Skyward Finance Token Sale: Here Is What You Need To Know
Skyward Finance has just launched on NEAR Protocol as the Ecosystem’s premier project launch pad. As a fully decentralized launch platform, projects inside of the NEAR Ecosystem can launch tokens and allow for price discovery in a fair and reliable manner.
“Skyward Finance is a fully permissionless open sourced launchpad that allows projects to launch their tokens without any liquidity with the best price discovery mechanism that’s resistant to bots and sybil attacks.”
Built by an anonymous team, the Skyward token sale goes live from July 1st to July 7th. Here is what you need to know:
The Skyward Token Sale is a Tiered Sale that begins on July 1st, and will run through December 7th. Each Tier offers a percentage of Skyward tokens that can be purchased in NEAR or wNEAR.
As depicted in the infographic above, the Skyward Finance Token Sale is spread over six months, and offers a host opportunities. Investing in the Skyward Token means that you are investing in the future of NEAR’s first decentralized launch pad — and as a result will share in the revenue generated from such launches going forward.
What is the Skyward Token Used For?
As explained in the FAQ by the Skyward Team, the $SKYWARD token is a native fungible token on NEAR Protocol that has a maximum total supply of 1 million tokens. $SKYWARD is used as a token to grant ownership rights to a portion of the Skyward Treasury Balance — something that takes a small portion of rewards from every project launching on top of Skyward going forward.
Token distribution is explained fully on the FAQs page:
$SKYWARD is a native fungible token of Skyward Finance platform with a total supply of 1,000,000 (1 million) tokens.
“90% of $SKYWARD tokens are going to be sold through the open auctions on the skyward platform, proceeds from which are deposited directly to the Treasury in addition to fees collected on a platform. The Treasury also receives 1% fee from every sale.”
The remaining 10% of $SKYWARD tokens, not sold during the sale, are reserved for Founders, Early Adopters, and for Ecosystem Rewards.
How is Skyward Finance Different From Other Launch Platforms in Crypto?
Unlike other Launch Platforms that oftentimes focus on short term gains, uneven distributions or hacks, Skyward is built to provide time-based auctions that are resistant to front-running, price manipulations, and sybil attacks. Like most projects built on NEAR, it is technical innovation at its finest.
“Skyward Finance’s goal is to provide mechanisms for initial price discovery and token distribution through a streaming time-based auctions that are accessible to the general public in a decentralized way, while being resistant to front-running, price manipulations, and sybil attacks. Skyward Finance will issue a token that allows the community to become the part of the platform and get the corresponding part of the revenue.”
Join the Skyward Community
If you are interested in participating in the token sale, or have any questions don’t hesitate to reach out to the community and team of Skyward Finance!
- @SkywardFinance on Twitter
- Skyward Finance on Github
- Skyward Flight community on Telegram
- Skyward Finance Announcement channel on Telegram
