Shipments are delivered on a daily basis and a huge amount of human labour goes into it. It doesn’t only bulk up the service but also slows it down. Have you ever thought of using an unmanned drone to do the deliveries? SkyFchain has thought about that and they want the robots to be an important part of the shipment industry. They have even launched an ICO for people to invest in their company and they are determined to make them work.
The SKYFchain business model:
The business model is based on joining all parts of the logistic trade so that everyone is connected. This way they can have a healthy transaction in forms of SKYFT will be the official currency running inside the system. It will join everyone from the manufacturer of the robots and drones to the people under logistics and clients to the compliance and support department and even the financing sector. Basically, it will be a blockchain based B2R (Business-to-Robots) Operating Platform.
The main problem with some people is the acquirement of cryptocurrencies. They do not need to worry as the model has been made in a way that the person may pay in fiat money and it gets transformed into the SKYFT tokens. All this is through a smart contract set up by the company.
The SKYFchain market:
The company is based on the fact that within some years their business will double and it will increase the value of their tokens. The robots will be a faster and easier way to get to the clients and they will love their workings. So, this will increase the drone ratio and it will lead to a growth in the market of the company. The company is also set to provide a downside protection in which they promise to buy back their tokens within 5 years at $50 million. They even have made a roadmap where they soar to include seaborne drone by the year 2025. They are planning to launch in places such as Northern Europe, Canada and Russia and they will expand to other countries in the future.
Problems in the drone market and unmanned logistics and solution:
• Generally, there is a lack of transparency and an issue with insurances and the right to fly. But SKYFchain will work in a transparent way so that everyone knows the internal happenings.
• Drones also often face technical problems and they cannot fly for long. But SKYFchain utilizes gasoline powered drones which fly for long periods of time and can carry up to 400 kgs.
Watch how the SKYF drone works here
SKYFchain Operating Platform Technical Details and Token Economics:
As we said the operating platform will run on a blockchain and the internal transaction will be held through the SKYFT token. They are ERC-20 tokens and the company hopes that the value and need for more tokens will increase with the increase in the market. They are also running an ICO for people to acquire the tokens. Super Node holders will have a considerable amount of profit.
1,200,000,000 tokens are the fixed amount of created tokens. Price will be 0.065 USD per 1 SKYFT token at the end of the ICO.
SKYFT is a compliant company with the U.S. SEC laws and SKYFT tokens are needed for any transaction inside SKYFchain.
In conclusion, we may say that the SKYFchain looks like a promising business idea in the current world. Their unmanned robots and drones will definitely help in reducing labour in the logistics industry.
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