Question 1

What is HSK?

Accepted Answer

HSK is HashKey Group's functional platform token and uses the Ethereum ERC-20 standard. It is used to connect services, incentives, and network-use cases within the HashKey ecosystem, and does not represent company equity or dividend rights. Therefore, holding HSK provides the token's functions under applicable platform rules, rather than ownership of the group's operating assets. Whether particular functions can be used and which users they apply to remain subject to the rules of the relevant product and region.

Question 2

What can HSK be used for?

Accepted Answer

Disclosed uses of HSK include paying platform service fees, obtaining trading-fee discounts, and participating in ecosystem incentives; some ecosystem services may also offer priority access to new-product notifications or research content. These uses each occur under the rules of the relevant service or activity: fee discounts require that the corresponding service accept HSK, and ecosystem rewards require meeting the eligibility and distribution conditions of the activity. Therefore, disclosed uses should not be understood as fixed benefits automatically applicable to all services and all accounts.

Question 3

What is the relationship between HSK and HashKey Chain?

Accepted Answer

HSK is defined as the native token and Gas token of HashKey Chain. When users initiate transfers or call smart contracts on the chain, network processing of the operation incurs Gas costs, and HSK is used in this role to pay those costs. Gas pays for on-chain computational and processing resources, rather than the transfer amount itself. The final cost of an operation depends on the resources it consumes and the network pricing applicable at that time; HSK being a Gas token also does not mean that all HashKey ecosystem services settle on-chain.

Question 4

How are HSK supply and allocation arranged?

Accepted Answer

HSK has a fixed maximum supply of 1 billion tokens. Of this amount, the ecosystem growth pool accounts for 65%, the team pool for 30%, and the reserve fund for 5%. These proportions describe the allocation direction of the maximum supply, rather than the number already in circulation at a particular point in time. The ecosystem growth pool serves ecosystem development and incentives, while the team pool and reserve fund correspond to different reserved uses. When understanding supply, maximum supply, allocation across pools, and tokens actually entering circulation should be distinguished; they are not the same measure.

Question 5

How do ecosystem rewards and repurchases and burns affect circulation?

Accepted Answer

HSK in the ecosystem growth pool can be used to incentivize users, contributors, and ecosystem partners. Rewards are distributed after relevant activity or contribution conditions are met; when allocated tokens become tradable, the number of tokens in circulation may increase. Official disclosures also state that HSK will be periodically repurchased from circulation and burned. Repurchases and burns reduce the circulating tokens that are burned, but do not change the fixed maximum supply cap of 1 billion tokens; nor can they guarantee a one-to-one equivalent relationship with any reward distribution.

Question 6

What should be noted when using or transferring HSK?

Accepted Answer

Before using HSK, its ERC-20 form and the use case for the native Gas token on HashKey Chain should be distinguished. Both are related to HSK, but when receiving assets or paying network fees, the network and asset form explicitly supported by the target platform must be used. Before transferring, the recipient's supported network, address format, and minimum requirements need to be checked; if networks do not match, an asset with the same name may still fail to be credited as expected. On-chain Gas fees also require reserving HSK that can be used for operations on that network.

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