HashKey Chain Mainnet launch creates a Compliance innovative financial infrastructure

HashKey Chain Mainnet officially launched, creating a financial infrastructure that balances compliance and innovation.

On December 18th, a new public chain HashKey Chain announced that its Mainnet has officially launched. This marks a significant advancement for the project in building a blockchain financial infrastructure that is both Compliance-friendly and encourages innovation, while also expanding its service scope beyond traditional Layer 2 solutions.

HashKey Chain utilizes OP-Stack technology to improve transaction speed and reduce fees, providing users with a more efficient and convenient trading experience. OP Stack is an open-source development framework composed of multiple software components, designed to create interoperable second-layer blockchain networks. It simplifies the construction process of second-layer blockchains, allowing developers to customize the network according to their needs, thereby connecting to Ethereum and sharing its security and resources.

During the testnet period opened on November 11, HashKey Chain achieved significant results: over 24.72 million transactions completed, 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 active participation from 300,000 community members.

As a developer-friendly second-layer 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 the interoperability of the ecosystem. Through Rollup technology, HashKey Chain expands the blockchain's network capacity, providing users with a smoother experience and opening up broader application scenarios for developers. In a lab environment, its testnet has achieved a maximum transaction volume (TPS) of 400, not only achieving the goal of significantly reducing transaction costs and increasing transaction throughput but also creating a more economical trading environment for users.

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

The native token HSK of HashKey Chain has launched spot trading on multiple mainstream trading platforms. As the core token of the HashKey ecosystem, HSK can be used in various scenarios such as transaction fee discounts, exclusive token pre-purchase rights, and node validation rewards. Holders will also enjoy governance and decision-making rights within 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 reserved as a reserve fund. During the initial token generation phase, the circulation amount is set at 11%, which is 110 million tokens. The remaining portion in the ecological pool will be released linearly over 48 months and distributed to community supporters and builders through ecological airdrop incentives, developer funding programs, liquidity incentives, and other means.

HashKey Chain CEO Kay stated: "The successful launch of the Mainnet is not only a significant technological breakthrough, but also the result of our team's long-term efforts. We have expanded the network capacity of the blockchain through the latest technology, 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."

Kay also emphasized that the launch of the Mainnet is of great significance to the entire HashKey Group, "HashKey Chain will connect the existing ecosystem and businesses, forming an open, globally accessible decentralized financial system, where all ecological links promote each other and jointly provide momentum and vitality for the entire group's web business landscape."

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