🧐HashKey Chain Mainnet Launch is Imminent｜How to Seize the Billion-Dollar Market Opportunity with Compliance-Driven On-Chain Financial Infrastructure Public Chain?
HashKey Chain will officially launch its mainnet this month (December 2024), with just about one day left until the launch;
Since its announcement in April this year regarding the upcoming Ethereum L2 network, the public chain track has been the main battlefield of Web3.
After all, since the birth of Ethereum, there have been numerous challengers.
On the foundation of Ethereum, the L2 route dispute has emerged, leading to the current era of a hundred flowers blooming in L2.
We are gradually realizing that merely having technological innovation and high performance is not enough; a public chain is like a digital kingdom that requires a sufficiently prosperous ecosystem and a consensus among a large number of developers and users to continuously create wealth for users and developers.
As a compliance-driven on-chain financial infrastructure public chain;
HashKey Chain has long surpassed the traditional Ethereum L2 scope. It relies on OP-Stack technology, focusing on BTCFi, PayFi, RWA, and stablecoin tracks, aiming to build financial infrastructure and a full-stack Web3 solution that connects Web2 and Web3.
1️⃣ What is HashKey Chain?
With the widespread application of the Ethereum network, issues of transaction congestion and high fees have become increasingly prominent. To address these problems, Layer 2 scaling solutions have emerged.
The latest wave of Layer 2 public chains has adopted OP Stack. OP Stack is a standardized, shared, and open-source development stack that supports the OP mainnet, composed of various software components, building Optimism's L2 Rollup for creating shared, interoperable, and collaborative L2 blockchain networks.
OP Stack aims to simplify the construction of L2 blockchains, similar to a "supermarket for building L2," allowing developers and project teams to customize Layer 2 networks according to their needs, thereby connecting to the Ethereum network and sharing security and resources.
HashKey Chain, leveraging the latest OP Stack technology, is committed to maximizing transaction speed and minimizing fees, providing users with a more efficient and convenient trading experience, featuring the following characteristics:
Low Cost and High Efficiency: HashKey Chain utilizes OP Stack technology to significantly reduce transaction fees and increase transaction throughput. This also provides users with a more economical trading environment.
EVM Compatibility: HashKey Chain supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Ethereum-based smart contracts and DApps. This compatibility greatly reduces development difficulty and enhances ecosystem interoperability.
Strong Scalability: As a Layer 2 solution, HashKey Chain expands the blockchain's network capacity through Rollup technology, making user experience smoother and providing developers with broader application scenarios. In laboratory conditions, HashKey Chain's testnet has achieved a maximum TPS of 400 tps.
Brand Endorsement from HashKey Group: With the strong resources and influence of HashKey Group, HashKey Chain is far ahead of other competitors in terms of funding, technology, and market trust.
Openness and Decentralization: HashKey Chain adheres to the principles of openness and decentralization, allowing any developer to freely build and deploy applications on HashKey Chain. This transparency and flexibility greatly promote innovation and development within the ecosystem.
Developer-Friendly Experience: HashKey Chain provides developers with a simple API design, making the deployment and management of smart contracts easier, while also supporting multi-chain interactions to facilitate the building of cross-chain applications.
On November 11, HashKey Chain officially opened its testnet to developers and users. In just one month since its launch, it has achieved over 24.78 million transactions, 863,000 active addresses, an average block time of 2 seconds, and gas fees as low as 0.1 Gwei.
2️⃣ Strong Support from HashKey Group
As a comprehensive digital asset management and financial services group based in Asia, HashKey Group has established a global licensed exchange, investment and asset management, tokenization, and infrastructure services across various fields, covering a wide range of digital assets and blockchain ecosystems.
Among them, the exchange business is the castle and core pillar of HashKey Group, with its compliance and high barriers forming an insurmountable barrier;
HashKey Capital focuses on investing in blockchain technology and digital assets; HashKey OTC provides compliant digital asset over-the-counter trading services; HashKey Cloud is a world-leading Web3 infrastructure provider; HashKey Tokenisation specializes in providing advice and facilitation for the tokenization of various types of assets, with a particular focus on Web3 native assets.
HashKey Chain connects all existing ecosystems, forming an open, globally accessible decentralized financial system for everyone, where all ecological links promote each other, providing nourishment and vitality for the entire HashKey Group's business landscape.
Similarly, as a strong backing for HashKey Chain, HashKey Group can provide robust support in terms of funding, technology, and market resources.
1) Compliance and Trust:
HashKey Exchange is the first licensed exchange in Hong Kong aimed at retail users, which has epoch-making significance in the development history of the entire Asian crypto industry. HashKey Global is the global flagship virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license from the Bermuda Monetary Authority (BMA) for its digital asset investor protection scheme. This compliance will attract more traditional financial institutions and companies into the on-chain ecosystem, providing a stable foundation for the long-term development of HashKey Chain.
2) Ecological Support:
HashKey Group can provide various support for high-quality projects on HashKey Chain, such as HashKey Capital providing funding support for quality ecological projects; HashKey Cloud offering secure and stable blockchain technology services, having provided public chain node operation services since 2018, currently covering 80 mainstream public chains; HashKey Global can open priority listing channels for quality ecological projects. This series of ecological resource support from HashKey Group will help HashKey Chain quickly complete its cold start.
3) Market Influence:
Through the brand effect of HashKey Group, HashKey Chain has attracted a large number of users and developers, quickly occupying an important position in the Layer 2 field. In just one month since the testnet launch, it has achieved over 24.72 million transactions and attracted more than 860,000 wallet addresses to register.
3️⃣ Over 100 Partners, The Initial Scale of HashKey Chain Ecosystem is Emerging
The HashKey Chain ecosystem focuses on BTCFi, PayFi, RWA, and stablecoin tracks, aiming to build financial infrastructure and a full-stack Web3 solution that connects Web2 and Web3. This not only reflects HashKey Chain's unique competitive advantages but also showcases HashKey Group's mission and determination as an industry pioneer.
As of now, over 100 industry partners, including dappOS, Bitlayer, and REVOX, have reached strategic cooperation with HashKey Chain, covering multiple tracks such as DEX, Lending, GameFi, and PayFi. Additionally, partnerships have been established with over ten communities, including Antalpha Labs, Bewater, Builder DAO, DChain Community, DoraHacks, LXDAO, OpenBuild, and Rebase, to jointly promote community growth.
The expansion of the HashKey Chain ecosystem and the impressive performance of on-chain data are inseparable from strong support for developers.
On December 10, HashKey Chain announced the launch of a $50 million Atlas Grant program for global developers, aimed at deeply exploring high-quality projects in the Web3 field and providing comprehensive empowerment to achieve exponential growth for HashKey Chain's application layer and on-chain users.
The Atlas Grant is primarily aimed at ecological projects that are planned or have been deployed on HashKey Chain. The total prize pool for the grant is $50 million worth of HSK Tokens, with the first phase distributing $10 million in HSK Tokens to developers, and future allocations will be based on quantifiable milestone nodes from developers and deployed project parties.
Application link: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1
In addition, HashKey Chain will host its first hackathon event, "Genesis," in Hong Kong on December 20, collaborating with developers, creators, and enthusiasts to explore Web3 applications and infrastructure in a compliant environment and co-build the ecosystem with developers.
4️⃣ HSK Token Economics
HSK is the native token and gas token of HashKey Chain, enjoying governance and decision-making rights within HashKey Chain. At the same time, HSK is also the ecological token of HashKey Group, used across all business scenarios of HashKey Group, carrying the value of the entire HashKey ecosystem.
HSK was listed for trading on November 26 on HashKey Global and several other leading exchanges.
The total supply of HSK is 1 billion tokens, of which 65% is used to support medium- to long-term ecological construction, 30% is allocated to the team, and 5% is reserved as a fund.
During the angel round financing at the beginning of 2024, HashKey chose equity financing instead of issuing tokens to avoid short-term market fluctuations caused by VC sell-offs, ensuring long-term development.
In the initial fundraising phase, HSK will distribute initial chips through "gifts" and "ecological rewards" (for example, through the TON ecological game DejenDog to obtain HashKey Eligible HSK reward opportunities), reducing the actual circulating market value so that those who truly love and contribute significantly with a long-term vision can participate in investment and share benefits. Additionally, to prevent value dilution caused by token rewards, HSK introduces a burn mechanism, using 20% of platform business profits to repurchase and permanently destroy HSK, ensuring a steady increase in market value.
HSK Ecological Rights:
1) Pay service fees on the HashKey trading platform:
The trading fee discounts on the platforms of the licensed virtual asset exchange HashKey Exchange in Hong Kong and the licensed virtual asset exchange HashKey Global, as well as the exemption of withdrawal fees for specific assets;
Investors can also participate in Launchpool and Launchpad within HashKey Global using $HSK, incentivizing users to participate and trade. This will, to some extent, also drive traffic and boost the price of HSK, achieving a positive feedback loop.
2) Incentives for contributors to the HashKey Chain ecosystem:
Playing a role in various aspects such as network operation, public chain governance, and incentive mechanisms of HashKey Chain, while serving as a community utility token for HashKey Chain (e.g., for games and DApps);
3) Exclusive token priority participation:
Participation in newly launched assets on HashKey Global; future trading fee discounts on HashKey DEX, exclusive token participation qualifications, etc.;
4) Payment for other service fees within the HashKey ecosystem:
Discounts on custody fees in HashKey Custody, rewards for increased node verification services in HashKey Cloud, payment of service fees in HashKey DID, and limited NFTs; HSK, as a compliant platform token, can later accommodate a large influx of traditional financial funds into the market, becoming a significant liquidity channel.
5) Cross-platform ecosystem collaboration:
For example, opportunities to earn HashKey Eligible HSK rewards through the TON ecosystem game DejenDog (http://DJDOG.io); other community activity airdrops;
6) Access to various value-added services:
Access to new products and upgraded features, publication of research reports from HashKey Capital, etc.
It can be seen that HSK is the golden shovel of the entire HashKey Group ecosystem, and the growth of all businesses within the ecosystem will directly empower HSK.
HashKey Group has always believed that open finance based on blockchain as the underlying technology is the future mainstream financial solution, continuously promoting the integration and advancement of Web3 and traditional financial markets, providing reliable virtual asset services for one billion users worldwide, making virtual assets accessible.
The launch of HashKey Chain will connect the financial infrastructure and full-stack Web3 solutions between Web2 and Web3, providing comprehensive Web3 services for global users.
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