HashKey Platform Token

hsk
Rank #577•
CoinYQ Dossier

HSK began with a promise to turn activity into access

The EcoPoints name made HSK sound like a loyalty balance, but its path had several distinct stages: a token announcement in 2023, conditional campaign credits in 2024, transferable exchange trading, and finally a gas role on HashKey Chain.

Points came before transferable tokens

HashKey announced HSK as EcoPoints on April 11, 2023 and said it would distribute incentives without a private or public fundraising sale. The name identified the HSK project; it did not make every later campaign point an ERC-20 token.

In 2024, some users earned HIT points or balances called Eligible HSK. Those instruments could convert to transferable HSK only after campaign conditions were met, so earning a point did not itself establish ownership of HSK at an Ethereum address.

Trading followed the campaign stage

HashKey Global opened HSK deposits on November 7, 2024, HSK/USDT trading on November 26 at 10:00 UTC and withdrawals on November 27. These separate dates mark the move from campaign accounting to a transferable market asset.

The token's service uses are not universal holder rights. A 2026 policy describes fee payment or discounts, research and early access as potential, product-specific benefits, while the Hong Kong listing that began February 25, 2026 was limited to eligible professional investors.

HashKey Chain added a separate gas role

HashKey Chain launched on December 18, 2024 and uses HSK as its native gas asset. That protocol role differs from exchange campaigns, account rewards and service discounts even though all of them use the HSK name.

HashKey also promotes chain governance and node rewards, but the reviewed material does not define immutable proposal thresholds, binding scope or a guaranteed direct vote for every HSK balance. Those claims should remain distinct from the confirmed gas use.

One billion is an accounting ceiling

The implementation began with accounting shares of 650,000,000 HSK for the ecosystem, 300,000,000 for the team and 50,000,000 for the reserve. At the September 5, 2026 snapshot, the remaining counters were 404,999,997, 200,039,997 and 49,999,997 HSK respectively.

The contract still returned totalSupply of exactly 1,000,000,000 HSK because unallocated shares remain in that accounting. The current page reports about 245 million ecosystem HSK and 99.96 million team HSK released, with the reserve and repurchase/burn line at zero; that display is neither circulating supply nor proof that no historical burn occurred.

The company, token and administrator layers are separate

HashKey Token Limited is the named issuer. At the September 5, 2026 snapshot, 3-of-5 Safe 0x6319563fd2b6ac5dbd5c946e74f9dad60d028f22 owned the proxy and could appoint pausers or upgraders, replace the implementation and transfer proxy ownership. Separate 3-of-5 Safe 0xb321dec8b39b54a740bbd0fbbd14d48fa9cc8f65 owned the implementation and could grant ecosystem, team, reserve and blacklist roles. The legal identities of the signers were not verified.

HashKey Holdings Limited is separately listed as 3887.HK. Reviewed official materials document no HSK holder entitlement to its equity, company assets, dividends or redemption. They agree that company funds linked to 20% of profit support HSK repurchases, but conflict on cadence and basis: the current page says total semi-annual Group profit, the 2026 information disclosure says total quarterly profit, and Whitepaper 2.0 says Group net profit and describes periodic repurchases. The rewards policy's use of “dividend” refers to HSK fee revenue distributed among companies inside the corporate group, not a dividend paid to token holders.

How the project changed

  1. 2023-04-11
    HSK is introduced as EcoPoints

    HashKey announces incentive distribution and says there will be no private or public fundraising sale.

  2. 2023-11-01
    The exchange adopts HSK

    HashKey presents fee discounts and possible access to future asset issuance as platform benefits.

  3. 2024-07
    Campaign points precede transferable HSK

    DJDOG distributes conditional HIT points and Eligible HSK balances whose conversion depends on campaign rules.

  4. 2024-11-26
    Transferable HSK begins trading

    The HSK/USDT market opens on HashKey Global at 10:00 UTC.

  5. 2024-12-18
    HashKey Chain launches

    The Layer 2 mainnet begins using HSK as its native gas asset.

  6. 2026-02-25
    Hong Kong access remains restricted

    HashKey Exchange opens HSK trading only to eligible professional investors.

  7. 2026-04-16
    Issuer and reward policy are disclosed

    HashKey names HashKey Token Limited and describes monthly ecosystem reward categories.

Evidence and primary sources

Last evidence review: 2026-09-05

What is HashKey Platform Token?

HashKey Platform Token (HSK) is an upgradeable, 18-decimal ERC-20 on Ethereum and the native gas asset of HashKey Chain. EcoPoints was the name used when HashKey announced HSK; later HIT points and Eligible HSK were conditional campaign instruments rather than transferable HSK already held by users.

What problem does HashKey Platform Token solve?

HashKey presented HSK as a common reward and service token across its exchange, investment, tokenisation and infrastructure products. Its early campaigns linked user activity to possible future HSK allocations, subject to campaign conditions and platform decisions.

How does HashKey Platform Token work?

Authorised implementation roles allocate HSK from ecosystem, team and reserve accounting shares. Transferable HSK pays HashKey Chain gas and may qualify for product-specific benefits. A separate proxy owner appoints pausers and upgraders, while the implementation owner grants allocation and blacklist roles.

Key facts

  • The canonical Ethereum proxy is 0xe7c6bf469e97eeb0bfb74c8dbff5bd47d4c1c98a, and HSK uses 18 decimals.
  • The contract reports a maximum accounting supply and current totalSupply of exactly 1,000,000,000 HSK; this is not the circulating supply.
  • Initial accounting shares were 650,000,000 HSK for the ecosystem, 300,000,000 for the team and 50,000,000 for the reserve.
  • HSK was announced as EcoPoints, but HIT points and Eligible HSK used in 2024 campaigns converted to transferable HSK only when their conditions were met.
  • HashKey Global opened HSK/USDT trading on November 26, 2024 at 10:00 UTC, after deposits opened November 7 and before withdrawals opened November 27.
  • HashKey Chain launched on December 18, 2024 and uses HSK as its native gas asset, a role distinct from exchange rewards.
  • At the September 5, 2026 snapshot, proxy-owner Safe 0x6319563fd2b6ac5dbd5c946e74f9dad60d028f22 controlled proxy administration, while implementation-owner Safe 0xb321dec8b39b54a740bbd0fbbd14d48fa9cc8f65 controlled allocation and blacklist roles; each required 3 of 5 owners.
  • HashKey Token Limited is the named issuer. Reviewed official materials document no HSK holder entitlement to HashKey Holdings equity, company assets, dividends or redemption.
  • The 300 million HSK team allocation was locked at the token generation event, followed by a three-month lock-up and a published schedule of even release over 36 months.

Official links

Frequently asked questions

Are EcoPoints and HSK the same thing?

EcoPoints was the launch name for HSK. HIT points and Eligible HSK used in later campaigns were preliminary balances that could become transferable HSK only after the stated conditions were met.

Can HSK accounts be frozen?

Yes. An authorised blacklist role can block listed accounts from transfers, approvals, permits and burns, and a proxy pauser can stop token operations globally.

Can the token contract change?

Yes. The proxy owner can authorise upgraders that replace the implementation, and it can also transfer proxy ownership.

Are all one billion HSK circulating?

No. The one-billion totalSupply includes large ecosystem, team and reserve shares that remained unallocated in the contract accounting at the September 5, 2026 snapshot.

What can HSK be used for now?

HSK pays gas on HashKey Chain and may provide fee payment, discounts, research or early-access opportunities under the rules of a particular HashKey product. Those benefits are described as potential and can change.

Do HSK holders receive 20% of HashKey profit?

No. Official materials describe company-funded repurchases linked to 20% of profit, not a dividend or direct holder payment, and they conflict on the profit basis and cadence.

Is HSK a share in HashKey Holdings?

No documented holder entitlement was found. HashKey Holdings shares trade separately as 3887.HK, while the reviewed official HSK materials document no equity, company-asset, dividend or redemption right for HSK holders.

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