Presale Launching Wednesday
We’re excited to announce our presale will begin Wednesday, July 10th, 2024 at 1:00PM UTC. Presale participants will be able to claim 11.11 SKY per 1 ADA. The rest of this article will explain the full presale details.
Presale Details
The details of the SKY token presale are straightforward.
We recently released our tokenomics and announced that 25% (25,000,000) of SKY tokens are allocated for our presale. It will launch on Wednesday, July 10th, 2024, at 1:00 PM UTC. On the day of the presale, we will provide the sale portal and presale address, offering the first opportunity for supporters to receive SKY tokens.
The presale will last 48 hours and conclude on Friday, July 12th, 2024, at 1:00 PM UTC, or once the presale allocation is fully subscribed. Any unsold tokens from this 25% allocation will be reallocated accordingly. In the event the presale goes considerably unsubscribed, the team would issue a 95% refund.
Early supporters will receive 11.11 SKY tokens for each 1 ADA contributed to the presale address, translating to a fully diluted valuation (FDV) of ~8.8M ADA for Sky Protocol. For context, other competitors in the data availability ecosystem, such as Celestia and EigenLayer, are valued at $5 billion and $9 billion USD, respectively.
Participants can contribute a minimum of 50 ADA and a maximum of 25,000 ADA per wallet. SKY tokens acquired during the presale will be airdropped within 3 days after the presale ends. This maximum will be enforced if the sale is over subscribed.
SKY Utility
The SKY token is designed to offer substantial value to protocol supporters through four primary methods: Transaction Fees, Staking, Governance, and Network Operation. Detailed information about SKY’s utility can be found here.
Final Remarks
In this article, we have outlined the details of the Sky Protocol presale, which starts on Wednesday, July 10th, 2024. The presale will last for 48 hours, and shortly afterward, we will provide liquidity to the SKY/ADA pair and send SKY tokens to our early supporters.
As Cardano evolves, we are dedicated to playing a pivotal role in building technology that will be instrumental in making Cardano a leading global financial platform.
Join us in our mission to create the most advanced, open-source data availability network on Cardano and beyond.
For more information on Sky:
Disclaimer
Participation in the SKY Protocol network and acquisition or use of the SKY token should be based on a good understanding of its utility and knowledge that there is always the risk of loss involved in acquiring tokens whose utility has not yet been tested. There is no expectation of any financial return whatsoever, and the creation of the SKY token and related activity is strictly for the sole purpose of supporting research and development of this technology. All interested parties should consult with blockchain, financial and legal advisors in the countries in which they live or operate before engaging in any token related acquisition or sale activities.
