SkyUSD Tokenomics
Overview of SkyUSD
Last updated
Overview of SkyUSD
Last updated
Name：SkyUSD Ticker：SkyUSD Chain：Polygon Decimal：18 Contract：In prepration Maximum supply volume：100,000,000 (*1) Initial Issue Volume：3,000,000
*1 There is room for supply to change in the future.
Token sale: 2,500,000
Community: 1,000,000
Launchpad: 1,000,000
VC: 500,000
Sky hedge fund: 300,000
Liquidity supply: 200,000
Convertibility:
$1 per SkyUSD redemption rate is secured; the Sky hedge fund always holds a redemption reserve for redemption (except for locked SkyUSD, which is locked). (Locked SkyUSD will be put into fund management).
Risk control:
The ability to redeem tokens limits volatility and facilitates risk control compared to tokens that have no monetary backing.
Circulation as a stable currency:
Due to the above features, there are expectations that SkyUSD will be listed on exchanges and adopted as a pegged currency compared to general tokens.
When SkyUSD is redeemed, SkyUSD is burned. This ensures that the amount of SkyUSD in circulation and the redemption reserve are always in balance.