HashKey, a significant player in the crypto space, has allocated 300 million of its 1 billion native tokens (HSK) to team incentives with a 36-month unlocking plan post-token launch. The firm stated that this allocation is to support the growth of its ecosystem, covering areas like licensed exchanges, investment services, tokenization, and infrastructure. Tokens can be used for exchange fee payments, trading discounts, and community incentives.
The unlocking period includes a 3-month lock-up followed by a 35-month linear release. HashKey clarified that current and former employees must adhere to token management policies, and resignation doesn’t permit early or full token unlock to prevent system abuse.
This 30% allocation has mixed implications for investors. On one hand, it’s a common practice to incentivize the team and align their interests with the project’s success, and the long unlocking period shows the team’s commitment to long-term development and reduces the pump-and-dump risk. On the other hand, a large allocation for insiders means fewer tokens in circulation. When the lock-up ends and tokens unlock, the team might sell for profit, increasing supply and potentially lowering prices. So, investors need to monitor the unlocking timeline and project milestones.
According to CoinGecko, HSK has seen a 9.4% dip in the past day, trading at $1.31 currently. It has had a nearly 20% rise in the past week and a fully diluted valuation of $1.3 billion, though the circulating supply details remain unknown.
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