What Is Sky (SKY)?
Sky Protocol is a decentralized and permissionless financial ecosystem designed to provide users with non-custodial access to stablecoins, governance, and decentralized finance (DeFi) services. It builds upon the foundation of MakerDAO, introducing USDS as a stablecoin and SKY as a governance token.
The protocol allows users to trade assets, earn rewards, and participate in governance without relying on intermediaries. By focusing on on-chain transparency and decentralized decision-making, Sky Protocol aims to create a more efficient and scalable DeFi infrastructure.
How Sky Works
Sky Protocol operates as a blockchain-based financial system centered around its two core tokens, USDS and SKY. USDS is a stablecoin designed to maintain a soft peg to the U.S. dollar, and users can trade, save, or earn rewards with it. SKY is the governance and rewards token, allowing holders to vote on protocol decisions and earn incentives through Sky Token Rewards.
The ecosystem includes the Sky Savings Rate (SSR), where users can deposit USDS to accumulate additional stablecoins over time. Sky Protocol is non-custodial, meaning users retain full control of their assets while interacting with DeFi services.
Who Are the Founders of Sky?
Sky Protocol was created as part of MakerDAO’s “Endgame” roadmap, originally founded by Rune Christensen in 2014.
How Many Sky (SKY) Tokens Are in Circulation?
SKY, the native token of the Sky ecosystem, is available on various exchanges. It has a total supply of 1,093,984,555 tokens.
How to Buy Sky (SKY) on Bitget?
Consider investing in Sky (SKY)? Follow these steps:
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Verify your identity.
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Deposit funds.
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Check out the available SKY trading pairs on Bitget.
Is Sky a Good Investment?
Sky Protocol offers decentralized governance and non-custodial finance, but like all crypto investments, it carries risks such as market volatility and regulatory changes. Investors should research its tokenomics, adoption, and governance stability before making a decision.
Simple 3-step guide to buying SKY today in Samoa
Create your free Bitget account
Select a funding method
Complete your Sky purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Sky using a payment method of your choice:
Buy Sky with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Sky order.
How to buy crypto with credit/debit cardBuy Sky with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Sky is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Sky order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Sky order.Buy Sky with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Sky order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Sky in your Bitget spot wallet
Bitget—where the world trades Sky
How to buy Sky for free
- Learn how to earn Sky for free through the Learn2Earn promotion
- Earn free Sky by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Sky airdrops by joining On-going challenges and promotions
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FAQ
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Samoa, whose official name is the Independent State of Samoa, is an island country residing in the Polynesian. The country takes up 2,842 km2 in total land area, most of which is made up of the Upolu and Savai'i islands, and has a population of 202,506. Lying slightly south of the equator, Samoa has an average annual temperature and rainfall of 26.5 °C and 2,965 mm, respectively.
The islands that constitute Samoa today have been inhabited by humans for more than 3500 years, which makes the culture of the region extremely rich and unique. The modern Samoa of today still retains a lot of the deep-rooted ceremonies and traditions, but they have adopted both Samoan (Gagana Fa'asāmoa) and English as the official languages. There are a lot of activities to enjoy in Samoa, including exploring the local culture in the capital of Apia, visiting the fascinating Alofaaga Blowholes, relaxing in the picturesque Piula Cave Pool, or snorkeling in the Palolo Deep Marine Reserve.
Wherever you are in the country, you can purchase Sky(SKY) and plenty of other tokens with the official currency Samoan tālā (SAT) on Bitget. You can choose from a list of secure payment methods, some of which are P2P trading, crypto deposits, and third-party merchants such as Apple Pay, Google Pay, and credit cards.