**🚨 MAJOR UPDATE: Maker ($MKR) is Becoming Sky ($SKY) – Here's What You Need to Know!**
**Big changes are coming to MakerDAO fans!** 🏗️ Binance just announced it will support the **$MKR token swap, redenomination, and rebranding to $SKY** – and there are some **critical dates** you need to mark in your calendar.
Let’s break it all down so you don’t get caught off guard. 👇
### **🔄 What’s Happening?**
- **$MKR (Maker) → $SKY (Sky)** – Full rebrand & token swap.
- **Old $SKY (Skycoin) → $SKYCOIN** – To avoid confusion.
- **Binance handles everything** – No manual action needed for most users.
### **📅 Key Dates & Deadlines**
#### **🌪️ Phase 1: Skycoin ($SKY) Transition (July 21-25, 2025)**
- **Skycoin’s ticker changes from $SKY → $SKYCOIN** (1:1 swap).
- **No action needed** – Binance automates it.
#### **⚡ Phase 2: Maker ($MKR) to Sky ($SKY) Transition (September 2025)**
- **🗓️ Sept 15, 03:00 UTC:** All **$MKR trading pairs delisted** (MKR/BTC, MKR/USDT, etc.).
- **🗓️ Sept 17, 08:00 UTC:** New **$SKY trading pairs go live** (SKY/BTC, SKY/USDT, etc.).
- **Deposits/withdrawals paused** during the transition.
### **💡 Why Is MakerDAO Rebranding?**
- **Fresh identity** – Moving beyond just stablecoins ($DAI) into broader DeFi.
- **Avoiding confusion** – Old Skycoin ($SKY) was delisted years ago.
- **New roadmap** – Expect big updates post-rebrand.
### **🤔 What Should You Do?**
✅ **If you hold $MKR:** Just wait – Binance will auto-convert it to $SKY.
✅ **If you hold old $SKY (Skycoin):** It’ll become **$SKYCOIN** (no action needed).
⚠️ **If you have open $MKR orders:** Cancel them before **Sept 15** (they’ll be wiped).
#**🚨 Potential Market Impact**
- **Short-term volatility?** Possibly – big rebrands can trigger price swings.
- **Long-term bullish?** If MakerDAO’s vision expands, $SKYAI
could gain momentum.