Place/Date: Sydney, Australia - November 10th, 2021 at 8:01 pm UTC · 4 min read
Contact: Skylight, Source: Skylight Exchange
Skylight is a 3-in-1 Crypto project that combines a Decentralized Exchange (DEX) ecosystem, Utility Token (SLT) and an NFT Marketplace. The Skylight exchange is a decentralized exchange protocols based on the automated market maker (AMM) model, which bootstraps network effects by incentivizing liquidity with project tokens, thereby creating a self-contained ecosystem of traders and yield earners. This allows digital assets to be traded in a permission-less and automatic way by using liquidity pools rather than a traditional market of buyers and sellers. SLT token will be the native currency of the Skylight exchange and online store.
Skylight token is an exchange token built on three blockchain networks (BSC, Ethereum and Polygon). It is also the native token of the Skylight Exchange, a decentralized global cryptocurrency exchange platform running on three blockchain networks (BSC, Ethereum and Polygon) where users can exchange their tokens and swap it for other cryptocurrencies. This will ensure that Skylight Exchange leverages the lower cost of transaction provided by BSC network, and high scalability, speed and low latency provided by Ethereum and Polygon network. Additionally, Skylight Exchange will also support the creation, sale and purchase of NFT digital art and Collectibles on a secured blockchain.
Another benefit of SLT token is its intended utility as a medium of exchange in combination with Skylight exchange innovative project such as Non Fungible Token (NFT) Marketplace and E-Commerce online store.
NFTs quickly became one of the most widely discussed topic in the crypto world in 2021. They revolutionized the digital art space by allowing creators to generate and monetize their work in a digital way, which also acts as a stamp of verification and authenticity.
As the space continues to evolve, platforms like Skylight Exchange aim to further improve the user experience of both artists and buyers.
In the Skylight NFT marketplaces, original artwork becomes a reality. Collectors and producers come together in a community where NFTs may be exchanged. Skylight exchange will make it easy for creators to put an item on the blockchain and exchange it as a non-fungible asset. Apart from being a fine art NFT marketplace, Skylight Exchange is a DEX platform and ecosystem for users to swap tokens, yield, farm, or stake. Being part of a bigger DeFi ecosystem, both sellers and buyers on the NFT marketplace have exclusive benefits. The NFT sellers also benefit from the Skylight exchange ecosystem. Broader DEX users who are not particularly NFT holders are incentivized to hold them on the platform. They get the added advantage of visibility on the platform too.
Skylight exchange as a DeFi exchange will allow users to perform trading and yield farming and staking of other cryptocurrencies on the exchange to earn rewards.
Skylight has a dedicated team of developers, engineers, business developers, architects, marketers and sales representatives located in different geographical regions who are working tireless to ensure the project becomes successful.
The Skylight Team has implemented an excellent token economics (Tokenomics) to protect its investors from Rug-Pulling and Pump and dump, these include Locked Liquidity, Vesting Schedules for initial investors and security auditing of its smart contract by reputable Auditors. However, as a general advice, we advise our investors to invest only amount they are willing to leverage overtime.
The detail of the Token Economics for Skylight Exchange is provided below
Skylight has attained the following Milestone as in the roadmap
Stay tuned for more exciting developments.