HashKey Chain Mainnet officially launched, creating compliance-oriented on-chain financial infrastructure

Recently, a new public chain HashKey Chain announced that its Mainnet has officially launched. This important development marks a key step for the chain in building a compliance-friendly and innovation-encouraging on-chain financial infrastructure, while also indicating that its service scope has surpassed traditional L2 solutions.

HashKey Chain is based on OP-Stack technology, dedicated to improving transaction speed and reducing fees, providing users with a more efficient and convenient trading experience. OP Stack is an open-source development framework composed of various software components used to create interoperable L2 blockchain networks. It simplifies the construction process of L2 blockchains, allowing developers to customize L2 networks according to their needs, thereby connecting to Ethereum and sharing its security and resources.

During the previous testnet phase, HashKey Chain has accumulated over 24.72 million transactions, with more than 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 300,000 community members actively participating.

As an L2 public chain that is extremely friendly to developers, HashKey Chain supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Ethereum-based smart contracts and DApps. This compatibility greatly reduces development difficulty and improves ecological interoperability. Through Rollup technology, HashKey Chain has expanded the network capacity of the blockchain, making the user experience smoother and providing developers with broader application scenarios. In a laboratory environment, its testnet has achieved a maximum TPS of 400 tps, not only achieving the goal of significantly reducing transaction costs and increasing transaction throughput but also providing users with a more cost-effective trading environment.

The HashKey Chain ecosystem after the Mainnet launch focuses on tracks such as BTCFi, PayFi, RWA, and stablecoins, aiming to create a financial infrastructure that connects Web2 and Web3, as well as a full-stack Web3 solution. This not only reflects HashKey Chain's unique competitive advantages but also demonstrates its mission and determination as an industry pioneer.

The HashKey Chain's native ecological token HSK has recently been launched for spot trading on multiple mainstream exchanges. HSK is also the token for the entire ecosystem, applicable in a wide range of scenarios such as discounts on transaction fees within the ecosystem, exclusive priority purchasing rights for tokens, and rewards for node validation. HSK holders will also enjoy governance and decision-making rights within the HashKey Chain.

The total supply of HSK tokens is 1 billion, of which 65% is used to support medium- to long-term ecological construction, 30% is allocated to the team, and 5% is set aside as a reserve fund. In the initial Token Generation Event (TGE) phase, the circulating supply is set at 11%, totaling 110,000,000 tokens, with the remaining portion of the ecological pool being released linearly over 48 months after the TGE. This distribution method aims to ensure that the issuance of HSK is more transparent and fair, guaranteeing a long-term and sustainable ecology.

Kay, the CEO of HashKey Chain, stated: "The successful launch of the Mainnet is not only a significant technological breakthrough but also the result of our team's long-term hard work. By expanding the blockchain's network capacity with the latest OP-Stack and Rollup technologies, we provide users with a smoother experience and create a secure, efficient, and convenient all-around development environment for developers, helping them build disruptive decentralized applications on this compliance-friendly and innovation-encouraging public chain."

In addition, Kay emphasized the significant importance of the Mainnet launch for the entire ecosystem: "HashKey Chain will link existing ecosystems and businesses together, forming an open and decentralized financial system accessible to everyone globally, with all ecological links promoting each other and jointly providing nourishment and vitality for the entire Web business landscape."

In order to further support developers in building ecosystems, HashKey Chain has launched a $50 million Atlas Grant program aimed at deeply exploring high-quality projects in the Web3 field and providing comprehensive empowerment to achieve exponential growth for application layer and on-chain users. The first phase of the Atlas Grant prize pool is $10 million in HSK Tokens, and the recipient project teams will receive non-dilutive funding support, technical guidance, collaboration opportunities, and chances to participate in hackathons and other activities.