- HashKey delays HSK’s Token Generation Event to ensure a launch aligned with better market conditions.
- HashKey fosters community engagement with monthly meetups and expanded voting opportunities for HSK holders.
HashKey has released an update to HSK holders on their strategy and development, highlighting the importance of patience and strategic thinking in light of the present market conditions.
Based on their official release, HashKey has been actively interacting with the community and evaluating the underperformance of the crypto market over the last three months. To make sure the launch fits better with more favorable market conditions, they have decided to postpone HSK’s Token Generation Event (TGE).
This decision places a high priority on HSK’s long-term value over hurried postings that might not be in the community’s best interests, supported by conversations with their partners and centralized exchanges.
Dear HSK Community,
We have been actively communicating with HSK holders recently. To enhance and maximize the long-term value of HSK, we are excited to share our recent reflections after carefully assessing the current crypto market conditions and widely seeking community…
— HashKey HSK (@HashKeyHSK) October 15, 2024
Strategic Approach to Ensure HSK Optimal Launch
The statement emphasizes numerous important upcoming actions for the HSK initiative. HashKey is waiting for a potential market spike predicted for the end of the year while expanding its infrastructure and ecosystem.
This strategic orientation seeks to guarantee optimal launch of HSK, therefore releasing its full potential when the time is appropriate. The strategy of HashKey emphasizes a dedication to safeguarding the long-term interests of its owners even in the present state of the market.
Notwithstanding these obstacles in the market, the HSK project has made consistent development. Showing its strong industry network, HashKey has partnered with more than 100 top companies, including Chainlink and Uniswap.
In order to provide community members more chances for deeper involvement, HashKey also planned side events during well-known blockchain conferences, including KBW, WebX, and Token50. As a big advancement, HashKey Chain—expected as a Layer 2 public chain—keeps advancing in its expansion.
The team also works to increase the useful uses of HSK and support a more engaged community. This is clear from events like monthly community meetings, which give both online and physical users a forum to discuss their viewpoints.
Enhanced voting rights and chances will also help the community, thereby strengthening the sense of ownership among HSK holders.
Beside that, a CNF prior report highlighted that Chainlink (LINK) and Avalanche (AVAX) have lately been approved for retail investors listing by HashKey Exchange. This permission lets Hong Kong’s regular investors diversify their crypto investments free from legal consequences.
