*1 There is room for supply to change in the future.
Breakdown of initial issuance volume
Token sale: 2,500,000
Sky hedge fund: 300,000
Liquidity supply: 200,000
$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).
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.