The community has questioned whether the HashKey token HSK has not been repurchased and destroyed as stipulated in the white paper

On April 15, according to community user feedback, the HashKey token HSK token repurchase and destruction has never been publicly disclosed.
According to the HSK white paper, HashKey adopts a destruction mechanism to protect the intrinsic value of HSK. HashKey will regularly use 20% of the group's net profit to repurchase HSK in circulation and permanently remove it from circulation. In the Hashkey Group's page on HSK information, HSK destruction information shows that "HashKey will have the right to withdraw 20% of the net profit generated by the designated platform business as funds for repurchasing HSK, and will permanently destroy the repurchased part."
After inquiry, the data of "repurchase/destruction" in the HSK page of HashKey Group is 0. The Hashkey trading platform said that the destruction results will be announced on the 11th day of each quarter. HSK was launched in November 2024. On April 11 this year, HashKey announced that the HSK token destruction plan will be regularly evaluated and announced when applicable. The community understands that HSK has not conducted repurchase and destruction at present.
It is argued that the reason why HSK did not repurchase and destroy is that HashKey Group did not generate net profit in Q1 2025, so the failure to repurchase is a reasonable phenomenon.