After the end of the "regulatory arbitrage" era, will HashKey, with its asset management scale of 5 billion, become a unique benchmark for compliant platform development?
With the continued push of the bull market, HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, has successfully surpassed the 5.5 billion HKD mark in asset management, with a total trading volume reaching 530 billion HKD.
HashKey's advantages mainly lie in its regulatory compliance, direct fiat trading, asset security measures, and user support services. HashKey is experiencing milestone development.
When comparing HashKey horizontally with other exchanges, HashKey demonstrates several significant advantages:
1) Regulatory Compliance - HashKey is one of the first exchanges in Hong Kong to obtain formal regulatory approval. This means it adheres to strict financial regulatory standards, providing a platform that operates within a legal framework. This adds a layer of security for users, especially regarding legality and asset safety.
2) Fiat Trading Pairs - HashKey directly supports trading between fiat currencies (such as USD, HKD, etc.) and cryptocurrencies. This greatly simplifies the trading process, as users do not need to first convert fiat into stablecoins before trading cryptocurrencies. This aspect offers a better user experience compared to many exchanges that require users to convert to stablecoins first.
3) Security and Insurance - HashKey employs a cold and hot wallet asset storage strategy, combined with insurance measures, to enhance asset security. Users' assets are stored in independent accounts and are covered by insurance, which is relatively rare in the industry, boosting user confidence in asset safety.
4) Innovative Services - After launching futures trading, HashKey introduced marketing strategies such as the "100% invitation rebate activity" and activities that share a prize pool through trading participation. This not only increases user engagement but also enhances platform activity through reward mechanisms.
5) User Education and Support - From the reactions on social media and community feedback, HashKey emphasizes user education and support, such as providing detailed registration and usage guides. This lowers the entry barrier for new users and increases their affinity for the platform.
6) International Layout - HashKey supports bank account transfers from multiple countries, demonstrating its layout for international expansion and adaptability to the global market. This is an advantage for users looking to manage assets globally on a single platform.
If you haven't followed and participated in HashKey's platform token $HSK's TGE and airdrop activities, you might miss the capital feast of the first compliant leading token—
I. Development of the Crypto Industry: Compliant Licensed Exchanges are the Trend
2024 is set to be a significant year for compliance in the crypto industry, with global regulations tightening and compliance becoming the mainstream trend in industry development.
Currently, major exchanges worldwide are beginning to shrink their operations in non-compliant markets, even shutting down risky businesses, while actively laying out in licensed markets.
At Token2049, HashKey Exchange's CEO stated: "The non-regulatory market is gradually shrinking, and within the next two to three years, the market share of globally licensed exchanges may exceed 50%."
If Hong Kong wants to become a pioneer center for Web3 in Asia, then HashKey is a mirror reflecting the current state of the cryptocurrency industry in Hong Kong. The regulatory recognition, guidance, and support gained by "prioritizing compliance" is a first-mover advantage that other latecomers cannot match.
II. Advantages of $HSK:
As HashKey's ecosystem token $HSK, it can be used not only for new asset subscriptions but also for offsetting trading fees, community rewards within the ecosystem, exclusive token priority purchases, and cross-platform ecosystem collaborations.
HashKey will also launch the Ethereum L2 network HashKey Chain, aiming to link traditional finance and Web3 in the Asia region, with HKD stablecoins to be integrated after its release. HSK will become the gas for its public chain, facilitating transactions and circulation within the HashKey Chain ecosystem.
III. In addition to the most important compliance advantage, HashKey has several hidden advantages worth noting—
High User Quality. Compared to other exchanges, HashKey has a certain entry threshold. Currently, HashKey has over 330,000 registered users, with a significant number of high-quality users having verified assets exceeding 8 million HKD, which indirectly confirms the platform's trading activity, liquidity, reputation, and credibility.
Diversified Product System. HashKey has its own digital asset wallet, trading platform, venture capital fund, aggregated trading services, mining pools, etc. According to the white paper, all businesses under HashKey are expected to empower HSK, with the HSK token serving as a value carrier and becoming the token and "golden shovel" of the entire ecosystem.
Extensive Ecosystem Cooperation. HashKey has established deep strategic partnerships with traditional financial institutions, sovereign funds, internet companies, well-known family offices, and crypto-native investors. Through cooperation, HashKey can integrate resources from various parties, expand business channels, and enhance project influence and competitiveness.
HashKey's profitability is very stable, adopting a value investment model similar to that of the US stock market, with linear unlocking. A certain proportion of tokens will enter circulation based on the profits earned by the group, and up to 20% will be used for repurchasing and destroying HSK.
The mechanism that ties the issuance of tokens to the company's actual operating conditions greatly avoids the awkward situation of many VC tokens experiencing massive unlocks and price crashes.
- HashKey's latest round of financing raised 100 million USD, with a valuation of 1.2 billion USD. According to insider information, the financing dilutes the group's equity, while the token equity has not been diluted, meaning it is unlikely to affect token pricing, and there are still substantial financing benefits yet to be released.
IV. The Last Chance for Free $HSK:
HashKey's advantages lie in its compliance, security measures, and innovative services, while its future development potential lies in comprehensive market penetration, international expansion, and continuous innovation in the blockchain ecosystem.
I am confident that after the end of the "regulatory arbitrage" era, HashKey will undoubtedly focus on the narrative of "compliance" based on its capital advantages.
Low market cap start + outstanding project performance + licensed compliance, and being the first compliant exchange to issue the first platform token, are all worth paying attention to!
Currently, HashKey's token HSK is nearing launch:
Previously, a fun Telegram mini-game was launched, and the subsequent game tokens can be exchanged for $HSK airdrops and other rewards. It’s best to strive to reach level 40 to buy treasure chests.
Link: https://t.me/DejenDogBot/djdog?startapp=ceb1c578
In addition, activities like trading mining and registration rewards from HashKey Global Exchange, as well as Gate's startup, are all free to participate in!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
