HashKey’s Innovative ‘Tap-to-Earn’ Token Distribution on Telegram

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HashKey Group, a prominent player in the crypto space, in a statement, has rolled out a unique way to distribute 10,000,000 of its native token, HSK, through a ‘tap2earn’ game on Telegram, pending listing in the third quarter of 2024. This initiative is part of their broader strategy to engage the community and promote the use of their ecosystem.

Starting July 2, users can participate in the airdrop by playing a mini-game on Telegram. The game, hosted by the DejenDog bot (https://t.me/dejendogbot), features a Husky-themed dog character that players tap to earn HIT points. These points can be redeemed for Eligible HSK tokens or used to access decentralized applications (DApps) on HashKey’s Layer 2 “Ecosystem Chain,” known as HashKey Chain.

How It Works

Participants can join the airdrop by logging into the DejenDog bot on Telegram. Upon logging in, users receive a base amount of Eligible HSK. The more friends they invite, the more tokens they can earn. For instance, inviting three friends triples the base allocation, while subscribing to the DejenDog channel (t.me/dejennews) increases it fivefold. Connecting a wallet and passing an eligibility check can boost the allocation up to 100 times.

The game itself is straightforward. Players tap on the Husky character to earn HIT points, according to the press release. These points can be exchanged for more Eligible HSK or used within the HashKey ecosystem. Additionally, limited “Golden Doggy Bag” blind boxes containing Eligible HSK or other tokens from HashKey’s ecosystem partners are available as part of the game launch.

This ‘tap-to-earn’ reward approach is very similar to the token distribution system adopted by the likes of the infamous, trending Telegram mining bots 5’s (Notcoin, Hamster Kombat, TapSwap, Pixelverse, and Yescoin) — with $NOT already launched and distributed, while the last four are yet to launch, at yet to be disclosed dates.

Tokenomics and Perks

According to the official statement, the company announced that HSK has a total supply of 1 billion tokens, with 65% allocated for ecosystem growth (i.e., community). The token will be used in various scenarios, including community rewards, exclusive token pre-sales, cross-platform collaborations, transaction fee discounts, and business growth activities on HashKey Global, the company’s flagship digital asset exchange.

Moreover, HSK aims to support on-chain users and assets on the HashKey Chain. This integration is expected to enhance the overall utility and adoption of the token within the HashKey ecosystem.

Community Engagement

HashKey’s approach to token distribution through a gamified experience on Telegram is a novel way to engage the community. HashKey is making it easier for users to participate in the airdrop and become part of their ecosystem by leveraging Telegram’s popularity and the tap-to-earn game’s simplicity.

THE $HSK #AIRDROP @HashKeyExchange announced today that they will airdrop $HSK for community, via a Telegram tap-game called @DejenDog.

So this is gonna be massive since Hashkey has just raised nearly $100M in its Series A financing round at a pre-money valuation above $1.2B.…
— Memecoin Degens (@memecoin_degens) July 2, 2024

The initiative has already garnered attention on social media, with some notable X accounts of crypto bigwigs/communities highlighting the launch, emphasizing the innovative nature of the distribution method. This move is expected to attract a significant number of participants, further boosting the visibility and adoption of HSK.

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