Introduction

Currently in the world already many people who know what is a blockchain which is widely used in many sectors, such as business sector, gaming, investment and much more. Skyfchain is one that utilizes the benefits of blockchain in the industry.

What Is SKYFchain?

SKYFchain is a cargo robot industry built on the unmanned aerial vehicle (Drone), which develops air, sea, and air robot deliveries and sets new standards in financing, manufacturing, service and ensuring cargo robots.

What Is Drone?

Dron is an unmanned aerial vehicle. UAVs can be controlled remotely and can fly independently with the inbuilt software (flight plan), working in close connection with onboard sensors and GPS systems.

Now drones have been widely used, ranging from search and rescue operations, surveillance, weather monitoring, traffic, firefighting, to personal use, businesses with an emphasis on photo and video shoots, in agriculture and even in cargo delivery services. Due to the huge demand for commercial and private drones also caused a number of safety-related issues, related to the consequences of collisions and loss of control. In this case, many countries at the legislative level have introduced a number of amendments to the air code.

The Purpose Of SKYFchain

Skyfchain aims to integrate information for all market participants and manage the execution of smart contracts for transactions, the Platform will collect commissions from each transaction and All transactions will be paid in USD or other currency but are converted into the system using the SKYFT token.

Because in the drone market industry the main problem is that there is no transparency, therefore Skyfchain provides solutions that are transparent, trusted platforms and users fully control their own asset.

How SKYFchain Works?

SKYFchain issues an SKYFT token that will be used for each transaction within SKYFchain. A user requests transactions on SKYFchain and pays safely in fiat money through his smart contract SKYFchain, requests SKYFT tokens in exchange for crypto to make transactions.

SKYFchain Token

The total token is 1,200,000,000 which is at the end of the ICO token price of 0.065 USD per 1 SKYFT token.

Symbol - SKYFT
Token Amount - 1,200,000,000
Soft Cap - $1,000,000
Hard Cap - $30,000,000
Minimum purchase - 3000

For sale SKYFT token will be done in 2 stages, Pre-Ico and Crowdsale (ICO).

For Pre-Ico will be conducted on March 1 2018, and only 51,300,000 SKYFT tokens are allocated to Pre-Ico.
For Crowdsale (ICO) will be carried out in May 2018 and only 528,000,000 SKYFT tokens are allocated to Crowdsale, for unsold tokens will be burned. Sales details will be announced at https://www.skyfchain.io/.

For the purchase of SKYFT Token will get the bonus as follow:

Token Allocation

44% (528,000,000) Crowdsale (Pre-ICO and ICO).
15% (180,000,000) Network Development Fund (NDF) - to support the super node during the first three years of blockchain operations (50% of the NDF will be spent in the first year, 35% during the second year and 15% during the third year).
10% (120 million) Community Development Fund (CDF) - to stimulate growth from partner networks and the developer community.
9.5% (114,000,000) Reserves for freeze for one year.
1.5% (18,000,000) For Bounty Fund.
20% (240,000,000) For Team

Use Of Fund

45% For Research & Development - Including full salary, contractor, research for a year.
25% For Platform Marketing & Development - To build powerful marketing campaigns across multiple languages, user acquisitions, etc.
24% Of Operations, Business, and Corporate Development - To grow the business through strategic partnerships, integrate with various stakeholders and acquire or partner with relevant projects.
6% For Legal & Administration - Legal, IP protection, accounting, and other third-party services required to run the organization.