HashKey Partners with Toncoin Mini-Game Catizen to Boost Web3

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As a seasoned researcher with extensive experience in the digital asset market, I find this collaboration between HashKey Group and Catizen to be an intriguing development. It’s not every day that we witness a partnership of this magnitude that aims to revolutionize GameFi and global digital entertainment architecture.

HashKey Group, a major player in Asia’s digital asset financial services, has teamed up with Catizen, a pioneering Web3 mini-game developer. This partnership makes Catizen the first Web3 collaborator for the financial service provider, aiming to shape the future of GameFi and global digital entertainment infrastructure.

HashKey Partners with TON Mini-Game Catizen

HashKey Group’s collaboration with the TON Foundation in April was pivotal for our shared goal. This partnership between HashKey and the TON Foundation focuses on cultivating the TON ecosystem, an endeavor that Catizen has also embraced. Since its launch, Catizen has successfully drawn over 29 million users from around the world.

The primary objective of this collaboration is to create and elevate gaming experiences in the Web3 domain, catering to global audiences. This upgraded service shall be accessible through HashKey Global, our licensed exchange, allowing us to establish a secure and reliable conduit for digital assets.

We are thrilled to announce our partnership with @CatizenAI as our first Web3 partner!

…….and this is only the first step; keep an eye out for future partnerships between HashKey Global and Catizen!

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— HashKey Global (@HashKey_Global) August 19, 2024

HashKey Group Innovation and Regulatory Compliance

Instead of just growing bigger, this collaboration aims at both innovation and legal adherence. Consequently, the financial services provider will supply regulation compliance and blockchain infrastructure to make sure Catizen’s digital goods are unique and comply with international standards. This support is crucial for maintaining the efficiency and stability of entertainment apps based on blockchain technology.

As a researcher involved in this project, I am thrilled about the ongoing collaboration between our financial services provider and the Ton ecosystem. Our aim is to expand our offerings in the global digital entertainment sector by delivering compliant digital asset services to a wider range of players. Alongside Catizen, we are eager to pioneer a novel approach that seamlessly merges digital finance and digital entertainment, paving the way for innovative developments in this space.

Solana, Dogecoin, and Avalanche Perp Contracts Listing

Recently, HashKey Global unveiled new perpetual trading contracts for Solana, Dogecoin, and Avalanche. This allows traders a variety of trade opportunities, with the potential to increase their positions up to 10-fold.

The latest update follows our broader strategy to extend derivative offerings, as it caters to the prevailing tendencies within the international cryptocurrency market.

Toncoin Market Reaction

In addition, a significant token destruction event has occurred within the Ton network, enhancing its overall value. So far, half of all $INVITE tokens have been destroyed, removing a total of 500 million tokens from circulation permanently. This reduction comes from several sources: 400 million tokens were from mining operations, 25 million each from project development and the community, and an additional 50 million from the ecosystem fund.

As a result, there’s been a significant boost in Toncoin’s market activity, with a 24-hour trading volume jump of approximately 154.32%, amounting to around $462,323,563. This rise suggests increased investor attention and improved market fluidity, potentially fueled by recent events. At present, Toncoin is valued at about $6.80, indicating an 8.18% climb over the past week, in line with a general upward trajectory in its market worth.

Additionally, Toncoin’s market capitalization has increased by 4.11%, putting it at around $17.1 billion. This ranks it as the eighth largest cryptocurrency globally. This growth is accompanied by an increase in its daily active users and growing influence within the crypto community due to its expanding utility.

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2024-08-19 13:04