On December 5, 2024, HashKey Global announced a partnership with IoTeX, a modular infrastructure platform for DePIN (Physical Infrastructure Network), to become a Web3 partner, aiming to jointly promote the rapid development of the decentralized physical infrastructure network (DePIN) ecosystem. In this collaboration, HashKey Global will support the listing of IoTeX on chain ecosystem projects, helping DePIN projects enter the market faster and initiate a positive growth flywheel. At the same time, both parties will jointly hold a LaunchPool event to provide efficient financing and marketing channels for new projects within the IoTeX ecosystem.

IoTeX is a globally leading DePIN modular ecosystem platform and the only DePIN infrastructure platform compatible with major public chains, providing full cycle services for various DePIN projects, including infrastructure and governance tool projects. IoTeX tracks real-time DePIN project data covering a $28 billion ecosystem through its data aggregation platform DePINScan, including token market value, transaction information, connected devices, and hot news. Its innovative technological architecture, including L1 blockchain compatible with EVM, off chain computing middleware, and open hardware, has built a bridge connecting real-world data and blockchain, helping to transform personal devices into shared economic assets and realizing the value of "all things data". The IoTeX global team consists of over 60 research scientists and engineers, providing support for billions of smart devices, sensors, and dApps.

HashKey Global is the flagship global virtual asset trading platform under HashKey Group, dedicated to providing licensed and compliant virtual asset trading services to users worldwide. Holding a comprehensive license issued by the Bermuda Monetary Authority (BMA), the platform provides a variety of services including LaunchPool, contracts, and leveraged trading, and is highly trusted by users due to its secure, stable, and asset rich features.

HashKey Global will officially launch the 13th phase of Launchpool on December 4, 2024 at 4:00 PM (UTC+8), IoTeX (IOTX)， Users can pledge HSK or IOTX to participate in the 3300000 IOTX prize pool allocation. The pledge income will be calculated from 17:00 (UTC+8) on December 5th, and the event will last for 3 days. In addition, spot trading for IOTX/USDT will begin on December 5th at 17:00 (UTC+8), and IOTX's recharge and withdrawal services will also be available on December 4th and 6th respectively, providing users with a convenient trading experience.

This event also introduced invitation incentives and recharge reward mechanisms. Successfully inviting friends to participate in Launchpool can earn 90000 shares in the IOTX reward pool, and for every user successfully invited, they can receive 300 IOTX. In addition, new users who recharge IOTX during the event period and accumulate a total amount of ≥ 50 USDT on their first recharge can participate in the 20000 HSK prize pool, with a quota limit of the top 2000 and rewards available on a first come, first served basis.

HashKey Global's Managing Director Ben El Baz said, "We are confident in the potential of the DePIN track. As a leader in the field, IoTeX's technology and ecosystem layout are impressive. Through this collaboration, HashKey Global will provide global market resources and support for the DePIN project, further promoting innovation and growth in this field

Raulsen Chai, CEO and co-founder of IoTeX, stated that this strategic cooperation marks the deep integration of technology and resources between HashKey Global and IoTeX, and is also a joint commitment to the future development of the DePIN track. Both parties look forward to starting from this cooperation and working together to bring more innovative application scenarios to global users, promoting the popularization and development of decentralized IoT technology.

About HashKey Global

HashKey Global is the global flagship virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license for digital asset investor protection from the Bermuda Monetary Authority (BMA), providing mainstream trading and service products such as LaunchPool, contracts, and leverage.

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About IoTeX

IoTeX is the world's largest DePIN and AI modular infrastructure platform, building a bridge between smart devices, real-world data, and blockchain. IoTeX's data aggregation platform DePINScan provides real-time data on the token market value, transactions, connected devices, network revenue, and hot news of the DePIN project, covering the $28 billion DePIN ecosystem. As a leading provider of DePIN physical infrastructure, IoTeX promotes new distribution methods for devices, machines, and on/off chain data assets for users, transforming personal devices into a sharing economy and achieving tokenization of "everything data".

IoTeX has a global team of over 60 research scientists and engineers, combined with its EVM compatible L1 blockchain, off chain computing middleware, and open hardware, capable of connecting billions of smart devices, sensors, and dApps across the physical and digital worlds.

In the first half of 2024, IoTeX received the largest single coin financing of $50 million in the DePIN field, and its token has been opened for trading on mainstream cryptocurrency exchanges including Binance, Coinbase, and Upbit.

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