HashKey Chain Mainnet officially launched, creating a compliant on-chain financial infrastructure

Recently, a new type of public chain officially announced the launch of its Mainnet. This marks a key step for the public chain in building a compliance-friendly and innovation-encouraging on-chain financial infrastructure, and also means that its service scope has surpassed traditional L2 solutions.

This public chain is based on OP-Stack technology, aimed at increasing 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, the public chain achieved 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 extremely developer-friendly L2 public chain, it supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Ethereum-based smart contracts and DApps. This compatibility greatly reduces development difficulty and enhances ecological interoperability. As a Layer 2 solution, this public chain expands the blockchain's network capacity through Rollup technology, making the user experience smoother and providing developers with broader application scenarios. In a laboratory environment, its testnet's latest TPS can reach 400 tps, not only achieving the goals of significantly reducing transaction fees and increasing transaction throughput, but also providing users with a more cost-effective trading environment.

After the launch of the Mainnet, the public chain ecosystem focuses on tracks such as BTCFi, PayFi, RWA, and stablecoins, aiming to build a financial infrastructure that connects Web2 and Web3 and a full-stack Web3 solution. This not only reflects its unique competitive advantages but also highlights its mission and determination as an industry pioneer.

The ecological native token of this public chain has been launched for spot trading on multiple mainstream trading platforms. This token is also the ecological coin of its parent group, which can be applied in a wide range of scenarios such as trading fee discounts within the ecosystem, exclusive token priority purchase rights, and node validation rewards. Holders will also enjoy governance and decision-making rights of the public chain.

The total supply of the token 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. In the Initial Token Generation (TGE) phase, the circulation is set at 11%, totaling 110,000,000 tokens, with the other parts of the ecological pool released linearly within 48 months after TGE. The remaining portion of the ecological pool after TGE will be fully distributed to community supporters and builders through ecological airdrop incentives, developer grant programs, liquidity incentives, and in various business scenarios. This approach ensures that the issuance of tokens is more transparent and fair, guaranteeing a long-term and sustainable ecosystem.

The CEO of the public chain stated: "The successful launch of the Mainnet is not only a significant technological breakthrough but also the result of our team's long-standing hard work. By utilizing the latest OP-Stack and Rollup technologies to expand the blockchain's network capacity, we enhance the user experience and create a safe, efficient, and convenient all-encompassing development environment for developers, enabling them to build disruptive decentralized applications on this compliance-friendly and innovation-encouraging public chain."

In addition, the CEO mentioned the significant importance of the successful launch of the Mainnet for the entire group: "This public chain will connect the existing ecosystem and businesses of the group, forming an open, decentralized financial system accessible to everyone on a global scale, where all ecological links promote each other and collectively provide nutrients and vitality for the entire group's Web business landscape."

To support developers in building the ecosystem, this public chain has launched a $50 million developer support 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 prize pool is $10 million in tokens, and the recipient project teams will receive non-dilutive funding, technical guidance, collaboration opportunities, and chances to participate in hackathons and other events.