AMA Recap Crypto Library with SkyX


On 20th May 2021, SkyX conducted an AMA in the Crypto Library Community. Our guest is Martian. Lots of questions as usual from the Community about SkyX progress. The SkyX team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into SkyX.

Let’s take a look at the most interesting points of our conversation.

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Martian (SkyX) : Hi all I'm the SkyX Martian, Martian by name Captain as title, yes we keeping it playful and actively working on growing our SkyX Space Force. We been active in mobile apps for some time and currently have around 2 million users on our social media platforms, using conventional WEB2 protocols it's very difficult to reward users for their activities due to high transfer cost both locally and internationally so this is from where  SkyX and Sukai started.
Crypto Library Team : What is Sukai? And how does it work?

Martian (SkyX) : Sukai is a social media application that addresses an user’s data security and associated revenues currently exploited by the mainstream social media platforms for their benefit and not that of the user. To overcome and rectify this gross intrusion by current main stream social media platforms, Sukai combines the best of both worlds,  an user friendly social media experience allowing the user full control of their personal data and associated revenues from all monetary activities and utilizing blockchain NFT to retain and further monetize their value, even if the user has no idea what an NFT is.

Crypto Library Team : What is so exciting about Sukai, which make Sukai different from all other projects out there?

Martian (SkyX) : Point1 What is Sukai and SkyX Token: Sukai is a social media platform that provides a host of features such as mainstream platforms.
  • Chat (WhatsApp)
  • Posting(Instagram) like, comment, share
  • Meeting room (zoom)
  • Dating (Tinder)
  • Marketplace 
  • And more...
But by you using Sukai you get paid to use!
-> SkyX Token is the method applied to convert conventional user revenues generated by activities on Sukai to a transparent and secure form using blockchain technology. SkyX Token is rewarded to the value of the revenue generated and earned by each user and user becomes eligible to redeem this in the open or internal marketplace such as exchanges or in-app redemption as well as 3ed parties. Each user has complete control over their Personal Data. All data is collected in decentralized manner using WEB3 and stored on each individual users personal NFT/s. Allowing the full control and ability to every person to chose if they want to make their data public and by doing so can sell, auction or rent their NFT/s containing personal data to institutions, companies or 3rd parties.

Point 2: What are the advantages of SkyX Tokens over competitors:
-> Blockchain Infrastructure
Integrates blockchain technology to provide unique identities for each node.
-> Easy Token Integration
Every node has its own token. You can earn tokens by simply using and engaging activities on Sukai mobile App.
-> Global System and Secure
An exciting social media application catering to a global audience of users, providing best data security and elevating data misuse or exploitations.

Point 3 Why SkyX Token
-> SkyX token seamlessly create an ecosystem within the blockchain incorporating WEB3, layer 2 protocols, Defi and NFT’s to a multilayer secure network via both ERC20 and BSC chains. 
-> By using this latest technology, SkyX Token creates a large and loyal user ecosystem because SkyX Token has a real project in the form of a social media application called Sukai. By connecting SkyX Token and Sukai it will provide double benefits for all members of the Sukai and SkyX Token
-> SkyX Token community can buy SkyX Token on Exchanger exchanger using Bitcoin, Etherium, BNB & offcoures USDT

Point 4 Conclusion:
With these points, it can be concluded that SkyX Token has a very good asset value for now and in the future.  SkyX Token will have a big place and be loved by many people in the Cryptocurrency community and effortlessly onboarding non crypto social media users into the crypto space.

Check this whitepapper for more details!!

Crypto Library Team : Could you provide some information about your Roadmap, And what milestones you have reached so far?

Martian (SkyX) : Our roadmap is jam packed for next 3 months! But let's go 1 step back before we talk about the road map execution, currently we experienced in mobile app and have an existing user base around 2 million users so this is fundamentally  the base we will be converting and onboarding to Sukai mobile app in next few days as soon as on playstore. As for roadmap we have already released our staking with ferrum, completed our token swop that SkyX is available both on ERC and BSC chains and we will be listing on Pancake and Uniswap within the next day or so once the volitaty in market subsides a bit. Sukai will launch on google playstore within days from now and submitted to IOS for approval to be available on Appstore.

There after our BSC-ERC bridge release which allow anyone owning SkyX to swop between the networks themselves. Next will be listings on conventional exchanges. This is our next 8 week executions there after we will publish the extended roadmap.

Crypto Library Team : Please tell us about $SkyX token! What are the token use-case, distribution, and where we can buy it?

Martian (SkyX) : SkyX is the native token of Sukai and represents the real revenues created by engagments on Sukai from revenues from 3rd parties. Can buy now at discounted price by visiting our website after that we will be listing on pancake and uniswap and then conventional exchanges within few weeks after that so do take advantage! The SkyX has many uses cases from external market, value, liquidity? Market place both on exchanges and in app. We have even catered for those who earn SkyX in Sukai and have no desire to participate in crypto whereby we buy back or allow auctions to other users to buy these token at discounted value. Remember SkyX is real money from real engagements on Sukai and paid by advertisers, institutions or corporations.

Crypto Library Team : What are the future goals of Sukai?

Martian (SkyX) : 1st and foremost is to convert our existing base of 2 million users to Sukai. Then run very active social media, influencers and referal campaigns to secure at least 5 million users in Sukai within its 1st 3 months. This automatically creates the onboarding on crypto and non crypto community into the SkyX market place creating demand and liquidity for all trading SkyX Token in open market exchanges. Once this executed we will be annoucing many many more inovasions and partnerships. Here is 1 we executed already: Learn more about the staking of SkyX Token through Ferrum’s flexible staking technology:
Crypto Library Team : Do you agree that the power of community will propel your project towards global growth? What's your strategy for building a big and strong community?

Martian (SkyX) : Of course as mentioned above it's all about community and presence! We actively committed to this! SkyX is the native token of Sukai, sukai is the platform that automatically creates community by you just using Sukai and rewards you in SkyX token, your data is then stored on the blockchain using a NFT we create for you or many NFTs on your behalf and you can then sell, auction or rent your data to paying clients. Sukai is designed to be a global platform just like telegram or Facebook and many others.

Crypto Library Team : Where does the latest technology your project uses come from? Are you afraid that one day your project's technology will be obsoleted by other projects' technology if that happens, how will you solve it?

Martian (SkyX) : Great question it's all about how your data is stored and how you always own it how you can choose to monetize it by selling, auctioning or renting it to 3re party buyers. NFT are relatively new and no one has yet stored users personal data in a NFT so we ahead of the curve.

1st the data is stored using protocol layer 2 to which links to a ledger, AI and algorithms are applied and create data value by user behavior, this only done for users that want to monetize there personal data and not for those to stay anonymous.

Once a critical level of data is established the ledger transfers data profile to the NFT which is now completely transparent but still encrypted on the blockchain with only user have the ownership key to decode their NFT/s completely transparent.

The ledger on NFT confirmation is then destroyed and data only now on the blockchain, this process is replicated over and over for each user and the more active the user us the more NFTs they will have.

Its also open governance in Sukai so users collectively decide if they releasing data or not and works with a bid and accept to 3rd parties. 

Obviously as technology changes we will keep moving with the latest available technology and as for problem user data is truly valuable and making sure you the user ownes their own data is key so even if just on basis of data mass being 1st to market will protect the ecosystem applying economy of scale.

Crypto Library Team : Recently we've looked at a lot of projects that made great startups but suddenly abandoned because they weren't getting enough revenue. How can we be sure that you will not leave even when your initial income is low?

Martian (SkyX) : We have an Established base with a technically sound platform and and long term economic model which is based on current mainstream social media giants with the only difference being we do the work and you earn the money. Simple Sukai OWN YOURSELF!!!

Crypto Library Team : Typically, investors buy tokens that are likely to increase in price in the future. I saw that, total supply of the token  is huge. So, do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

Martian (SkyX) : You say huge we worried it's not enough! Factor in the potential of a user community exceeding 10 million users each perform only 1 add click a day, how many token would be getting issued? Now in addition remember this is real money so the token is supported by real funds potentially creating huge liquidity and additional demand in the marketplace.

We aiming for Mars! Having this number of users we can not afford to burn but instead we will have buy back which I think is a lot more valuable than decreasing circulating supply by destroying it, rather we use real money to buy back circulating supply!. We also have a LOCK and Key mechanism which will mean token wont be dumped in market by users as it applies a ratio and safety mechanism factoring in volume, revenue and liquidity.

Crypto Library Team : What is the main purpose of your project? And how much progress has your project made?

Martian (SkyX) : To address the theft and misuse of a users data! Perfect question. Its social media which you will now get paid to use so wether you crypto enthusiast or not everyone loves more money so why chat using WhatsApp when u can chat using Sukai and be making money just by doing that and know that your data is protected and secure and it's yours to monetize. We provide the tech you create the revenue! Come on guys just keep chatting we will pay you to do so!!
Crypto Library Team : How do you think with Asia market? Does your team have any plan approach INDONESIA which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?

Martian (SkyX) : Well the global test in mobile app exception is always done in Asia namely India and Indonesia, even the silicon valley giants use this as their market test. If you can secure users in this market the global market should follow. Indonesia especially is very crypto hungry and great market potential with a population of around 260 million people it's a great entry point and lucky for us this is where a large base of our already existing users are close to 2 million. Using Sukai will create an additional income for all users and help onboard even crypto illiterate users into the crypto market!

Crypto Library Team : How important is the community to you?  and how can we collaborate or help you for the development of the project?

Martian (SkyX) : Community is everything! Without community or users your project cant be successful that's why we so fortunate to have our existing users. Sukai will be on google playstore within days and everyone will be able to see the downloads which gives a good indication how many people already using Sukai!

Crypto Library Team : Ethereum is killing it's users for the high has fee. Why you decided to use Ethereum while we are now in the era of BSC?

Martian (SkyX) : That's why we on both. We initially created SkyX on erc20 as its robust and secure and then did a token swop to BSC aswell so SkyX is available on both chains already! Erc has a huge following even though the gas fee is insanely high but we rather cater to a larger community and not forget ERC network. We releasing our own BSC-ERC bridge in about 2 week which will allow anyone to swop SkyX from 1 network to other at 1:1 ratio.

Crypto Library Team : "STAKING" is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term?

Martian (SkyX) : Yes we already do! ERC based SkyX is 48% APY with 0 minimum. While BSC SkyX is 68% APY with a 10 001 SkyX minimum. We currently running a presale discount for next day or so only before we list on uniswap and pancake. Already  NFT is the core to our success and all user data is stored in NFT format. This is the WEB3 revolution!

Crypto Library Team : What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?

Martian (SkyX) : Great question and I think I alteady answer how we bring non crypto community in but how we keep them is a system we call. LOCK and KEY basically this allows users to earn but keeps the market liquidity and SkyX token value stable at all times. I suggest you join our group or read our whitepaper for an in depth explanation