Sky Price (SKY)

Sky (SKY) Token Price Now

Sky price today is $0.0564 with a 24-hour trading volume of $2,553,042. SKY price is up 10.34% in the last 24 hours. .
In order to search for real-time and historical information about Sky (SKY) blockchain, including data related to blocks, transactions, addresses, and more, you may use Sky (SKY) block explorers. Here are some of the most popular and useful Sky (SKY) blockchain explorers out there:

• etherscan.io

What Is Sky(SKY)?

Sky.money is one of the many non-custodial gateways to the permissionless Sky Protocol, a decentralised protocol developed around the USDS stablecoin. Sky.money is a front end that provides access to the app without holding your funds or acting as an intermediary. It provides eligible users with access to Sky Protocol features, including Sky tokens (USDS, SKY, DAI, MKR), the Sky Savings Rate (SSR), Sky Token Rewards (STRs), and eventually Activation Token Rewards and SkyLink. With the Sky Protocol, you can save and access rewards without giving up control of your supplied assets.  

How Does Sky Work?

Eligible Sky.money users can access the Sky Protocol to do the following:

• Trade. Directly trade popular tokens for Sky ecosystem tokens using permissionless and non-custodial pools. Trade USDC, USDT, ETH and SKY for USDS, and vice versa. With USDS, you can access Sky Token Rewards and access the Sky Savings Rate to accumulate more USDS.Trade USDC, USDT, ETH and USDS for SKY, and vice versa. Eventually, SKY will be used to get Activation Token Rewards and to vote on changes and additions to the Protocol.
• Upgrade. Upgrade DAI to USDS 1:1, and MKR to the SKY governance token at a rate of 1:24,000. USDS and SKY can also be converted back to DAI and MKR. While upgrading is optional, doing so enables you to take advantage of the many new Sky ecosystem features.
• Access Rewards. Use USDS to access Sky Token Rewards (STRs) over time. No minimum USDS supply amount is required. The amount of STRs you receive is calculated based on your share of the entire pool of USDS tokens supplied to the Sky Token Rewards module by all participants, not on the amount of tokens you supply. This share, and consequently the rate of STR rewards, can fluctuate as the total pool size changes over time. Sky.money does not control the issuance, determination, or distribution of these rewards. The USDS stablecoin, as well as the rewards received, are supplied to a non-custodial smart contract that represents the USDS pool of assets. This means that no intermediary takes custody over your funds.
• Save. Place USDS into the Sky Savings Rate (SSR) module to access the SSR and accumulate additional USDS over time. No minimum supply amount is required. When you supply USDS to the SSR module, you receive sUSDS tokens. These sUSDS tokens serve as a digital record of your USDS interaction with the SSR module and any value accrued to your position. The Sky Protocol dynamically adds USDS tokens to the pool every few seconds, in accordance with the SSR. As those tokens auto-accumulate in the pool over time, the value of the sUSDS you hold may gradually increase. So, when you choose to redeem your sUSDS for USDS—which you can do anytime—the total USDS you receive will equal the amount originally supplied, plus any rewards earned.

Where Can You Buy Sky(SKY)?

Investing in Sky can seem complicated, but it is much easier when you buy Sky through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Sky — both for fiat money and other cryptocurrencies. Some of the most popular Sky cryptocurrency exchange are:

• Bithumb
• Upbit

Please check Sky(SKY) token address If you want to buy or sell Sky(SKY) on dex exchange. Beware of scams!
Click here to view Sky(SKY) price in different crypto exchanges.

Sky (SKY) Community

• Twitter: https://twitter.com/SkyEcosystem

What is Sky (SKY) Contracts address?

• Ethereum: 0x56072c95faa701256059aa122697b133aded9279