SKYFchain

SKYFchain Operating Platform (hereinafter SKYFchain OP) is the first B2R (business-to-robots) blockchain based operating platform applicable globally in all sectors of a developing cargo robotics industry. It will be initially developed and tested by using the first industrial cargo airborne robot – SKYF drone – which will also give SKYFchain instant access to its client base for development of unmanned business processes. Later all other unmanned cargo systems: in the air, on the ground and at the sea will be connected to SKYFchain.

The first feedback from our customers in oil and gas industry confirms that if they switch from helicopters to cargo drones they can supply their on-shore rigs with 5 to 10 times less cost.

SKYFchain as a blockchain with built-in smart contracts will provide trusted source of data and reasonable control over unmanned assets for clients, logistics operators, insurance and leasing companies, banks, and authorities worldwide.

It will unveil new profitable business opportunities for all industry participants, transportation system with lower risk for the society, and increased overall affordability of goods and services due to substantial cost cutting in the global supply chain.

During ICO we will issue 1 200 000 000 SKYFT tokens, which will be used in SKYFchain to facilitate all internal transactions.

SKYFchain OP Business Model

Logistics business processes today are designed with a human being in mind, either as a customer or a controller etc. Autopilots for cargo robots, AI and the developing field of IOT hints that one day, robots may work without being directly controlled by an individual. This would bring enormous savings since currently, around 50% of costs in logistics is in labor.

The field in cargo robotics will require investments, and investments need insurance, risk management and control. Thus, unmanned cargo robots may become an asset which would require new types of regulations and business processes. We are planning to develop them in the SKYFchain Operating Platform.

The main purpose of the SKYFchain OP is to integrate information for all market participants and organize the execution of smart-contracts for transactions. Transactions may vary in value and frequency. The platform will collect commissions from each transaction. All transactions will be paid in USD or other fiat currency but executed in system using the SKYFT tokens.

SKYFT token will be the internal currency of the platform. Only 1.2 bn tokens will be issued at ICO in form of Ethereum ERC20 tokens. This is fixed amount for all system.

The Market

The market for air-borne cargo robots (drones)

$127bn – that’s how much PWC estimated the total addressable value of drone powered solutions to be in all applicable industries. Exponential investments growth into the sector has already began.

$100bn – is the service market size for SKYF drone in agriculture, logistics, and infrastructure. During the first three years it is expected that SKYFchain would service clients of SKYF drones in these industries.

Unmanned trucks, ships and cars

After the launch of air-borne drones, SKYFchain will invite other cargo robots, unmanned trucks, unmanned ships, and later unmanned passenger vehicles.

We are planning to invite air-borne drones from 2020 onwards, and sea-borne and ground-borne robots starting from 2022 onwards.

According to Abhimanyu Raheja, an analyst at BIS Research, "the overall number of automated vehicles is expected to reach more than 110 million by the end of 2026."

Exane BNP Paribas is giving lower, but also promising projections of 40 millions automated vehicles of all types in 2026.

Benefits of the unmanned trucks

Proponents of automated trucks are talking about several useful features. They say that such trucks will be more efficient because they would not waste fuel by accelerating and braking as frequently as trucks driven manually by a human driver. Similarly, developers have plans to use truck platooning to save on fuel. Other benefits may include: increased safety and less stress for drivers during long-haul monotonous drives.

Pre-ICO and Crowdsale Terms

Pre-ICO will be launched on 1st of March 2018

The pre-ICO target is $1 000 000.

The pre-ICO hard cap is $2 000 000.

Only 51 300 000 SKYFT tokens is reserved for Pre-ICO.

Minimum tokens purchase volume is 3000 SKYFT.

Collected funds will be stored on several accounts to limit potential impact of an attack by hackers.

We accept contributions in ETH and BTC. If you want to contribute BTC, you still need the ETH address in order to receive tokens.

ICO is planned to be launched in May 2018

Exact ICO dates are to be announced.

ICO hard-cap is $30 000 000.

The final SKYFT token price at ICO will be $0,065.

528 000 000 of SKYFT will be available for purchase at ICO. Unsold tokens will be burned.

For each SKYFT token sold at the crowdsale 1,27 tokens will be created and will be split between special token funds (see pie chart below).

Thus the maximum number of tokens is 1 200 000 000 SKYFT.

Token Allocation

Use of Funds

If we manage to collect the required $30 mln, they will be used for:

45% - Research & Development – including full-time salaries, contractors, research

25% - Marketing & Platform Development – to build a robust marketing campaign in several languages, user acquisition, etc.

24% - Operations, Business and Corporate Development – to grow business via strategic partnerships, integration with various stakeholders, and acquiring or partnering with other relevant projects.

6% - Legal & Administrative - Legal, IP protection, accounting and other third party services needed to run our organization.

In a softcap success scenario - if we manage to collect only the softcap of $5 mln, then the development of the project will be delayed but the goals will remain. Furthermore, we shall focus on developing an MVP of the blockchain to present it to the market participants to attract additional funding. Meanwhile the 20% of the revenues from sale of SKYF drones would sustain the price of SKYFT token.

In medium case scenario - if we manage to collect $15 mln - then after developing an MVP of the blockchain we are going to extend the network of partners among the market participants. We shall organize workshops and educational events about using functionality of the SKYFchain. New participants should bring in new transactions which should generate demand for SKYFT tokens.

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