So, what’s SKYFchain?
SKYFchain is the future of transportation that is based on block chain financing and it is the first B2R(Business-to-Robots). The internal currency use by SKYFchain Operating System is what we called SKYFT. The drones market its like the bitcoin that goes skyrocket these recent years, drones fueled by batteries such as RC Quadcopter and computer chips but the biggest drone today can only carry a video camera’s and deliver as soft-copy data. Until SKYFchain came-up the idea of cargo drone or passenger drone to make a dream to reality. Since drones market is staring to develop from kids toys, to camera carrier for surveillance and aerial photography & video that replace helicopters and other aviation. The cargo robots market is potentially estimated $100 billion, you can read it here: https://goo.gl/xeqiPV.
SKYFchain is the blockchain based Fintech Operating Platform. You may ask what is Fintech, a brief definition of Fintech its stands for Financial Technology and it is about using technology to design and deliver financial services and products. You may wonder what’s the use of Fintech Operating Platform on SKYFchain? The rule of Fintech Operation Platform is to verify each drones technical data, license status and and route details for every flight and all the transaction are being processed and crypto currencies inside the platform. Inside the platform we have this what we called ledger where the data is being stored that makes SKYFchain a unique financial tool. They also offers leasing and insurance companies that are direct control over their assets through the use of smart contract. For the future development, SKYFchain is open for other sea and ground drones. The SKYF cargo drones are produced under the common licensed provided through SKYFchain. The first SKYF drones machines are already in production for users in agriculture to be use in delivery.
What is SKYF Drone?
SKYF the first unmanned industrial heavy aerial cargo carrier with the capability of vertical take-off and landing. It can be used in a range of applications with the most popular ones currently being agriculture, logistics and emergency relief and has the capacity to carry 400 kilograms of payload and capability to fly 350 kilometer range with 8 hours fly time. You can watch this video the actual flight of SKYF Drone:
The good thing about SKYFchain is that the company is already starting the cargo drones production. They already launch the project on this countries such as Russia, Kazakhstan, Canada, South America and Northern Europe (dark grey areas on the map below) while SKYFchain will expand this coming years on Australia, New Zealand and USA. SKYF had already received lots of letters of intent from potential clients such as big oil companies and agricultural industry to use the service of this project.
In order to raise funds for this huge project. SKYFchain will launched ICO, so that investors around the globe will have the chance to be a part owner of SKYFchain platform. They will use SKYF token and to be distributed to the its investors after the ICO.
The picture above will explain how SKYF tokens will be use during the transactions inside on SKYFchain Operating Platform. They will issue fixed amount of 1,200,000,000 tokens, which will be required for any transaction inside the SKYFchain. A user requests a transaction in SKYFchain and pays securely in fiat money through his smart contract. SKYFchain aquires SKYFT tokens at a crypto exchange to execute the transaction.
DISTRIBUTION AND TOKEN USAGE
As I mention above, there will be 1.200.000.000 tokens generated. 528 000 000 will be conduct to crowd-sale (all together 44%). Founders will received 240 000 000 (20%) tokens, another 180 000 000 tokens goes to the Network Development Fund (15%), 120 000 000 tokens for Community Development Fund (10%), 18 000 000 tokens will go to PR, bounty (1.5%) and the remaining 140 000 000 tokens will be reserved (9.5%).
As you can see founders will only get 20% of the total tokens its shows more or less, that the team is keen to receive money on project development, and most likely will not run away to Maldives with pockets full of cash. All together, 44% of tokens will be sold during ICO and PreICO. Unsold one will be burned.
If we talk about the expected funds distribution (counting pretty high hard cap — 30 000 000 USD) 13,500,000 USD will be use for Research and Development(45%), 7,500,000 USD will go to Marketing & Platform Development (25%), 7,200,000 USD for Operation, Busines & Corporate Development and the remaining funds 1,800,000 USD will be use for Legal & Administrative.
Of course if hard cap will not be reached, these numbers might looks like totally different. But to be honest, I do not believe in such a scenario. With no purchase limit, with a good PR and marketing campaign and even in first ICO stage its already raised 2,000,000 USD almost half of the soft cap.
ROADMAP AND DEVELOPMENT PERSPECTIVE:
Above you can see the roadmap — how the team sees their nearest and long-term future in accordance to their past experience.
The Team Behind SKYFchain Project.
WHY I INVEST TO THIS PROJECT?
I really like the idea on investing ICO with project that already running. If I would judge the project just basing on the team photo, I would risk even a broken penny. Beside it is a great project visually it also received high reviews from trusted sites in-term on trusted ICO.
So what you are waiting for be a part of this innovative transportation in the future and become the owner of SKYFchain platform tokens. You can join the presale here: https://goo.gl/uXdu45
Thank you for reading this ICO Review and feel free to share your thoughts in the comment section below.