CandleFocus

Here’s what HashKey’s 30% token allocation for staff could mean for investors

Crypto exchange HashKey has allocated 300 million tokens to team incentives, with a 36-month unlocking period after the launch of its native token HSK. This allocation is meant to support the growth of HashKey's ecosystem and will be used for various purposes such as licensed exchanges, investment services, and tokenization. The unlocking period reduces the risk of a pump-and-dump and aligns team members' interests with the project's success. However, it also means fewer tokens are in circulation, and when the lockup period ends, team members could potentially sell their tokens, increasing supply and potentially lowering prices. Investors need to monitor the unlocking timeline and project's development milestones.

Related News