SkyCoin: Revolutionizing the Internet with Sustainable, Feeless Transactions and Decentralized Governance

SkyCoin (SKY) All-Time High/Low, CoinHours Tokenomics and Network Use Cases, Services, Reviews

SkyCoin (SKY) is a third-generation cryptocurrency launched in 2012 on its own Obelisk blockchain, designed by early Bitcoin and Ethereum contributors for security and scalability. It underpins the Skywire mesh-internet, enabling decentralized bandwidth, storage, and computation.

Key Metrics

• Market Capitalization: $1.49 million as of Sept 2025

• 24h Trading Volume: $1.95 million

• Circulating Supply: 22.99 million SKY

• Total Supply: 100 million SKY

• All-Time High: $49.23 on Dec 29, 2017

• All-Time Low: $0.0006312 on Aug 28, 2022

Fundamental Data

• Whitepaper: Comprehensive ecosystem whitepapers are hosted at the official Skycoin site.

• Founding Team: Led by Brandon “Synth” Smietana, an early Bitcoin contributor.

• Use Case: Powers a decentralized mesh network (Skywire), promotes private transactions, and funds dApp development.

• Tokenomics:

1. CoinHours: Earned hourly by holding SKY, used to pay transaction fees.

2. Emission: No mining; supply is fixed at 100 million SKY.

• Governance Model: On-chain voting via the Skycoin Fiber framework empowers holders to propose protocol upgrades and network parameters.

How to Buy SkyCoin

1. Create an account on a supported exchange (e.g., BitBNS for INR pairs).

2. Complete KYC verification.

3. Deposit funds and place a SKY/INR or SKY/USDT market order.

How to Stake SkyCoin

1. Transfer SKY to a non-custodial wallet supporting CoinHours.

2. Hold SKY and accumulate CoinHours automatically.

3. Use CoinHours to pay network fees or lock them for yield in participating dApps.

How to Trade SkyCoin

1. Trade SKY on Bitget, KuCoin, or Uniswap V3.

2. Analyze order books and liquidity depth before placing limit orders.

3. Monitor market sentiment via on-chain metrics and community forums.

Frequently Asked Questions

1. What is SkyCoin’s consensus algorithm?
SkyCoin uses Obelisk, a web-of-trust proof-of-influence protocol offering sub-second, feeless transactions.

2. How do CoinHours work?
CoinHours accrue every hour for each SKY held, serving as the network’s fee currency.

3. Where can I view SkyCoin’s smart contract address?
SkyCoin is native to its own blockchain; addresses can be viewed via the SkyExplorer on skycoin.net.

4. Can I develop on SkyCoin?
Yes. SkyWire SDK and CX allow developers to launch custom blockchains and dApps on SkyCoin’s network.

5. How secure is SkyCoin?
Obelisk’s decentralized trust model prevents 51% attacks, while CoinJoin integration ensures transaction anonymity.

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