WHAT IS SKYTERE
skytere is an open source peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world.
Decentralized Supply Control Mechanism.
Skytere native coin is secure, fast and decentralized, supply controlled and market driven, demand based.
When the demand for Skytere rises, the price of Skytere experiences an upward trend.
This surge in price motivates miners to participate in the network leads to an increase in the network’s mining difficulty.
The increase in mining difficulty, results in the creation of more Skytere coins.
Conversely, when the demand for Skytere experiences a downtrend, the price of Skytere decreases.
This price reduces leading to some miners exiting the network. The network’s difficulty decrease, causing a corresponding adjustment in the coin supply.
This mechanism prevents oversupply and helps maintain the stability of Skytere’s ecosystem.
- Sketere Coin has max 21,000,000,000 supply, It adopts a demand-driven approach, where the coin supply is determined by market demand.
- To encourage miners to participate Sketere, before block 5040, mining reward is fixed 90% block.
- After block 5040, mining rewards will be ruduce to 30% from block.
- Smartnodes collateral : 800,000 SKYT
Spesifications
Symbol : SKYT
Algorithm : GhostRider
Max Supply : 21,000,000,000
Block Rewards : 5,000
PoS Reward : 60% Smartnode
PoW Reward : 30% Minner
Development : 10%
Block Time : 2 Minute
Smartnode Collateral : 800,000
Download Wallet :
https://github.com/skytcode/skytere/releases/download/0.29.33.14/skytere-win-0.29.33.14.zip
https://github.com/skytcode/skytere/releases/download/0.29.33.14/skytere-ubuntu20-0.29.33.14.tar.gz
Join our discord : https://discord.gg/UGfj5D6hEb
Website : https://skytere.com/
Explorer : https://explorer.skytere.com/
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