The community questions HashKey Token HSK for not conducting the buyback and burn as outlined in the whitepaper.

BlockBeats News, April 15th, according to community feedback, it was reported that the HashKey token HSK buyback and burn records were never publicly disclosed.

According to the HSK whitepaper, HashKey adopts a burn mechanism to safeguard the intrinsic value of HSK. HashKey will regularly use 20% of the group's net profit to repurchase circulating HSK and permanently remove it from circulation. In HashKey Group's information page about HSK, the burn information for HSK states that "HashKey will have the right to extract 20% from the net profit generated by specified platform businesses as funds for repurchasing HSK, and the repurchased portion will be permanently burned."

Upon investigation by BlockBeats, the "Buyback/Burn" data on HashKey Group's HSK page was found to be 0. The HashKey exchange platform stated that it would announce the burn results on the 11th day of each quarter. HSK was launched in November 2024, and on April 11th this year, HashKey announced that the HSK token burn plan would be regularly evaluated and publicly disclosed when applicable. The community understands that currently HSK has not undergone buyback and burn.

Some believe that the reason HSK has not undergone buyback and burn is that the HashKey Group did not generate a net profit in Q1 2025, so the lack of buyback is considered a reasonable occurrence.

According to market data, HSK is currently priced at $0.3948, with a 24-hour decrease of 10.66%.