Token Distribution
Last updated
Last updated
1. Deployment and Distribution of SKYRN Tokens
Skyren will utilize its proprietary smart contracts to deploy and distribute SKYRN tokens to ICO participants. The technical process involves the following steps:
Smart Contract Deployment: Skyren deploys a smart contract specifically designed for the distribution of SKYRN tokens. This contract is responsible for managing the distribution schedule and ensuring compliance.
Token Allocation: The smart contract allocates SKYRN tokens to each participant based on the amount they purchased during the ICO. This allocation is predefined and programmed into the contract to ensure accuracy and transparency.
Automated Distribution: Once the contract is live, it automatically distributes the tokens to the addresses provided by the participants. The smart contract ensures that the allocations are correct and that each participant receives the exact amount of tokens they are entitled to.
This method leverages the security and automation of blockchain technology to ensure a seamless and error-free distribution process.
2. No External Claims Required
Unlike some token distribution processes that require participants to claim their tokens from an external contract or service, Skyren's method integrates the distribution directly into the smart contract. This approach has several benefits:
Time Efficiency: Participants receive their tokens automatically without needing to perform any additional steps. This saves time and reduces the complexity of the process.
Cost Savings: By eliminating the need for additional transactions to claim tokens, participants save on gas fees that would otherwise be incurred.
This streamlined process ensures a more user-friendly experience and reduces the overall cost and effort for token holders.
3. Timelock Mechanism
To ensure fairness and transparency, Skyren employs a timelock mechanism within its distribution contracts. Here’s how it works:
Timelock Implementation: The smart contract includes a timelock feature that prevents any tokens from being transferred until a predefined release time.
Simultaneous Release: At the end of the timelock period, all tokens are made available to ICO participants simultaneously. This ensures that no participant receives their tokens before anyone else, maintaining fairness and preventing any potential advantages.
Security: The timelock mechanism is securely coded within the smart contract, ensuring that it cannot be bypassed or tampered with. This guarantees that all participants receive their tokens at the exact same time.
4. Step-by-Step Instructions for Submitting a Receiving Address
To receive the SKYRN tokens purchased during the presale, ICO participants need to submit their receiving address within their Skyren account. Here’s how:
Log In to Skyren Account: Participants log in to their Skyren account using their credentials.
Navigate to Token Distribution Section: Once logged in, navigate to the section dedicated to token distribution.
Enter Receiving Address: Enter the Polygon address where they wish to receive their SKYRN tokens. Ensure that this address is correct and capable of receiving Polygon tokens.
Confirm and Submit: After entering the address, confirm that it is correct and submit it for the distribution.
Verification: Skyren’s system will verify the address and associate it with the participant’s token allocation.
By following these steps, participants can ensure that they receive their SKYRN tokens promptly and securely once the distribution process begins.
Presale Start Date: January 23, 2025
Presale Duration: 144 days
Presale End Date: June 16, 2025 Important Notice
While we are committed to adhering to the outlined schedule, we reserve the right to modify the presale duration or launch date at our discretion. Such adjustments may be made based on various factors, including but not limited to market conditions, technical considerations, or regulatory requirements. We assure our community that any changes to the schedule will be made with the utmost consideration for the project’s success and the interests of our supporters. In the event of any modifications, we will promptly communicate these changes through our official channels.
For the latest updates and information, please stay tuned to our official communication channels. https://app.gitbook.com/o/s6A3A1lnJ9OAT042wIyO/s/keoBNNSek4DAa4DkdubT/~/changes/91/official-links
