Sky (SKY)
Rank #45
Market snapshot
- Price
- $0.060178
- Market cap
- $1.4B
- 24h volume
- $24.3M
- Circulating supply
- 23,426,638,196.1674
- Total supply
- 23,462,665,147.366
- Max supply
- 23,462,665,147
What is Sky?
Sky (SKY) is a cryptocurrency that operates on the Ethereum platform. It is designed to facilitate decentralized finance applications and governance within its ecosystem.
Key information
- Symbol
- SKY
- CMC rank
- #45
- Network / platforms
Ethereum
- Categories
- Store of value
- Date added
- Sep 18, 2024
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x56072C95FAA701256059aa122697B133aDEd9279
Key characteristics
Sky features a decentralized governance model where the SKY token is used to vote on protocol decisions, such as the Sky Savings Rate and protocol upgrades. The Sky Savings Rate is a variable protocol rate funded from the aggregate surplus of the Sky protocol and can change over time. The yield generated through SKY-backed lending within the Sky Protocol is dependent on the Utilization Rate.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Sky (SKY)?
- Sky (SKY) is a cryptocurrency that operates on the Ethereum platform.
- What are the key features of Sky (SKY)?
- Sky features a decentralized governance model where the SKY token is used to vote on protocol decisions, including the Sky Savings Rate and protocol upgrades.
- What are the risks associated with transferring Sky (SKY)?
- Digital asset prices can be volatile. Users should verify the contract address and network before transferring assets and understand that transfers may be irreversible.
- How can I verify the acquisition of Sky (SKY)?
- Verify the asset name, network, and any supplied contract details before transferring, and review the custody method.
- Where can I find official resources for Sky (SKY)?
- Official resources for Sky can be found on their website at https://sky.money/ and on Etherscan.
