SKY Token Whitepaper
The SKY contract is designed to always raise the token value. It has built in mechanisms to entice buying and deter selling.
Ways to Play
Buy and Hold:
The price of SKY is designed to always go up. Price goes up when people buy or sell and when the jackpot is won.
Play the Jackpot:
It only takes buying one token to become the leader. The leader wins half of the jackpot when the timer runs out.
Buy-in during a sell-off:
The leader receives half of the fee that gets charged on all tokens sold back to the contract.
Price of SKY is determined by dividing the ETH in the pot by the number of SKY tokens in existence and then adding the 10% tax.
Every time a full token is bought the timer resets to 24hrs. The jackpot is dispersed when the timer hits zero. Half of the jackpot goes to the leader and the other half gets put into the pot raising the value of everybody's Tokens
Play: By simply buying SKY you will become the leader.
The last person to buy a token at any given time is the leader.
- The leader wins 50% of the jackpot if the timer hits zero.
- The leader also receives 2.5% tax on all Tokens sold back to the contract.
Tokens can be sold back to the contract at any time. There is a 10% fee associated with this. 5% goes into the Jackpot, 2.5% goes to the leader and 2.5% gets burned. Tokens can also be traded or transferred without any fees.