SKYFchain Team Deploys the SKYFT Smart Contract
SKYFchain team launched the ICO smart contract. All investors can transfer their SKYFT tokens from their investors’ accounts on skyfchain.io to their crypto wallets starting from July, 1. The SKYFT are ERC-20 tokens; you need Ethereum wallet to withdraw them. Our ICO is still live, and you can join us at the new level of confidence.
SKYFchain project is a very dynamic startup growing by leaps and bounds. On the 11th of June, the SKYFchain’s ICO has reached its Soft Cap of $5 million. We have released the MVP; the first version of SKYFchain Operating Platform is available on mvp.skyfchain.io.
We are entirely sure the SKYFchain will be a great success and help transform the logistics industry. We have received a great deal of interest and support both from individual and corporate investors. While we have reached the Soft Cap mainly through the support of smaller investors, the more significant funds and corporations are naturally slower, and quite a few negotiations are still open. Now with the smart contract and MVP in place, we plan to fix essential deals in the following weeks, supporting SKYFT launch at crypto exchanges.
To the same goal of supporting SKYFT at launch, we lock a substantial part of tokens: the full team fund, the whole reserve fund, 50% of the development fund, the airdrop users’ fund. We also decided to give a chance to unlock airdrop users’ tokens through a matching investment, boosting SKYFT performance by converting supporters to investors.
To receive tokens, you need to sign into your account at skyfchain.io, check out and activate your Ethereum wallet address and push the ‘Withdraw’ button.
‘We are sure that smart contract’s release and tokens distribution will provide our investors with additional confidence. We develop SKYFchain step by step. The MVP of the platform is already on air. We continue negotiations with a few crypto exchanges and with some reputable cryptocurrency investors. We believe these steps will advance the project and strengthen SKYFT token exchange rate,’ Alexander Timofeev, CEO of SKYFchain says.
The total supply of SKYFT is 1,200,000,000 tokens, this includes:
• Crowdsale Fund (44 % or 528 000 000 SKYFT) based on Ethereum account;
• Network Development Fund (15% or 180 000 000 SKYFT), c- 50% of NDF will be spent in the first year, 35% during the 2nd year and 15% during the 3rd year;
• Community Development Fund (10% or 120 000 000 SKYFT);
• Reserve Fund (9,5% or 114 000 000 SKYFT) — frozen for 1 year;
• Bounty fund (1,5% or 18 000 000 SKYFT);
• Team Fund (20% or 240 000 000 SKYFT) — frozen for 1 year.
As ICO will be completed on August 15th, all unsold crowdsale tokes will be burnt. Tokens in the other funds will be burnt as well in the given proportion.
Now, the airdrop campaign participants will be able to unlock their airdrop tokens earlier. In case of purchase of an equal amount of tokens, they would be able to unlock them six months earlier. In case of 3x of airdrop tokens purchase, they would be able to unlock them right after the end of ICO.
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SKYFchain is the first Business-2-Robots Operating Platform in the cargo logistics industry. SKYFchain is an open blockchain platform for keeping and exchanging data of all cargo robots’ operations and transactions. Any action on the Operating Platform has an own price depending on the type, frequency, and complexity of transactions and is denominated in the traditional currency. All transactions within SKYFchain will be processed in SKYFT tokens, as required by the smart contract logic. The more transactions, the higher valuation of SKYFT. 25% of transaction fee will be regularly distributed among SKYFT tokens holders.
The first cargo robot to start operations on SKYFchain will be SKYF. SKYF will use SKYFchain to operate hundreds of freighter drones that have already been pre-ordered by the most significant oil/gas and logistics companies around the world. SKYFchain is open to any other manufacturers of unmanned drones, including cars and cargo ships. It is also open to logistics providers and financial organizations and has every chance to become a universal tool, a standard for the unmanned logistics industry. Within five years, SKYF plans to spend over US $50 million to buy SKYFT tokens on the open crypto-exchange. The funds will be used for the further development of SKYFchain. The SKYFT tokens emission conforms the international legislative regulation of the blockchain and is compliant with the SEC of the USA.
