On April 15, according to community users' feedback, the HashKey token HSK token repurchase and destruction has never been publicly disclosed records.
According to the HSK white paper, HashKey adopts a destruction mechanism to safeguard the intrinsic value of HSK. HashKey will regularly repurchase HSK in circulation using 20% of the group's net profit and permanently remove it from circulation. In the Hashkey Group's page on HSK information, the HSK destruction information shows that "HashKey will have the right to withdraw 20% of the net profit generated by the designated platform business as funds for repurchasing HSK and permanently destroy the repurchased part."
After query, the "Repurchase/Destruction" data in the HashKey Group HSK page is 0. The Hashkey trading platform said it will announce the destruction results on the 11th day of each quarter. HSK is launched in November 2024. On April 11 this year, HashKey issued an announcement stating that the HSK token destruction plan will be regularly evaluated and announced to the public when applicable. The community understands that HSK has not repurchased or destroyed at present.
Some people say that the reason why HSK did not repurchase or destroy is that HashKey Group did not generate net profit in Q1 2025, so it is a reasonable phenomenon that no repurchase is.
According to market data, HSK is now quoted at US$0.3948, a 24-hour decline of 10.66%.
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