Tokenomics of SkyShell Token (SKS)
SkyShell studio mint SKS token on the XRPLedger. SKS token is be internal project currency.
Purchasing SkyShell Studio Token(SKS) involves substantial risk and may lead to a loss of a substantial or entire amount of money or other assets involved. Prior to purchasing SkyShell Studio Token(SKS), potential holders should carefully assess and take into account the risks including those listed above. A purchaser should not purchase SkyShell Studio Token(SKS) for speculative or investment purposes. Purchasers should only purchase SkyShell Studio Token(SKS) if they fully understand the nature of the SkyShell Studio Token(SKS) and accept the risks inherent to the SkyShell Studio Token(SKS).
The regulatory status of cryptographic tokens and digital assets is currently unsettled in many jurisdictions and the status of digital tokens varies among jurisdictions. It is possible that in the future, certain laws, regulations, policies or rules relating to cryptographic tokens, digital assets, blockchain technology, or blockchain applications may be implemented which may directly or indirectly affect or restrict cryptographic token holders’ right to acquire, own, hold, sell, convert, trade, or use cryptographic tokens.
The following information should be considered by the purchaser prior to making any final decisions regarding SkyShell Studio Tokens(SKS).
NOT A SALE OF SECURITY OR FIAT CURRENCY
SkyShell Studio Token(SKS) is not fiat currency and it is not intended to represent or to be linked to any fiat currency. Any reference to SkyShell Studio Token(SKS) should not be interpreted as any reference to fiat currency or asset of any kind.
This whitepaper does not constitute a prospectus or financial service offering document and is not an offer to sell or solicitation of an offer to buy any security, investment products, regulated products or financial instruments in any jurisdiction.
The SKS Token is not being structured or sold as securities representing an interest in SkyShell Studio. Owners of SKS Tokens are not entitled to any rights in the SkyShell Studio project or any of its affiliates.
Why SKS Token?
SKS Token is created for all SkyShell Studio projects. SKS Token is aiming to become the accepted form of currency that can be used to pay for and receive goods and services linked to the results of SkyShell Studio neural network.
The basic principle of SKS Tokenomics is to freeze and not to trade a large number of SKS tokens at the stock market. We will distribute our tokens only upon reaching certain conditions. The distribution of SKS tokens will take place over several phases, and each phase will be promoted on social media in advance.
What is SKS Token?
The SKS Token is a cryptocurrency that runs on the XRP Ledger (XRPL) that is blackholed, which means that its creator cannot mint more tokens or control any transactions related to SKS Token. For SKS tokens, the quantity is limited to 330 000 000, and they cannot be increased. SKS tokens burn with every transaction, causing constant deflation of the SKS cryptocurrency.
- The first phase of the token distribution ended on November 2, 2021. A snapshot was created on November 1, 2021 00:00 UTC and all trustlines that were on this snapshot eligible for receive their tokens.
- A little later on this page, we will provide a tool that will allow you to check the addresses included in this snapshot.
- The next tokens can be received via the app
- The 3d token sale is not yet determined, but it will certainly take place soon.
- SKS token has been created for all SkyShell studio network projects.
Total SKS tokens distributed
Last update: Jun 10, 2022
Airdrop Phase 1 Distribution
Distribution of 2% of all SKS tokens.
The Airdrop Phase 1 was meant to be open to everyone who created a trustline. Everybody has received 2% of SKS tokens based on existing trustlines.
Snapshot for the first Airdrop was created on November 1, 2021 at 00:00 UTC. All trustlines created by this time will receive the first Airdrop.
Airdrop Phase 2 Distribution
Distribution of 3% of all tokens.
A second Airdrop will follow the launch of a mobile app that will include a questionnaire to collect data and reward all the participants with SKS tokens.
Token distribution will be based on the number of tokens in each registered account.
SKS Token holders will receive bonus tokens. 200 SKS tokens minimum must be on the account balance to receive bonus tokens. After the mobile application is released to the public, a snapshot of the XRPL network will be created. The more SKS tokens the holder has at the time of the airdrop snapshot, the greater the airdrop bonus will be for him. We will definitely inform you in advance about the exact release date of the mobile application and the date of the snapshot creation for the second airdrop.
The mobile app will be available through Apple Store and Google Play at Q1 2022.
Airdrop Phase 3 Distribution
Distribution of 5% of all tokens.
For the third phase of the Airdrop, the rules are the same as for the second phase. After the successful completion of Airdrop Phase 2 the additional conditions for Airdrop Phase 3 will be announced.
DEX Distribute Phase 1-2-3 Distribution
The first phase was launched at the same time as the project.
Upon gradually reaching the major milestones, the second and third phases of DEX will be launched.
SMM, Data Rewards & App Promotion
We plan to use these tokens to reward all participants in the SkyShell Studio project. In this regard, we have reserved a large chunk of tokens for distribution gradually over a 6 month period or more.
Team tokens are the tokens that belong to the SkyShell Studio project team. The team tokens have some restrictions that imply that they can be used by the SkyShell Studio team once they reach Milestone Phase 3. Furthermore, each team member can exchange or trade SKS tokens up to 5% of the total share available per month.
Reserve tokens are those tokens that have been frozen for the longest period of time. Their use will be possible only when our project proves to be commercially successful. We may need to use the reserve tokens for emergencies and to fund future projects.