Topic: [ANN][ICO] SKYPAY ICO Announcement (Read 254 times)

The Travel Currency

MISSION STATEMENT

SkyPay aims to improve everyone’s travel experience by radically reducing normally hidden travel costs.


Which Problem Do We Solve?





COIN MODEL

SkyPay’s SKYS will be secured by its own block chain. It is based on the Litecoin network’s Scrypt PoW algorithm. The reason for this technical choice is to guarantee the lowest possible transaction fees.


MINING

Mining will be available to a few trusted miners, called ‘Dedicated SkyPay Miners’. Everyone is welcome to apply to become Dedicated SkyPay Miners, however only qualified individuals/companies will be approved and selected. The role of these mining companies will be to mine the remaining coins and release them into the market, while powering the SkyPay network, for a compensation, the block rewards. All transactions can be publicly seen and revised on the SkyPay Explorer.


COIN SPECS

75 % of all coins will be pre-mined. The remaining 25 % will be the rewards of future blocks.




COIN PRE-MINE DISTRIBUTION



The percentage of coins reserved for the team (Founders, Developers & Advisors) will be locked for a one year period. The biggest part of the pre-mine is used to fund the SkyPay project through the Coin Sale. Contributors will benefit from this fundraiser by selling their SKYS or using them as the project takes place. The App Reserve of the coin distribution is to serve new users that will be using the SkyPay App. Of course, the SKYS cost will be less favorable than the SKYS cost during the coin sale.


USER ACQUISITION

In order to generate a steady, on going demand for SKYS, our user acquisition model includes a flight booking system, a debit card and a reward system for purchases, and many other amazing features.

Visit our https://www.skypaydev.com & download our White Paper for complete details.


COIN SALE DETAILS

We will sell a maximum of 189,000,000 SKYS in total as a fixed amount in the ICO in order to raise 25 million USD. The remaining coins will be kept by the SkyPay founders as a buffer for rewards, and future customers’ who want to exchange their currency into SKYS through the SkyPay App. Contributors can purchase as many SKYS as needed in exchange of a predetermined fixed rate.

The sale starts on 2018.03.01 (March 1st 2018) at 00:00:01 UTC and lasts for a total of 6 weeks until the 2018.04.11 (April 11th 2018) at 23:59:59 UTC.

In order to reward early contributors, we will have a bonus that decreases each week.
The exact bonus reward can be found in the following table:



The percentage of coins reserved for the team (Founders, Developers & Advisors) will be locked for a one year period. The biggest part of the pre-mine is used to fund the SkyPay project through the Coin Sale. Contributors will benefit from this fundraiser by selling their SKYS or using them as the project takes place. The App Reserve of the coin distribution is to serve new users that will be using the SkyPay App. Of course, the SKYS cost will be less favorable than the SKYS cost during the coin sale.







Visit our https://www.skypaydev.com & download our White Paper for complete details.


Email: [email protected]
Official websites: https://www.skypaydev.com, https://skys.network (coming soon)

Telegram: https://t.me/joinchat/AAAAAEuTfHTjuuDBU0eWxg
FaceBook: https://www.facebook.com/SkyPay-783788811817511/
Twitter: https://www.twitter.com/SkyPayOfficial
Reddit: https://www.reddit.com/user/skypayofficial/
Instagram: https://www.instagram.com/SkyPayOfficial/