Sky (SKY)

SKY is a governance token, which is like a digital voting share, for Sky Protocol. This system launched in 2024 as a rebrand and upgrade of the older Maker Protocol. Sky Protocol’s main value lies in giving users a simple, secure way to trade, save, and earn rewards without ever giving up control of their funds. It is built around a stablecoin called USDS, which is always worth one US dollar, but it is completely decentralized. The protocol is run by automated agreements called smart contracts, so there’s no middleman controlling users' money. The system uses two main tokens: USDS for stable savings, and SKY for community governance. users can help secure the network and earn rewards by staking their SKY tokens in the Staking Engine, which is like locking them in an interest-bearing account to help the system run.

Description from CoinGecko.

Coin details

Name

Sky

Symbol

SKY

Market cap rank

#64

Category

Decentralized Finance (DeFi), Ethereum Ecosystem, Stablecoin Issuer

Runs on

Ethereum

Circulating supply

23,418,498,072 SKY

Max supply

23,462,665,147 SKY

Price in INR

₹5.31

Tax in India

30% on gains + 1% TDS on sale

Contract (Ethereum)

0x56072c…ed9279

Contract (Hydration)

asset_re…000795

Website

sky.money

Whitepaper

ipfs.io/ipfs/Qmex5coqQPXqo4FvCkPqvKfH2ibBgACTsUV3YrTGaC86LQ

Explorer

etherscan.io/token/0x56072c95faa701256059aa122697b133aded9279

X (Twitter)

x.com/SkyEcosystem