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.