This month's TGE for HashKey should be considered the most milestone event in the Asian market recently and is currently the only compliant token issuance exchange in the world.
In my opinion, Hashkey has a deep layout in Web3, and their presence can be seen in almost every niche track. Some representative investments like the Ethereum Foundation, dYdX, Animoca Brands, Polkadot, and Cosmos have been very successful, incubating many native successful projects. The boss, Xiao Feng, is also quite legendary. Back in the day, when Vitalik brought the ETH white paper to China looking for investments, the early ICOs went unnoticed, and it was he who 'discovered value' and helped Vitalik secure funds to continue developing Ethereum, which has led to the ETH we have today. Returning to Hashkey's exchange business, it may be constrained by compliance and hasn't taken an aggressive approach like Bitget or Bybit for wild growth, but the compliant path will surely go further. Binance paid a $4B fine for this, which is also a necessary prerequisite for carrying large funds, and I am very optimistic about the long-term value of $HSK.
For example, during Devcon, I found that many Ethereum ecosystem projects, like Linea, chose to cooperate with local Web3 companies in Thailand by selecting Bitkub, because its advertisements are everywhere on the streets, and it is also the only compliant exchange recognized by the Thai government. Stability and sustainable operation in Web3 are invaluable.
