The Sky ecosystem's governance token is $SKY Listing On Binance Spot In 48 Mins And 34Sec, and $MKR holders have the option to upgrade their MKR tokens to SKY at a fixed ratio of 1 MKR to 24,000 SKY.
This upgrade is part of a broader strategic realignment to reposition the project, refresh its image, and attract new users and developers.
Key Details:
- Upgrade Ratio: 1 MKR token is equivalent to 24,000 SKY tokens.
- Optional Upgrade: MKR holders can choose to upgrade to SKY, but it's not mandatory.
- Conversion: SKY can be obtained by upgrading from MKR, but converting SKY back to MKR isn't possible via the Sky Protocol.
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