The crypto community has been expressing concerns over the lack of transparency surrounding the buyback and burn of HashKey's native token, HKT

According to numerous user reports, no token buyback or destruction activity has been publicly reported since the token’s launch. HSK's whitepaper clearly states that HashKey Group will use 20% of its net profit to buyback and permanently remove HSK tokens from circulation

HashKey Group has come under scrutiny from the crypto community for the lack of transparency surrounding the buyback and burn of its native token, HSK.

HashKey Group has come under scrutiny from the crypto community for the lack of transparency surrounding the buyback and burn of its native token, HSK.

The project's white paper clearly outlines that HashKey Group will use 20% of its net profit to buyback and permanently remove HSK tokens from circulation, a strategy designed to preserve the token's intrinsic value.

The project's white paper clearly outlines that HashKey Group will use 20% of its net profit to buyback and permanently remove HSK tokens from circulation, a strategy designed to preserve the token's intrinsic value.

However, according to user reports, no token buyback or destruction activity has yet been reported since the token's launch.

However, according to user reports, no token buyback or destruction activity has yet been reported since the token's launch.

The HSK token information page maintained by HashKey Group itself states that the company reserves the right to use 20% of the net profits from the designated trading activities for this buyback and burn initiative.

The HSK token information page maintained by HashKey Group itself states that the company reserves the right to use 20% of the net profits from the designated trading activities for this buyback and burn initiative.

However, the current figure for HSK buybacks and burns remains at zero.

HashKey trading platform had previously committed to announcing the burn results on the 11th day of each quarter. HSK was officially launched in November 2024. On April 11, 2025, HashKey announced that the token burn program is still being regularly evaluated and that updates will be provided “when appropriate.”

The lack of buyback activity has led to speculation within the community, with some suggesting that the lack of buybacks could be due to HashKey Group not making a net profit in the first quarter of 2025, a scenario that would be in line with the terms outlined in the white paper.

The lack of buyback activity has led to speculation within the community, with some suggesting that the lack of buybacks could be due to HashKey Group not making a net profit in the first quarter of 2025, a scenario that would be in line with the terms outlined in the white paper.

News data source: kdj.com

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