Original author: Allen Li, Cryptonews
HashKey Exchange is one of the two licensed virtual asset trading platforms in Hong Kong. In April, HashKey Global was launched to target a wider customer base. HashKey Group even said that its hypothetical competitor is Coinbase, a first-tier US company. As its exchange cluster develops better and better, this 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 and questions about the prospects of platform currency for readers.
The value of platform coins increases with the development of exchanges
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 have 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 launching $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 ecological token of the entire Hashkey Group, so we hope to make it a carrier of the entire Hashkey ecological value. 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 against Coinbase, although we are still far behind in market value, the gap in trading volume between us has been narrowing significantly.”
According to official data, as of July 24, the total transaction volume of HashKey Exchange has reached HK$450 billion.
According to CoinGeckos cryptocurrency exchange trust score ranking, HashKey Exchange and HashKey Global 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 feels that people are not worried about the volatility itself, because she is also a retail investor. She thinks that people are worried that in the case of information asymmetry, someone will manipulate the market. Volatility itself is healthy, and the industry has its ups and downs, and it is driven by career, which is normal. However, what people fear most is the soaring volatility. Some people use insider information to make money, which is actually happening all the time in the stock market.
Then Kay gave $HSK a shot in the arm: So what we did this time is to put all the information in front of everyone. When $HSK is undervalued by the market, we will actively hold it for a long time and drive the next business.
Focus on compliance and growth through diversity
In order to achieve compliance, Kay said frankly that many exchanges actually use many unconventional means to achieve growth, but HashKey will not do that. Therefore, under this natural growth, the groups growth rate is very fast. At the same time, HashKey Global has also launched the worlds 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. The Web3 ecosystem must have a compliant platform, and we have the form of tokens, which is a concept that is easier for Web3 to accept. We also cooperate with our public chain. For example, Coinbase uses Ethereum, which does not have a native token. Its empowerment of this coin is actually not a conceptual thing. Moreover, we are not just an 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 portal, or cooperate with various communities in the future.
Empowerment of platform coins
In terms of the empowerment of platform coins, Kay pointed out some expected situations, including but not limited to:
The adoption on the exchange side includes the familiar discounts on transaction fees. In addition, HashKey Global has the functions of launchpool and launchpad. In the future, $HSK can be used to buy new assets, which is very similar to Binance Coin BNB.
Exclusive airdrop activities of various exchanges.
It will be used as the native token and gas token. All subsequent ecosystems on the company’s own public chain will use $HSK as an organic connection.
The asset management launched in the future will have unique services, and you can obtain this privilege by holding $HSK.
