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Sky Web3 Vision
  • 💎Sky Web3 Vision
  • 🔷Phase 1. Sky Hedge Fund
    • Sky Membership Pass NFT
      • NFT utility
      • INO Overview
      • INO Whitelist
  • 🔷Phase 2. SKY STOCKS
    • SKY Tokenomics
      • Utility
      • veSKY
      • Initial Airdrop
      • Timeline after launch
    • Bribe
      • Token White List
      • Gauge
  • 🔷Phase 3. Sky Dollar
    • SkyUSD Tokenomics
      • About conversion
      • SkyUSD utility
      • SkyUSD additional issuance and profit sharing
  • Roadmap
  • Q&A
  • Links
  • Security
  • Brand asset
  • Disclaimer
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  1. Phase 3. Sky Dollar
  2. SkyUSD Tokenomics

About conversion

SkyUSD's greatest feature and unlimited possibilities.

SkyUSD is always convertible into legal tender or stable coins as determined by Sky Web3 Vision, with a guaranteed redemption rate of $1 per GemUSD.

1 SkyUSD = $1.00

Mechanism

The market may drop below 1 SkyUSD = $1.00 due to dynamic changes in the buyer-seller balance. In that case, buyers who acquired 1 SkyUSD below $1.00 will naturally be under buying pressure to redeem their SkyUSD to earn a profit margin, and the market price will return to $1.

This simple feature opens up many possibilities for holding, using, and locking in SkyUSD and opens up a whole new and exciting experience for all users.

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Last updated 1 year ago

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