# SkyUSD Tokenomics

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.

#### Breakdown of initial issuance volume

<figure><img src="https://2955075533-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FswRvEU9ZuKEWLnvEGdFL%2Fuploads%2Fjjmo6GdcJyLGyPTEI4rv%2FWP_image_01.jpg?alt=media&#x26;token=cfbd7975-0ee6-43e2-bdff-a662e09cbc24" alt=""><figcaption></figcaption></figure>

* Token sale: 2,500,000
  * <mark style="color:green;">Community: 1,000,000</mark>
  * <mark style="color:green;">Launchpad: 1,000,000</mark>
  * <mark style="color:green;">VC: 500,000</mark>
* Sky hedge fund: 300,000
* Liquidity supply: 200,000

### Special feature <a href="#id-5s3tqwl7tah5" id="id-5s3tqwl7tah5"></a>

* 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.

### Burn mechanism

When SkyUSD is redeemed, SkyUSD is burned. This ensures that the amount of SkyUSD in circulation and the redemption reserve are always in balance.