HashKey Chain Mainnet Launch: Building Compliance-Oriented Blockchain Financial Infrastructure

On December 18, a new public chain HashKey Chain announced the official launch of its Mainnet. This marks a significant advancement for the project in building a compliance-friendly and innovation-encouraging Blockchain financial infrastructure, and also signifies that its functional scope has surpassed traditional Layer 2 solutions.

HashKey Chain adopts OP-Stack technology, aiming to increase transaction speed and reduce fees, providing users with a more efficient trading experience. OP Stack is an open-source development framework composed of multiple software components, used to create interoperable Layer 2 Blockchain networks. It simplifies the construction process of Layer 2 Blockchain, allowing developers to customize the network based on their needs, thereby connecting to Ethereum and sharing its security and resources.

During the testnet period that opened on November 11, HashKey Chain achieved significant results: over 24.72 million transactions completed, more than 860,000 registered wallet addresses, an average block time of only 2 seconds, and a minimum gas fee of just 0.1 Gwei. In addition, 50 projects were successfully deployed, with 300,000 community members actively participating.

As a developer-friendly Layer 2 public chain, HashKey Chain supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Ethereum-based smart contracts and decentralized applications. This compatibility significantly reduces development difficulty and enhances interoperability within the ecosystem. Through Rollup technology, HashKey Chain expands the network capacity of the Blockchain, providing users with a smoother experience while opening up broader application scenarios for developers. In a laboratory environment, its testnet's latest transactions per second (TPS) can reach 400, not only significantly reducing transaction fees but also increasing transaction throughput, creating a more cost-effective trading environment for users.

After the launch of the Mainnet, the HashKey Chain ecosystem will focus on areas such as BTCFi, PayFi, tokenization of real-world assets (RWA), and stablecoins, aiming to build financial infrastructure that connects Web2 and Web3 and comprehensive Web3 solutions.

The project's native token HSK has started spot trading on multiple mainstream trading platforms on November 26. HSK is not only the ecological coin of HashKey Chain but can also be used in various scenarios such as discounts on transaction fees within the ecosystem, exclusive token pre-purchase rights, and node validation rewards. Users holding HSK will also enjoy governance and decision-making rights on HashKey Chain.

The total supply of HSK is 1 billion tokens, of which 65% is used to support medium and long-term ecological development, 30% is allocated to the team, and 5% is reserved as a fund. In the initial token generation (TGE) phase, the circulation is set at 11%, which is 110 million tokens. The remaining part of the ecological pool will be released linearly over 48 months after the TGE. The remaining ecological pool funds will be distributed to community supporters and builders through ecological airdrop incentives, developer funding programs (Atlas Grant), liquidity incentives, and other means.

The CEO of HashKey Chain stated: "The successful launch of the Mainnet is not only a significant technological breakthrough but also a result of our team's long-term efforts. We have expanded the network capacity of the Blockchain using the latest OP-Stack and Rollup technologies, providing users with a smoother experience while creating a secure, efficient, and convenient all-around development environment for developers, supporting them in building innovative decentralized applications on this compliance-friendly and innovation-encouraging public chain."

He also emphasized the importance of the Mainnet launch for the entire ecosystem: "HashKey Chain will connect the existing ecosystems and businesses, forming an open, globally accessible decentralized financial system, where all ecological links promote each other, jointly providing power and vitality for the entire Web3 commercial landscape."

To support developers in building the ecosystem, HashKey Chain launched the Atlas Grant program with a total amount of $50 million on December 11. This program aims to deeply explore high-quality projects in the Web3 field and provide comprehensive support to achieve rapid growth of application layer and on-chain users. The first phase of the Atlas Grant prize pool is $10 million worth of HSK tokens, selected project teams will receive non-dilutive funding support, technical guidance, collaboration opportunities, and the chance to participate in hackathons and other activities.