Token Project

Welcome to the 5SKY Token Project FAQ!

1. What is the 5SKY Project?

   • The 5SKY Project is a blockchain initiative designed to cater to the needs of the decentralized finance (DeFi) ecosystem. It aims to bridge the gap between traditional financial systems and DeFi, emphasizing education and affiliate programs.

2. What are the main features of the 5SKY token?

   • The token has several features:

     • Automatic Burn: Ensures token scarcity and value appreciation.

     • Owner & Charity Fees: Supports platform maintenance and charitable causes.

     • Airdrop Management: Facilitates token distribution.

     • Account Exclusions & Inclusions: Manages token rewards and distributions.

     • Dynamic Fee Adjustments: Allows changes in transaction, burn, and charity fees based on market conditions.

3. How is the token distributed?

   • The token's economic structure includes allocations for public sales, airdrops, development, reserves, partnerships, and team & marketing. Public sale distributions are staggered for a consistent release of tokens.

4. How does 5SKY ensure security and transparency?

   • 5SKY prioritizes user security by using blockchain technology, ensuring a transparent and tamper-resistant system. Users interact through encrypted wallet addresses via WEB 3.0, maintaining their anonymity. While parts of the 5SKY code are proprietary, the ABI key enhances transparency by allowing users to interface with the contract.

5. What are the future goals of the 5SKY Project?

   • 5SKY aims to further integrate with the blockchain ecosystem, offering more services and functionalities, with a continuous emphasis on education and enabling users to benefit in a web3 environment.

6. What does the motto "learn tech income" signify?

   • It emphasizes the importance of education in the blockchain space and the project's commitment to affiliate programs that allow users to earn while they learn.

7. How does the automatic burn feature work?

   • The automatic burn ensures that a certain percentage of tokens are permanently removed from circulation, promoting scarcity and potentially increasing the token's value over time.

8. How does the project support charitable causes?

   • A portion of the token's revenue model is allocated to charitable causes, ensuring that the project not only benefits its users but also contributes positively to society.

9. Why is the public sale distribution staggered?

   • A staggered approach ensures a consistent and steady release of tokens into the market, preventing sudden influxes that could destabilize the token's value.

10. What is the ticker symbol for the 5SKY token?

    • The token is represented by the ticker symbol 5SKY.

11. What is the total supply of 5SKY tokens?

    • The total supply of 5SKY tokens is capped at 100,000,000,000.

12. Can more 5SKY tokens be minted in the future?

    • No, the fixed supply ensures that no additional 5SKY tokens can be minted or created in the future.

13. Why are there 18 decimals in the 5SKY token?

    • The 18 decimals allow for fractional transactions of the token, facilitating micro-transactions and ensuring precision in token exchanges.

14. What is the smallest unit of the 5SKY token?

    • The smallest unit of the 5SKY token is 0.000000000000000001 5SKY.

15. On which network does the 5SKY token operate?

    • 5SKY operates on the BEP20 standard on the Binance Smart Chain (BSC).

16. What are the benefits of being a BEP20 token?

    • Being a BEP20 token ensures that 5SKY inherits the security, speed, and low transaction fees of the BSC. It also means compatibility with a wide range of wallets, exchanges, and other smart contracts on the Binance Smart Chain.

17. Why is a fixed supply important for the 5SKY token?

    • A fixed supply preserves the token's scarcity and potentially adds to its value proposition by preventing inflationary pressures that could arise from minting additional tokens.

18. Can I store 5SKY in any wallet?

    • 5SKY, being a BEP20 token, is compatible with a wide range of wallets that support the Binance Smart Chain.

19. What is Tokenomics?

    • Tokenomics refers to the economic model behind a token, determining its utility, demand, and value proposition within its ecosystem.

20. How much of the 5SKY token is allocated for public sale?

    • 25% of the total token supply is designated for public sale.

21. What is the purpose of the airdrop allocation?

    • 5% of the tokens are reserved for airdrops, which are used as promotional tools or rewards, allowing users to receive tokens for free, often for certain tasks or as part of a loyalty program.

22. Why is there a 15% allocation for development?

    • This allocation ensures continuous improvement, scaling, and enhancement of the platform and its associated projects.

23. What is the reserve fund for?

    • The reserve fund, created with 5% of the tokens, acts as a safety net, ensuring liquidity and supporting the token's stability in various market conditions.

24. Why is there a significant allocation for team & marketing?

    • The 35% allocation ensures the team is incentivized and has sufficient funds for marketing, promoting the token, and ensuring its visibility in the crypto space.

25. How are tokens securely locked?

    • 70% of the tokens are transferred to a specific contract, where they are securely locked. Their release is contingent upon the sale of NFTs under a specific contract.

26. How does the structured release based on NFT sales work?

    • The token supply in circulation is directly correlated with the project's milestones and achievements. For instance, when 10,000 NFTs are sold, 5% of the tokens are released, and so on.

27. Why is the release of tokens tied to NFT sales?

    • Tying the release of tokens to NFT sales ensures that the token supply in circulation aligns with the project's milestones, fostering trust and alignment between the project and its community.

28. Are there any other conditions for the release of tokens?

    • Yes, the conditions are based on the number of NFTs sold. For example, when 100,000 NFTs are sold, 10% of the tokens are released.

29. What is the Automatic Burn Mechanism?

    • Each transaction triggers an automatic token burn, with the burn rate set between 1% and 5% of the transaction amount.

30. Can the burn rate be changed?

    • The burn rate bounds are hardcoded into the contract, ensuring they remain within the specified range over various intervals.

31. What is the Owner Fee?

    • A certain percentage of each transaction is reserved as a fee for the contract deployer or owner, ranging between 0% and 5% of the transaction amount.

32. How does the Charity Fee work?

    • A designated percentage of each transaction is redirected to a distinct vault, with the allocation rate varying between 0% and 5% of the transaction value.

33. Where do the tokens from the Charity Fee go?

    • The tokens are sent to a predefined BSC address [].

34. What is the Airdrop Management feature?

    • The token contract encompasses a function tailored for orchestrating airdrop distributions, which only the contract owner can invoke.

35. How does the Token Retention Mechanism work?

    • A specific number of tokens are perpetually retained in wallets, with exactly five tokens being retained and rendered non-transferable. This acts as an advanced burn strategy.

36. Why retain exactly five tokens in wallets?

    • By effectively reducing the circulating supply, this mechanism can potentially augment the token's intrinsic value.

37. Are there any exemptions for the owner regarding transaction fees?

    • Yes, token transfers initiated by the owner to any address, or reciprocally, are not subjected to any associated transaction fees.

38. Why are owner transfers exempted from fees?

    • This provision offers flexibility for the contract owner in managing token distributions without incurring additional costs.