🪙Skew Token SKW
Last updated
Last updated
Token Details
Blockchain: BNB Chain (Previously BSC)
Token Type: BEP20
Token Name: Skew
Token Symbol: SKW
Total Supply: 200 million SKW
Skew Utility Token Use Case Summary
Lender Tier Level Access
Borrower Loan Fees
SKW Utility For Lenders:
Lenders who commit their SKW tokens for a six-month lock-in period gain access to increased cashback rates on debit card transactions, and a higher supply lending limit. This encourages long-term engagement in the platform.
SKW Utility for Borrowers:
Borrowers are obligated to pay a 2% loan initiation fee in SKW tokens for each new loan. This fee aligns their interests with the success of the platform and sustains a robust demand for the token.
SKW Token Release and Allocation:
Private Sale: 6% (12 million SKW) at $0.05 each, aiming to raise $600,000. This tier includes a 12-month cliff, after which distribution occurs linearly over the following 12 months. An additional benefit includes an 18% APR interest, paid in USDT, from the end of the Private Sale until the start of linear distribution, so minimum 12 months + all months that will be between the end of the Private Sale and the Token Generation Event (TGE)
Strategic Round: 24% (48 Million SKW) at $0.06 each, aiming to raise $2,880,000. This tier includes a 6 month cliff, after which distribution occurs linearly over the following 12 months.
Public Sale: 25% (50 million SKW) priced at $0.08 each, with a goal of raising $4M. At the Token Generation Event (TGE), which marks the protocol's official release, 40% of these tokens will be released, with the remaining 60% distributed linearly over the subsequent 6 months.
Ecosystem Rewards: 25% (50 million SKW), allocated for cashback, marketing, and exchange listings, will be fully released at Token Generation Event (TGE).
Team: 10% (20 million SKW) with a 24-month lock, followed by a linear distribution over the next 12 months post-lock.
Liquidity Pool: 10% (20 million SKW), fully released at Token Generation Event (TGE).
Initial Liquidity and Pools:
The initial liquidity will consist of 20 million SKW from the Liquidity Pool allocation and $2 million USDT from the public sale, setting the starting price at $0.10.
Two liquidity pools, SKW/USDT and SKW/BNB, each funded with $2 million as total token sum value, will be created to minimize slippage and maximize arbitrage trading volumes. These pools, along with all future protocol fees, are allocated to the reserve wallet.
The remaining $2 million from the public sale will serve as the initial liquidity for the lending protocol, with the team utilizing the interest from lending this amount to cover all operational expenses.
