SKYFchain Team Inaugurates the SKYFT Smart Contract
Recently, the SKYFchain team inaugurated the SKYFT smart contract for its ongoing ICO. As a result of this development, all users on the network can transfer their SKFT tokens from their accounts, which are hosted on the skyfchain.io website, starting from 1st July 2018. Since SKYFT tokens are based on the ERC20 protocol, users must possess an Ethereum wallet before transacting in them. Also, the SKYFchain crowdsale is still open to new participants.
Lately, the SKYFchain project has undergone significant growth. By June 11, 2018, the project's token sale had surpassed its intended soft cap which was set at $5 million. Furthermore, the SKYFchain has already launched the initial version of the SKYFchain operating platform known as the MVP. This can be accessed on mvp.skychain.io.
The SKYFchain project is undoubtedly destined for greatness and will certainly revolutionize the logistics industry. Notably, the project is backed by both individual investors and corporate institutions. The realization of the soft cap before the set deadline was a result of the backing from individual traders. This is entirely understandable since deals involving massive amounts of money and large firms tend to take more time to actualize. However, with the establishment of the MVP. SKYFchain is confident that the corporate deals will start falling into place. In this regard, the SKFT token will soon be listed on popular cryptocurrency trading platforms.
To facilitate the seamless launch of the SKYFT token on crypto exchanges, the project’s team will lock a sizeable portion of the tokens, including the entire team fund, the reserve funds, the airdrop user’s fund, and the half of the development fund. Furthermore, members will get the opportunity to unlock the airdrop user’s fund by contributing a matching investment. By doing this, they will become de facto supporters of the SKYFT token, thereby boosting its performance by a substantial margin. As mentioned earlier, members need to own a mobile Ethereum wallet before requesting withdrawals on skyfchain.io.
Alexander Timofeev, the CEO of SKYFchain, is confident that the launch of the smart contract and the token sale will provide reassurance to the project’s investors. Precisely, Alexander stated that they are working on improving the blockchain and are already forging strategic partnerships with leading crypto investors as well as popular trading platforms. The CEO believes that this approach will guarantee the success of the SKYFT token when it is eventually made available on cryptocurrency exchanges.
The SKYFchain team developed a total of 1,200,000,000 SKYFT tokens which were distributed as per the following criteria:
- 44% – token sale
- 15% – network development
- 10% – Community development
- 9.5% – reserve
- 1.5% – bounty
- 20% – team
Should there be unsold tokens by the August 15, 2018, deadline, they will be destroyed.
Participants of the airdrop campaign can unlock their tokens at an earlier date. If they buy a number of tokens similar to the number of airdrops received, they can unlock the tokens six months before the set date. Additionally, they can shorten the unlocking period by purchasing a higher number of airdrop tokens.
SKYFchain is the world's pioneering Business-2-Robots operating platform in the cargo logistics sector. Essentially, this platform leverages blockchain technology to keep track of the operations conducted by cargo robots. All actions completed on the SKYFchain platform are billed in fiat currency and processed in SKYFT tokens as per the stipulations defined in the smart contract. Therefore, a higher number of transactions equates to the soaring in the value of the SKYFT token. SKYFT token owners will equitably contribute to the network’s 25% transaction fee.
SKYF will be the first cargo robot to start working on the SKYFchain network. So far, multiple of SKYF drones have already been pre-ordered by leading logistics enterprise across the globe. Before 203, SKYF intends to spend $50 million to acquire SKYFT tokens, funds that will be directly allocated towards the further development of the SKYFchain network. The emission of SKYFT tokens is complaint with the set international rules regarding blockchain networks, as well as the regulations set by the SEC.