Skynet Token
The Skynet token ($SKY) is crucial to the operation of the ecosystem and serves as the primary currency for transactions within the protocol. It also plays a significant role in supporting Subnet and global DAO operations.
There exist various use cases for the token within the protocol, including but not limited to:
Mint $SKYUSD, a stablecoin used for payments by any DePIN provider integrating through a subnet.
Payment for DePIN resources.
Tokens are used for staking to increase the reputation associated with assets integrating into the protocol.
Participation in Governance.
Incentives for bringing onboard DePIN GPU resources and Edge nodes.
Qualification for Airdrops of new projects built on top of Skynet.
Please be aware that not all projects will use $SKY for their Airdrop qualification criteria.
The Skynet token is the lifeblood driving the protocol and its ecosystem forward.
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