HashKey has unveiled a new way for people to get their hands on HSK tokens by launching a community airdrop through a tap-to-earn Telegram game. The Asia-based crypto firm plans to distribute 10 million HSK tokens and encourages users to participate in the mini-game on Telegram, with the official listing of the tokens scheduled for the third quarter of this year.
The process involves logging into the DejenDog Telegram bot and completing specific tasks to claim HSK. Participants will receive a base amount of eligible HSK upon logging in, with opportunities to significantly increase their allocation through tasks such as inviting friends, subscribing to a Telegram channel, and connecting a wallet.
By tapping on a Husky-themed dog character, users can accumulate HIT points, which can be redeemed for more eligible HSK or used to access decentralized applications on HashKey’s L2 “Ecosystem Chain,” HashKey Chain. Additionally, limited “Golden Doggy Bag” blind boxes containing eligible HSK or other tokens from HSK ecosystem partners will be given away at the launch of the game.
Telegram-based games have been growing in popularity, with titles like Notcoin, Hamster Kombat, Yescoin, Tapswap, and PixelTap attracting substantial user engagement, as they typically involve tapping a button to earn in-game currency, which can later be exchanged for token airdrops.
In a report on June 24, HashKey Group provided detailed information about the upcoming release of the HSK token, including its upcoming listing, airdrop, and various utilities. The HSK token will be an ERC-20 token with a total supply of one billion units, with 65% of the tokens allocated for network growth, 30% for the team, and about 5% as reserve funds. In addition, 20% of profits from various HashKey group businesses will be used to purchase and burn HSK tokens, reducing the overall supply. The public listing of the HSK token is scheduled for Q3 2024, following the airdrop.
The team stated that HSK will be used in various scenarios, including community rewards, token pre-sales, transaction fee discounts, cross-platform ecosystem collaborations, and business activities on HashKey Global, which is currently “Hong Kong’s largest licensed virtual asset exchange.”
The recent developments are expected to support HashKey Global’s growth, as the exchange has reported increased trading volume exceeding $348 million. In January, HashKey Group announced that it raised nearly $100 million in its Series A financing round at a pre-money valuation above $1.2 billion.