FAQ
General questions about cryptocurrencies
What are cryptocurrencies?
Cryptocurrencies are digital or virtual currencies that are secured by cryptography. They enable secure and transparent transactions without the need for an intermediary such as a bank. They are often based on blockchain technology, which is a decentralized database in which all transactions are immutably recorded.
How does a blockchain work?
A blockchain is a type of digital ledger technology. It consists of a chain of data blocks that are chronologically ordered and cryptographically linked. Each block contains transaction data, a timestamp and a hash that serves as a digital fingerprint. This structure makes the blockchain unchangeable and trustworthy.
What is the difference between cryptocurrencies and fiat currencies?
Fiat currencies, such as the euro or the US dollar, are issued by governments and controlled by central banks. Cryptocurrencies, on the other hand, are decentralized and are secured by mathematical algorithms and cryptographic processes. While fiat currencies exist physically, cryptocurrencies are purely digital.
How can I buy cryptocurrencies?
To buy cryptocurrencies, you need an account on a crypto exchange. After registration and identity verification, you can deposit fiat currencies such as euros or dollars and exchange them for the desired cryptocurrency. Alternatively, you can purchase your tokens directly on a platform such as the SKYGATE website.
How do I store cryptocurrencies securely?
You can store cryptocurrencies in digital wallets that are available either online (hot wallets) or offline (cold wallets). Cold wallets, such as hardware wallets, offer the highest level of security as they are not connected to the internet and are therefore protected against hacking.
What is a utility token?
A utility token such as the SKYGATE TOKEN is a cryptocurrency that provides access to a specific product, service or network. In contrast to security tokens, a utility token does not represent shares or ownership.
What is a white paper?
A whitepaper is a document that describes the technical and business details of a cryptocurrency project. It contains the vision, the use case, the technical specifications and the long-term strategy of the project.
FAQ
Specific questions about the Skygate Token
Is there a maximum quantity of SKYGATE TOKEN?
Yes, the total amount of SKYGATE TOKEN is limited to 10,000,000,000. This limit ensures scarcity and can promote the long-term value of the token.
Is there a roadmap for the SKYGATE TOKEN?
Yes, our roadmap shows the planned developments, milestones and strategic goals of SKYGATE TOKEN on our website in the section for investors.
Is SKYGATE a start-up company or has SKYGATE already established itself on the market?
The SKYGATE model company has been operating successfully on the market for many years!
Where is SKYGATE based and why did SKYGATE choose this location?
Most global crypto projects choose a company location in countries with questionable legal security and stability. We have deliberately chosen Austria as a business location and are therefore subject to the strict legal regulations of the European Union as well as the strict national regulations of Austria.
What was an "Advisory Board" installed for?
SKYGATE has an extensive management structure consisting of experts with many years of professional experience. The “Advisory Board” is an additional supervisory body to monitor the management and executive board, represent the interests of the token buyers and ensure the success of the project.
What does KYC mean and what is a KYC required for?
KYC stands for “Know your client”. It is an official requirement that sales of cryptocurrencies above a certain amount must be checked to prevent money laundering. The buyer must register and present an official photo ID once a certain purchase amount has been reached. The current amount above which a KYC is required can be found in our “How to buy” section.
During the registration process, you have to show your ID in front of the smartphone/tablet/PC camera. We work with the renowned company IDnow, which carries out the verification process quickly and easily in just a few minutes. And which also meets high data protection standards.
Is SKYGATE planning to list the token on one or more exchanges?
SKYGATE aims to be listed on most well-known and renowned crypto exchanges. However, in the interests of the community (token holders), a listing must be planned thoroughly and the perfect time chosen. A large community and successful project progress are significant advantages for successful listings. That is why we only plan the listing in the final phase of our project! This approach is conducive to successful price development.
Are price developments / price increases possible on crypto exchanges?
Of course. SKYGATE has no influence on the price development on a crypto exchange. However, the SKYGATE project contains various factors that can realistically support a positive price development.
What advantage do "early adopters" have who purchase the token during the "pre-sale"?
“Early adopters” have enormous advantages! Tokens can be purchased at very favorable purchase prices, making it possible to increase the value of the investment.
How many batches are there and at what issue prices are the Skygate Tokens issued?
There are a total of 12 batches (issue of tokens at different prices).
Whenever a certain number of tokens have been sold or after a certain period of time, a “batch” is completed, and the next “batch” will be released for sale! The release of the next “batch” will be announced to community members and on social media platforms as well as our website shortly before the release. Purchasing the tokens early allows the buyer to acquire the SKYGATE tokens at a lower price!
When will the public sale open?
Once the “pre-sale phase” (i.e. the successful sale of a certain number of SKYGATE tokens) has been completed, the “public sale” is opened.
Limited / Unlimited Pre Sale
The “Pre Sale Phase II” (LIMITED) is limited to sales and marketing activities in the European Union. In “Pre Sale Phase II”, SKYGATE would also like to take up sales activities outside the European Union. In the countries outside the EU in which SKYGATE would like to offer the SKYGATE TOKEN for sale, SKYGATE must deal with the national regulations for offering a cryptocurrency in these countries and, if necessary, apply for corresponding licenses. SKYGATE will publish the countries in which it would like to become active in this respect, the order in which distribution in these countries is to take place and the countries in which a license has been obtained and distribution can start on the website and will also inform the community via the SKYGATE newsletter!
What if I don't have a wallet?
In the SKYGATE token purchase platform there is a link to “Metamask”, where you can create a digital “wallet” free of charge.
Where was the token placed?
The token was set up on the Ethereum platform. The SKYGATE token complies with the ERC20 standard!
Has a security audit been carried out?
Yes, a comprehensive “security audit” was carried out by a renowned auditing company and confirmed that the system works flawlessly and without errors!