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HashKey Group plans to start the first buyback and burn of its platform token, HSK. The announcement follows investor questions about delays and transparency regarding the program. HashKey previously committed to using 20% of net profits for HSK buybacks/burns after the token launched in November 2024, but no burns have occurred yet.
Community members noted the lack of public buyback records, despite HashKey stating updates would occur quarterly. The HSK token information page still shows zero tokens repurchased or burned. HashKey’s whitepaper detailed the plan to use profits to reduce HSK supply as a value-protection measure.
In response to growing scrutiny, the HashKey team issued a statement reaffirming their intention to follow through on the buyback plan. The group attributed the delay to its ongoing investment in regulatory compliance …
The post HashKey Group Announces Plan for First HSK Token Buyback and Burn appeared first on Coin Edition.
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