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1. Listing Goals
The Skyren Foundation aims to facilitate listings of SKYRN tokens on major centralized cryptocurrency exchanges once the token is live. This objective is crucial for several reasons:
Increased Liquidity: Listings on major exchanges can provide greater liquidity for the token, making it easier for users to buy or sell SKYRN.
Wider Accessibility: Centralized exchanges often have a larger user base, potentially increasing the reach and adoption of SKYRN tokens.
Market Visibility: Being listed on well-known exchanges can enhance the token's visibility and credibility in the cryptocurrency market.
It's important to note that SKYRN tokens held in custodial wallets of centralized exchanges will have certain limitations:
No DAO Voting: Tokens in these wallets cannot participate in DAO (Decentralized Autonomous Organization) voting processes.
No Airdrop Reward Collection: Users won't be able to collect airdrop rewards directly through these custodial wallets.
Limited Ecosystem Access: Access to other products and services within the Skyren ecosystem will be restricted for tokens held in centralized exchange wallets.
To fully participate in the Skyren ecosystem and access all features, users should:
Withdraw to Non-Custodial Wallets: Transfer SKYRN tokens from centralized exchanges to non-custodial wallets.
Recommended Wallets: Use popular non-custodial wallets such as MetaMask or Trust Wallet.
Full Feature Access: By doing so, users can engage in DAO voting, collect airdrop rewards, and access all Skyren ecosystem services.
Skyren Smart Contracts distribute DAO and DAO Boost Rewards only to non-custodial wallets. Tokens on centralized exchanges will not receive these rewards. Hold your Skyren tokens in a non-custodial wallet to ensure reward eligibility. Skyren is not responsible for lost rewards due to tokens held in custodial solutions.
The practice of requiring non-custodial wallets for full ecosystem participation is common in the cryptocurrency industry:
Alignment with Standards: This approach aligns with industry standards for decentralized projects.
Security and Control: It ensures users have direct control over their tokens and can interact with decentralized applications (dApps) securely.
Decentralization Principles: This practice upholds the principles of decentralization by reducing reliance on centralized entities.
The primary use of SKYRN tokens on centralized exchanges will be:
Trading: Users can buy and sell SKYRN tokens on these platforms.
Price Speculation: Some users may engage in price speculation activities.
Important Note: The Skyren Foundation explicitly states that it does not condone, support, or facilitate price speculation in any manner. The foundation's focus is on the utility and ecosystem development of the SKYRN token.
It's crucial to emphasize the following points regarding user responsibility:
Individual Decision: Engaging in price speculation on centralized exchanges is solely the user's decision.
No Guarantees: The Skyren Foundation does not make any guarantees, promises, or statements regarding:
The future monetary value of SKYRN tokens
Potential appreciation of the token's value
Any financial benefits associated with holding or trading SKYRN tokens
Informed Choices: Users are encouraged to make informed decisions based on their own research and risk assessment.
In conclusion, while SKYRN tokens will be available on centralized exchanges primarily for trading purposes, the full benefits and features of the Skyren ecosystem can only be accessed by holding tokens in non-custodial wallets. Users should be aware of the limitations of custodial wallets and the responsibilities that come with engaging in any form of trading or speculation.
The Skyren Foundation hereby discloses that it holds a portion of its native token (SKYRN) as outlined in the tokenomics section of this official white paper. This holding is an integral part of the project's structure and operations.
The Skyren Foundation and its contributors:
Are entitled to these tokens as per the project's design.
May utilize these tokens at their discretion to further the operations and growth of the Skyren project.
"Team Tokens," as defined in the Skyren tokenomics, are subject to a minimum linear vesting period of one year. To ensure transparency, documentation verifying this vesting schedule will be made available to all Skyren token holders at the time of the token launch.
As detailed in this whitepaper, the Skyren Foundation and its contributors are entitled to a percentage share of all rewards generated by the Skyren DAO.
Tokens held by the Skyren Foundation are not eligible to receive regular DAO rewards or Skyren DAO Boost rewards.
By engaging with the Skyren project in any capacity, users explicitly acknowledge and agree to the following terms:
The Foundation's holding of SKYRN tokens.
The Foundation's right to use these tokens for project advancement.
The reward distribution structure as outlined in this whitepaper.
We encourage all community members and potential participants to review the white paper thoroughly to understand the complete tokenomics and reward distribution structure.
This disclosure is provided in the interest of transparency and to ensure all participants are fully informed about the project's structure and operations.
The SKYRN token has a unique tax structure designed to benefit the Skyren ecosystem and its community. Here’s a detailed explanation of how the buy and sell taxes work:
When you purchase SKYRN tokens on the open market, a 2% tax is applied to the transaction. This 2% is added to the Skyren DAO (Decentralized Autonomous Organization). The funds in the DAO are used to support the growth and development of the Skyren ecosystem, ensuring that the community benefits from every purchase.
How It Works:
Transaction Initiation: When a user initiates a purchase of SKYRN tokens, the transaction is processed through the decentralized exchange (DEX)
Tax Deduction: As part of the transaction, a 2% tax is automatically deducted from the total amount of tokens purchased.
DAO Allocation: This 2% is then transferred to the Skyren DAO and converted to alternative assets such as USDC or WBTC. The DAO is a community-governed fund that is used to finance various initiatives, projects, and improvements within the Skyren ecosystem. This could include development of new features, marketing efforts, community rewards, and more.
When you sell SKYRN tokens on the open market, a total tax of 6% is applied to the transaction. This 6% is distributed as follows:
2% Buyback and Burn: This portion is used to buy back SKYRN tokens from the market and burn them. Burning tokens reduces the total supply, which can help increase the value of the remaining tokens over time.
2% Skyren DAO: Similar to the buy tax, 2% of the sell transaction is converted to alternative assets and added to the Skyren DAO. These funds are used to further develop and support the ecosystem.
2% Liquidity Pool: The final 2% is used to help fund the liquidity pool. A well-funded liquidity pool ensures that there is enough liquidity for users to buy and sell SKYRN tokens without significant price slippage.
Detailed Breakdown:
Transaction Initiation: When a user decides to sell SKYRN tokens, the transaction is processed through the DEX or platform where the token is listed.
Tax Deduction: A 6% tax is automatically deducted from the total amount of tokens being sold.
Buyback and Burn (2%):
Buyback: 2% of the transaction value is used to purchase SKYRN tokens from the open market.
Burn: The purchased tokens are then sent to a burn address, effectively removing them from circulation. This process helps to reduce the total supply of SKYRN tokens, which can positively impact the token's value by creating scarcity.
Skyren DAO (2%): Another 2% of the transaction value is transferred to the Skyren DAO. These funds are used in the same manner as the buy tax, supporting various initiatives and projects within the Skyren ecosystem.
Liquidity Pool (2%): The final 2% is allocated to the liquidity pool. This ensures that there is sufficient liquidity for trading SKYRN tokens, reducing price volatility and providing a smoother trading experience for users.
Buy Tax: 2% of each purchase is added to the Skyren DAO.
Sell Tax: 6% of each sale is distributed as follows:
2% for buyback and burn.
2% to the Skyren DAO.
2% to the liquidity pool.
Total Round Trip Tax: 8% (2% on buys and 6% on sells).
Supporting the Ecosystem: The taxes collected are used to support the Skyren ecosystem, ensuring continuous development and growth. This includes funding for new projects, marketing efforts, and community rewards.
Increasing Token Value: The buyback and burn mechanism helps to reduce the total supply of SKYRN tokens, creating scarcity and potentially increasing the token's value over time.
Ensuring Liquidity: Allocating funds to the liquidity pool ensures that there is sufficient liquidity for trading SKYRN tokens, reducing price volatility and providing a smoother trading experience for users.
Community Governance: The Skyren DAO allows the community to have a say in how the funds are used, promoting transparency and decentralized governance.
Users may attempt to avoid the initial tax by purchasing from centralized exchanges (CEXs) and transferring to decentralized wallets, potentially leading to price discrepancies between CEXs and decentralized exchanges (DEXs).
These price differences can create arbitrage opportunities, with price appreciation occurring in both directions. Sometimes the price on DEXs may be higher than on CEXs, and vice versa. This bidirectional price movement allows arbitrageurs to potentially profit from both scenarios.
Skyren is aware of and welcomes this arbitrage activity, recognizing arbitrage traders as an integral part of the Skyren ecosystem. These traders contribute to funding the DAO as they will eventually need to pay the token trade tax, regardless of their trading direction.
Users engaging in arbitrage will ultimately be subject to the token trade tax when buying or selling. This mechanism is designed to benefit long-term holders, though it may cause temporary price fluctuations. In the long run, these arbitrage activities are expected to benefit long-term holders, while short-term holders may not see the same advantages.
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
The SKYRN token serves multiple critical functions within the Skyren project, each designed to foster a robust and participatory ecosystem. Below, we delve into each of its main roles:
1. Governance Tool
The SKYRN token primarily acts as a governance tool within the Skyren ecosystem. This function empowers token holders to actively participate in the decentralized autonomous organization (DAO) of Skyren. Here’s how it works:
Voting Rights: Token holders can vote on proposals that dictate the direction and development of the Skyren project. This includes decisions on new features, partnerships, and other strategic initiatives.
Capital Flow Direction: Through governance, SKYRN holders influence the allocation and utilization of resources within the Skyren ecosystem, ensuring that capital is directed towards areas that the community deems most valuable.
This democratic approach ensures that the project evolves in a manner that reflects the collective will of its participants.
2. Right of Collection
Another critical function of the SKYRN token is its role as a right of collection. Possessing the SKYRN token grants holders the ability to earn airdrop rewards from Skyren's activities. This is how it operates:
Airdrop Rewards: Token holders are eligible to receive a portion of the rewards distributed by the Skyren project. These rewards are typically derived from the project's various activities and initiatives aimed at growing the ecosystem and incentivizing participation.
Incentivization: This mechanism encourages individuals to hold SKYRN tokens to benefit from the ongoing rewards, thereby fostering long-term engagement and loyalty within the community.
3. Unit of Exchange or Barter
The SKYRN token also functions as a unit of exchange or barter within the ecosystem, facilitating transactions and exchanges among participants. Here’s how this works:
Buying, Selling, and Trading: Individuals can use the SKYRN token to buy, sell, or trade the rights and benefits associated with it. This includes exchanging it for other tokens or assets within the Skyren ecosystem or with external parties.
Liquidity and Flexibility: This function provides liquidity and flexibility, enabling participants to leverage their tokens in various ways to suit their needs and preferences.
4. Not for Price Speculation or Investment
It’s crucial to emphasize that the SKYRN token is not intended for price speculation, profit generation, or investment purposes. The contributors of Skyren recommend the following:
Avoid Speculative Engagement: Individuals should not engage with the SKYRN token with the primary intention of generating profit from the token itself. The focus should be on its utility within the ecosystem, such as governance and earning rewards.
Community-oriented Use: The token is designed to enhance participation and the collective growth of the Skyren project, rather than serving as a speculative financial instrument.
In summary, the SKYRN token plays a multifaceted role within the Skyren ecosystem by acting as a governance tool, a right of collection, and a unit of exchange or barter. Its design aims to foster a participatory and engaged community, with clear guidelines to avoid speculative use. By adhering to these principles, the Skyren project seeks to create a sustainable and collaborative environment for its participants.
Skyren’s strategic decision to integrate with the UNCX platform marks a significant milestone in our project’s development. This integration, beginning with the deployment of our governance token on the Polygon network using UNCX’s Token Minter, sets the foundation for a secure, transparent, and feature-rich ecosystem. This document outlines the rationale behind this integration and the numerous benefits it brings to the Skyren project.
Liquidity Locker
Staking Pools
The UNCX platform is renowned within the cryptocurrency and decentralized finance (DeFi) space for its robust security measures and commitment to transparency. By leveraging UNCX’s infrastructure, Skyren inherits these critical attributes:
Increased Trust: Immediate boost in credibility among community members and potential investors.
Audited Infrastructure: Utilization of battle-tested and audited smart contracts.
Transparent Operations: Enhanced visibility into token metrics and project operations.
UNCX’s platform offers extensive customization options, crucial for Skyren’s evolving ecosystem:
Flexible Token Parameters: Ability to fine-tune tokenomics to suit project needs.
Adaptable Smart Contracts: Foundation for developing various DeFi functionalities.
Scalable Infrastructure: Capacity to grow and modify as the project expands.
Integration with UNCX provides Skyren access to a full suite of DeFi tools:
Liquidity Management: Utilize UNCX’s liquidity locker for enhanced token stability.
Staking Mechanisms: Implement staking pools at launch to incentivize long-term holding.
Future-proof Infrastructure: Access to additional DeFi tools as the project grows.
By aligning with UNCX, Skyren positions itself advantageously within the DeFi landscape:
Network Effects: Tap into UNCX’s established user base and partnerships.
Collaborative Opportunities: Potential for joint initiatives and cross-promotions.
Industry Recognition: Association with a respected platform enhances Skyren’s profile.
Phase 1: Governance Token Deployment (Completed)
Utilize UNCX Token Minter on Polygon network
Configure token parameters for optimal performance
Phase 2: Liquidity and Staking Setup (At Launch)
Implement UNCX Liquidity Locker
Establish initial staking pools
Phase 3: Advanced Features Integration (Post-Launch)
Explore additional UNCX tools for ecosystem expansion
Develop custom smart contracts leveraging UNCX infrastructure
Skyren, while built upon the robust open-source framework provided by the UNCX network, has adhered to industry best practices by subjecting our governance token to comprehensive audits conducted by multiple reputable security firms. This process underscores our commitment to transparency and security.
Technical Considerations: Due to the extensive customization allowed by UNCX smart contracts, certain elements within our smart contract infrastructure may be identified as inactive code or anomalies. These are typically categorized as low or medium-risk issues by security audit firms.
Clarification on Identified Issues: It is crucial to note that these identified elements pose no significant security threat to the project. Their benign nature can be independently verified by:
The security audit firms that conducted the assessments
The UNCX platform itself
We remain committed to maintaining the highest standards of security and transparency in our operations.
The integration with UNCX represents more than just a technical decision; it’s a strategic move that aligns Skyren with industry best practices from day one. By leveraging UNCX’s robust platform, Skyren not only ensures a secure and transparent foundation but also positions itself for rapid growth and innovation within the DeFi space.
This partnership exemplifies Skyren’s commitment to building a trustworthy, feature-rich, and forward-thinking project. As we move forward, the UNCX integration will continue to play a pivotal role in shaping Skyren’s trajectory, offering our community a secure, efficient, and expansive DeFi experience.
Automatic Staking: During the presale period, all participants who hold SKYRN tokens will have their tokens automatically staked without needing to take any extra steps. This means that as soon as you acquire your tokens, they will start working for you right away.
Weekly Harvests: Staking rewards will be harvested once per week. These rewards will be automatically added to users' Skyren accounts, ensuring that participants can see their earnings grow regularly without any hassle.
Incentives: This automatic staking mechanism is designed to encourage early participation in the presale. By allowing users to compound their tokens significantly, it creates a strong incentive for individuals to get involved early on and maximize their potential returns.
Separation from Skyren DAO Boost: It is important to note that this initial phase of staking operates independently of the Skyren DAO Boost. This separation allows users to focus solely on the benefits of presale staking without any additional complexities.
Commencement: The second phase of staking will begin right after the official launch of the SKYRN token. This transition marks an exciting new chapter for token holders.
Initial Platform: Initially, staking will be available on the UNCX platform. As the Skyren ecosystem continues to grow and evolve, additional farms will become available, providing more options for users.
Connection to Skyren DAO Boost: This phase is linked to the Skyren DAO Boost, which is optional for users. It offers an excellent opportunity for participants to either compound their token holdings or meet the necessary prerequisites to become a DAO Contributor.
APY Information: For the most up-to-date information regarding the staking Annual Percentage Yield (APY), users are encouraged to visit the Skyren website or check our social media platforms for the latest updates.
