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Coin Edition 2025-04-15 18:45:00

HashKey Group Announces Plan for First HSK Token Buyback and Burn

HashKey Group Announces Plan for First HSK Token Buyback and Burn

HashKey plans first HSK token buyback and burn after long delays and investor concerns. No HSK tokens repurchased or burned yet despite 20% profit commitment in whitepaper. HSK price drops 11.92% but trading volume spikes 219% amid market volatility. HashKey Group plans to start the first buyback and burn of its platform token, HSK. The announcement follows investor questions about delays and transparency regarding the program. HashKey previously committed to using 20% of net profits for HSK buybacks/burns after the token launched in November 2024, but no burns have occurred yet. Community members noted the lack of public buyback records, despite HashKey stating updates would occur quarterly. The HSK token information page still shows zero tokens repurchased or burned. HashKey’s whitepaper detailed the plan to use profits to reduce HSK supply as a value-protection measure. https://twitter.com/HashKeyHSK/status/1912113834459877720 In response to growing scrutiny, the HashKey team issued a statement reaffirming their intention to follow through on the buyback plan. The group attributed the delay to its ongoing investment in regulatory compliance … The post HashKey Group Announces Plan for First HSK Token Buyback and Burn appeared first on Coin Edition .

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