HashKey Group Launches First HSK Token Buyback & Burn Program Amid Market Volatility

HashKey Group has announced its commitment to begin a buyback and burn program for its platform token, HSK. This initiative comes after delayed launches and investor concerns regarding transparency surrounding the program, but follows community pressure and market volatility. Despite a 20% profit commitment from net profits stated in the whitepaper, no buybacks or burns have occurred yet. The price of HSK has dropped by 11.92% following this announcement, while trading volume has surged 219%. HashKey previously highlighted the buyback and burn initiative within its whitepaper as a measure to mitigate value fluctuations. The team has been active in addressing the lack of public buyback records and the absence of information on the HSK token page. In response to growing scrutiny, the HashKey group issued a statement reaffirming its commitment to proceed with the buyback program despite delays attributed to ongoing compliance measures.