HashKey Chain Mainnet launched to create a Compliance-driven innovative on-chain financial infrastructure.

HashKey Chain Mainnet officially launched, creating a Compliance on-chain financial infrastructure.

On December 18, HashKey Chain officially announced the launch of its Mainnet, marking significant progress in building a compliant and innovation-encouraging on-chain financial infrastructure, while also expanding its service scope beyond traditional L2 solutions.

HashKey Chain adopts OP-Stack technology, aimed at increasing transaction speed and reducing fees, providing users with a more efficient trading experience. OP Stack is an open-source development framework composed of multiple software components used for creating interoperable L2 blockchain networks. It simplifies the construction process of L2 blockchains, allowing developers to customize networks according to 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, over 860,000 wallet addresses registered, an average block time of 2 seconds, gas fees as low as 0.1 Gwei, 50 projects successfully deployed, and active participation from 300,000 community members.

As a developer-friendly L2 public chain, HashKey Chain supports the Ethereum Virtual Machine (EVM), enabling developers to easily migrate Ethereum-based smart contracts and DApps. This compatibility greatly reduces development difficulty and enhances ecological interoperability. Through Rollup technology, HashKey Chain expands the network capacity of the blockchain, providing a smoother user experience and broader application scenarios. In a laboratory environment, its testnet can achieve a maximum TPS of 400 tps, which not only significantly reduces transaction costs but also increases transaction throughput, creating a more cost-effective trading environment for users.

After the Mainnet launch, the HashKey Chain ecosystem will focus on tracks such as BTCFi, PayFi, RWA, and stablecoins, dedicated to building financial infrastructure and full-stack Web3 solutions that connect Web2 and Web3. This not only showcases HashKey Chain's unique competitive advantages but also reflects its mission and determination as an industry pioneer.

The native token HSK of HashKey Chain has started spot trading on multiple mainstream trading platforms on November 26. As an ecosystem token, HSK can be used in various scenarios such as transaction fee discounts within the ecosystem, exclusive token purchase priority, node validation rewards, and holders will also enjoy governance and decision-making rights of HashKey Chain.

The total supply of HSK tokens is 1 billion, of which 65% is used to support medium- and long-term ecological construction, 30% is allocated to the team, and 5% is reserved as a reserve fund. During the initial token generation phase, the circulating supply is set at 11%, totaling 110 million tokens, with the other parts of the ecological pool released linearly over 48 months. The remaining portion will be distributed to community supporters and builders through ecological airdrop incentives, developer Grant programs, liquidity incentives, etc., to ensure long-term sustainable ecological development.

Kay, 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. Through advanced OP-Stack and Rollup technology, we provide users with a smoother experience and create 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."

Kay further emphasized the importance of the Mainnet launch for the entire group: "HashKey Chain will connect the existing ecosystem and businesses, forming an open, globally accessible decentralized financial system, where various ecosystem links promote each other and collectively provide power and vitality for the entire group's Web business landscape."

To support developers in building the HashKey ecosystem, HashKey Chain launched a $50 million Atlas Grant program on December 11. The program aims to discover high-quality projects in the Web3 space and provide comprehensive support to promote rapid growth in the application layer and on-chain users. The first phase of the Atlas Grant prize pool is $10 million in HSK Token, and selected project teams will receive non-dilutive funding support, technical guidance, collaboration opportunities, and the chance to participate in various events.