Sky Chain has made significant progress in the ecosystem by attracting over 500 million USD in cryptocurrency USDS and nearly 70 million USD in SKY locked to receive SPK rewards in just 48 hours.

MAIN CONTENT

  • Over 500 million USD in USDS has been provided to receive SPK rewards.

  • Over 850 million SKY, equivalent to about 70 million USD, has been locked to receive SPK.

  • Coinbase has planned to list Sky (SKY) and USDS in its trading portfolio.

What significant progress has Sky Chain made in the ecosystem?

Sky Chain quickly recorded growth with over 500 million USD in USDS provided within 48 hours for the purpose of receiving SPK rewards. This is a clear testament to the project's appeal and potential within the cryptocurrency community.

Official information from the Sky ecosystem shows that this amount of USDS is not only concentrated but also effectively used to harness benefits from the SPK reward feature.

"The rapid increase in USDS supply and SKY commitments shows strong investor confidence in the sustainable development of the Sky ecosystem."

Representative of Sky Chain, July 2024

What does committing SKY in the ecosystem mean?

Over 850 million SKY, equivalent to nearly 70 million USD, has been locked by users to receive SPK rewards, demonstrating active participation and the long-term strategy of the community. This commitment creates stable liquidity, boosts network strength, and enhances the project's value.

This high commitment also contributes to strengthening investor confidence in the growth potential and sustainability of the ecosystem.

What is the impact of Coinbase's planned listing of SKY and USDS?

The addition of Sky (SKY) and USDS to the listing roadmap by Coinbase, a leading cryptocurrency exchange worldwide, has provided a significant boost to the liquidity and popularity of these Tokens in the global market.

The appearance on Coinbase makes it easier for investors to access, while also enhancing transaction transparency and safety, contributing to the scalability and acceptance of the Sky ecosystem.

"Listing on Coinbase puts Sky on the global map, expanding access opportunities and enhancing liquidity for the project."

Coinbase spokesperson, 2024

What are the long-term impacts of these advancements on the future of Sky?

The metrics regarding USDS supply and SKY commitments affirm that Sky is in the process of establishing a solid foundation for sustainable development. Being listed on Coinbase will enhance credibility, attract new investments, and expand the user community.

This trend reflects a synergy between substantial liquidity and investor confidence, creating a foundation for the next steps of Sky's development in the highly competitive cryptocurrency market.

Frequently Asked Questions

  • What are SPK rewards? They are rewards for users who provide USDS or commit SKY in the Sky ecosystem, stimulating participation and network growth.

  • Why is Coinbase listing SKY important? Coinbase is one of the most reputable exchanges; being listed helps increase liquidity, transparency, and access to global investors.

  • How does the committed amount of SKY affect the project's value? Committing more SKY shows investor confidence, increases liquidity, and stabilizes Token value.

  • What is USDS in this ecosystem? USDS is a Stablecoin used to provide liquidity and receive SPK rewards in Sky Chain.

  • What are the main drivers of Sky Chain's growth? The strong increase in USDS supply, SKY commitments, and listing on reputable exchanges like Coinbase form the foundation for development.

Source: https://tintucbitcoin.com/sky-cung-cap-500-trieu-usds-thuong/

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