HashKey’s native token in the global crypto arena comes amid the ongoing mainstream adoption of digital assets and web3 protocols. Hong Kong has already begun enacting clear crypto regulations to enable more investors to seamlessly tap into the Web3 space.
The notable crypto participation from different countries has significantly improved the crypto liquidity. Moreover, the crypto industry has been banking both the unbanked and the banked.
As a result, the HSK token is well-positioned to grow further in the coming quarters.