An applicant seeking to list on Hash Blockchain Limited (HashKey Exchange) shall pay the application fee of USD 10,000 or equivalent, in advance, at the same time it submits its listing application form to proceed with HashKey Exchange's token review process. The application fee is non-refundable and HashKey Exchange acceptance of the application fee does not constitute approval for listing. Other than that, the applicant shall pay a one-off listing fee before it's official listing on HashKey Exchange. The listing fee will depend on the complexity of token, unique features, and deal structure which can vary significantly and will have an impact on the teams involved, expert opinion, and regulatory approval process required to evaluate. HashKey Exchange listing fees will reflect the level of effort, expertise, and resources required. The following factors will be considered in the determination of the fee.
Token Types: Tokens can have different characteristics and functionalities, such as utility tokens, security tokens, or hybrid tokens. Each type may have unique regulatory requirements, compliance considerations, and associated risks. The more complex the token type, the greater the level of scrutiny and analysis required by the exchange. This increased complexity often translates into additional work for the exchange's staff, legal experts, and regulatory advisors, which can contribute to higher listing fees.
Deal Structure Complexity: The deal structure refers to the specific terms and conditions of the token offering or issuance. Complex deal structures, such as those involving multiple tiers of tokens, intricate tokenomics, revenue-sharing mechanisms, or complex governance models, require in-depth analysis and evaluation. The exchange may need to assess the legal, financial, and technical aspects of the deal structure, potentially involving expert opinions from lawyers, auditors, or specialized consultants. The additional effort and expertise required for complex deal structures can result in higher listing fees.
Due Diligence and Compliance: Exchanges have a responsibility to ensure that listed tokens meet certain standards, comply with regulatory requirements, and mitigate potential risks for investors. The due diligence process involves extensive review, verification, and assessment of various factors, including tokenomics, legal and regulatory compliance, financial statements, business models, and security measures. The complexity and depth of due diligence work directly influence the resources and time required, which can impact listing fees.
Expert Opinion and Advisory Services: Depending on the token type and deal structure, exchanges may seek expert opinions or advisory services from legal, financial, or technical professionals. These experts provide specialized knowledge and guidance on complex aspects, such as regulatory compliance, token valuation, security audits, or smart contract reviews. The involvement of such experts adds value and ensures a thorough evaluation, but it also contributes to the overall cost, which can be reflected in the listing fees.
Considering the above, HashKey Exchange's listing fee is expected to range from USD 50,000 – USD 300,000 or equivalent for each applicant based on the above factors.
HashKey Exchange reserves the right to amend this policy and to waive certain or all fees at our discretion.