Dear HashKey Exchange clients,
Starting from 2023-09-01, all API trading clients can participate in HSK API trading campaign. API trading clients will need to fulfill both conditions of trading volume ranking and 30-day trading volume to get the corresponding rewards every month.
HSK rewards will be unlocked in batches after the HSK is launched, with 30% of HSK unlocked in the same month, and 10% unlocked in the following months, until all of the rewards have been unlocked. For example, if a client obtains 100,000 HSK, 30,000 HSK will be unlocked in the same month and 10,000 HSK will be unlocked every month thereafter.
Campaign period : Campaign starting on 2023-09-01 00:00 (UTC+8).
Unlocking details will be announced in the upcoming future.
Monthly Transaction Volume Ranking
|
30-Day Transaction Volume
|
HSK Reward
|
Level
|
Top 20% ranking of all API transactions among all API clients
|
Greater than 30 million USDT
|
100,000
|
S |
API transactions ranked between 20%-50% of all API clients
|
Greater than 10 million USDT
|
40,000
|
A |
API clients must meet both the API Volume Ranking and 30-Day Volume conditions to receive the corresponding monthly HSK bonus.
Campaign Rules
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Both the API trading volume ranking and the 30-day trading volume requirements need to be met concurrently..
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The event considers only the valid API trading volume of API traders (excluding related transactions). The platform reserves the right to disqualify and recover issued rewards in case of any detected cheating.
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An assessment is conducted once per calendar month (UTC+8), covering the time period from 00:00:00 on the 1st of the month to 00:00:00 on the 1st of the following month (UTC+8).
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The assessment for the initial month begins at the time of event launch indicated in this mechanism and concludes on the 1st of the following calendar month, serving as the first calculation period.
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Once the HSK event has launched, the rewards will be unlocked in batches, with 30% unlocked in the current month and 10% unlocked in the following months until all rewards are fully unlocked. For instance, if you receive 100k HSK, 30k HSK will be unlocked that month, and 10k HSK will continue to be unlocked every subsequent month until all rewards are fully unlocked. Detailed unlocking rules will be announced later.
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The trading volume of the API is settled based on the end-of-day price of the same day. The HSK reward will be distributed after the end of each calendar month.
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HashKey will adjust the assessment threshold every month within a reasonable range based on market conditions. The monthly target will be announced on a monthly basis, so please stay tuned for our announcements.
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If the HSK event is unable to go live as planned due to unforeseen circumstances, the issue will be postponed or canceled. In the event of special circumstances, appropriate plans will be developed.
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During the event, a single trader can acquire a maximum of 300k HSK.
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Please stay updated with HashKey's event announcements. HashKey reserves the right of final interpretation.
What is HSK:
If you have any questions, kindly email us at api@hashkey.com, we will get back to you as soon as possible.
For more information, please follow
HashKey Exchange Team
RISK WARNING ABOUT HSK
Please be aware that HSK is not currently listed on any exchange and there is no guaranteethat it will be listed in the future. As a result, HSK presently has no established market value.
The timeline for the potential listing of HSK remains uncertain. In the event that HSK is
successfully listed, it may be subject to various trading restrictions in accordance with
applicable regulations and laws. These restrictions may include, but are not limited to,
limiting the trading of HSK solely to individuals or entities classified as "Professional
Investors" as defined under the Securities and Futures Ordinance (SFO) of Hong Kong. The
value of HSK is subject to substantial risk and may diminish or fluctuate significantly in
response to various market conditions and other factors beyond HashKey's control. HashKey
makes no warranties, express or implied, in relation to HSK or any Rewards and disclaims
any liability relating thereto.
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