HashKey plans to distribute native token through tap-to-earn Telegram game

HashKey Group, an Asia-based cryptocurrency financial services firm, officially launched a community airdrop today for its platform token, HSK, with a planned listing in the third quarter of this year.

The company said in a statement on Tuesday that users can now claim HSK by logging into a Telegram bot called “DejenDog” and completing designated tasks. Users can also play the DejenDog tap-to-earn mini-game on Telegram to earn additional points for token redemption. HashKey plans to distribute a total of 10 million HSK tokens before its planned listing.

“By tapping on the Husky-themed dog character, users will earn HIT points, which can be redeemed for more eligible HSK,” HashKey said in the release.

Telegram games have gained popularity recently, with the likes of Notcoin, Hamster Kombat, Yescoin, Tapswap and PixelTap receiving much traction. Many of these projects are designed for users to tap a button and earn in-game currency for token airdrops at a later date.

HSK token supply and utility

HSK is a token designed to be based on the ERC-20 standard, with a total supply of one billion units. The firm said in an announcement earlier this month that about 65% of the supply would be allocated for ecosystem growth, 30% to the staff and 5% to a reserve fund.

“HSK will be used in a wide range of scenarios, including community rewards, exclusive token pre-sales rights, cross-platform ecosystem collaborations, transaction fee discounts and business growth activities on HashKey Global, the global flagship digital asset exchange,” the company added. 

HashKey Group’s core businesses include HashKey Capital, HashKey Cloud, HashKey Tokenisation and HashKey NFT. It also operates HashKey Exchange, a licensed crypto exchange in Hong Kong, and HashKey Global, a global exchange launched in April. 

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.