White Paper · SKYGATE TOKEN (SKYG)

White paper for crypto‑assets other than asset‑referenced tokens or e‑money tokens in accordance with Regulation (EU) 2023/1114 (MiCAR).

Digital Token Identifier

not applicable

Offeror

984500BBFE52FE449926 – SKYGATE Network GmbH

Type of submission

New

Date of notification

2024-12-30

Table of content

General information
Summary
Part A – Offeror / person seeking admission
Part B – Issuer (if different)
Part C – Trading platform operator
Part D – Token project
Part E – Offer / admission to trading
Part F – Other tokens
Part G – Rights & obligations
Part H – Technology
Part I – Risks
Part J – Sustainability indicators

White paper for crypto-assets other than asset-referenced tokens or e-money tokens
Digital Token Identifier:	not applicable
Offeror or person seeking admission to trading:	984500BBFE52FE449926 - SKYGATE Network GmbH
Type of submission:	New

General information
01 Date of notification	2024-12-30
02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114	This crypto-asset white paper has not been approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset white paper.
03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114	This crypto-asset white paper complies with Title II of Regulation (EU) 2023/1114 of the European Parliament and of the Council and, to the best of the knowledge of the management body, the information presented in the crypto-asset white paper is fair, clear and not misleading and the crypto-asset white paper makes no omission likely to affect its import.
04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114	The crypto-asset referred to in this crypto-asset white paper may lose its value in part or in full, may not always be transferable and may not be liquid
05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114	The utility token referred to in this white paper may not be exchangeable against the good or service promised in this white paper, especially in the case of a failure or discontinuation of the crypto-asset project.
06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114	The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
SUMMARY
07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114	Warning This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law.
08 Characteristics of the crypto-asset	The SKYGATE Token (SKYG) is a digital utility token on the Ethereum blockchain (ERC20) providing access to exclusive services and features in the SKYGATE ecosystem. Purchasers can use SKYG as a payment method within the ecosystem and access exclusive SKYGATE services. The total supply is 10 billion SKYGATE TOKENS, with 7 billion (hard cap) available for purchase in multiple batches. SKYGATE TOKENS can be purchased via the SKYGATE TOKEN website, which provides all relevant information. Buyers have a 14-day withdrawal period and a minimum purchase amount of EUR 100. Purchases can be made in euros or various cryptocurrencies, requiring an ERC20-compatible eWallet. Tokens are transferred immediately to the buyer's specified eWallet after payment. Buyers must accept the SKYGATE Token Purchase Agreement, General Terms, and Privacy Policy, and complete KYC (Know Your Client) procedures during the purchase. Beyond payment and KYC, buyers/owners have no further obligations. Owners of SKYGATE TOKENS can access the SKYGATE ecosystem, use tokens for payment, and transfer them in whole or part to third parties. Project updates, adjustments, and legal changes will be communicated transparently via the SKYGATE TOKEN website and newsletter.
09 Further information about utility tokens	The SKYGATE TOKEN provides access to the SKYGATE ecosystem. Starting from the public sale, services offered by the SKYGATE ACADEMY can be accessed under exceptional conditions. These include fun flights in flight simulators at the SKYGATE AVIATION CENTER, flights where participants can take the controls under the guidance of an experienced pilot, or aptitude tests for qualifying as an airline pilot. The SKYGATE ACADEMY offers training programs ranging from private pilot licenses to airline pilot qualifications and much more! As the project progresses and operations expand, SKYGATE aims to make its products and services accessible to a broader customer base. Through a unique financing system, aspiring pilots paying with SKYGATE TOKENS can save up to 50% on their training costs. In the long term, SKYGATE seeks to revolutionize airline training and make it affordable for everyone through the TOKEN. Additionally, services offered by SKYGATE aim to help airlines save approximately 50% on training costs. Continuous updates on the project's progress are available on the SKYGATE TOKEN website. All services offered will remain permanently available and free of restrictions. Transfer Restrictions of SKYGATE TOKENS: Team tokens are subject to a 5-year lock-up period, while tokens for advisors/partners have a 3-year lock-up period. Tokens purchased during the presale phase with significant discounts may also be subject to a lock-up period. Current information regarding sales phases, discounts, and transfer restrictions can be found on the SKYGATE TOKEN website.
10 Key information about the offer to the public or admission to trading	The issuance of SKYGATE TOKENS is intended to finance the SKYGATE project described in this whitepaper and is aimed at both individuals and legal entities. The total supply amounts to 10 billion SKYGATE TOKENS (SKYG), of which 7 billion SKYG (HARD CAP) will be offered for sale in 12 batches. Each project phase can be successfully implemented as an economically independent unit. The minimum number of SKYGATE TOKENS to be sold (SOFT CAP) is set at 3.5 billion to realize key parts of the project. The offer is not time-limited and remains valid until all available tokens are sold. Prices vary depending on the current batch. Information about the active batch and its price is available on the SKYGATE TOKEN website. During early phases, tokens are offered at significant discounts, with Batch 1 being the most affordable phase. Discounts decrease with each subsequent batch. No subscription, transfer, or additional fees are charged to buyers.
Part A - Information about offeror or person seeking admission to trading
A.1 Name	SKYGATE Network GmbH
A.2 Legal form	GmbH
A.3 Registered address
Registered addess	Kasernenstrasse 1 5071-Wals AT
Country	Austria
Sub-division	Wals-Siezenheim
A.4 Head office
Head office	Kasernenstrasse 1 5071-Wals AT
Country	Austria
Sub-division	Wals-Siezenheim
A.5 Registration date	2020-09-02
A.6 Legal entity identifier	984500BBFE52FE449926
A.7 Another identifier required pursuant to applicable national law	not applicable
A.8 Contact telephone number	+43 (0)662 203000
A.9 E-mail address	info@skygatetoken.at
A.10 Response time (days)	7
A.11 Parent company	not applicable
A.12 Members of the management body
Member #1
Identity	Gerhard Wimmer
Business address	Kasernenstrasse 1, AT-5071-Wals
Function	CEO
A.13 Business activity	The provider's business activity involves issuing a cryptocurrency (SKYGATE TOKEN) to implement the project described in this whitepaper. The SKYGATE project focuses on providing goods and services in the aviation training sector. From the start of the sale, the goods and services offered by SKYGATE can be exchanged for SKYGATE TOKENS. The SKYGATE TOKEN offers a wide range of real-world applications! The services offered by SKYGATE stand out due to their quality, digitization, and, above all, their significantly broader scope compared to conventional systems. By establishing the world's first competence center for analog and digital applications in aviation training, SKYGATE aims to not only revolutionize the training of operational aviation personnel but also make it accessible to a wider audience through a unique financing model.
A.14 Parent company business activity	not applicable
A.15 Newly established	NO, the company was founded in 2020!
A.16 Financial condition for the past three years	Founding and Development Phase Skygate Network GmbH was founded on September 2, 2020. Until September 2024, the company was solely focused on project development and implementation. During this period, no active business operations were conducted. There were minimal or no revenues and expenditures, and the minimum corporate tax was paid. Necessary payments were covered using the share capital deposited by the project initiator. No outstanding liabilities remained from this phase. Due to the absence of active business operations from the company's inception until September 2024, no detailed financial analysis can be provided as the requisite data is unavailable. This phase was essential for laying the foundation for future business activities. Financial Statements The financial statements for the past three years have been duly prepared and submitted on time to the Austrian commercial court register. These published annual reports reflect near-zero results, owing to the lack of business activities during the described founding and development phase. Liquidity As of the creation of this whitepaper, the company's liquidity is positive. From the start of the public sale on September 15, 2024, until the whitepaper's preparation date on December 30, 2024, the company generated revenues through token sales. There are no outstanding liabilities. The company is in a strong financial starting position. It has sufficient liquid funds and resources to commence its planned business activities, which will officially begin with the issuance of the SKYGATE TOKEN on February 15, 2025. All revenues from the token issuance will be fully invested in achieving the described business objectives.
A.17 Financial condition since registration	Reference to point A.16
Part B - Information about issuer, if different from offeror or person seeking admission to trading
B.1 Issuer different from offerror or person seeking admission to trading	not applicable
B.2 Name	not applicable
B.3 Legal form	not applicable
B.4 Registered address
Registered addess	not applicable
Country	not applicable
Sub-division	>not applicable
B.5 Head office
Head office	not applicable
Country	not applicable
Sub-division	not applicable
B.6 Registration date	not applicable
B.7 Legal entity identifier	not applicable
B.8 Another identifier required pursuant to applicable national law	not applicable
B.9 Parent company	not applicable
B.10 Members of the management body
Member #1	not applicable
Identity	not applicable
Business address	not applicable
Function	not applicable
B.11 Business activity	not applicable
B.12 Parent company business activity	not applicable
Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
C.1 Name	not applicable
C.2 Legal form	not applicable
C.3 Registered address
Registered address	not applicable
Country	not applicable
Sub-division	not applicable
C.4 Head office
Head office	not applicable
Country	not applicable
Sub-division	not applicable
C.5 Registration date	not applicable
C.6 Legal entity identifier	not applicable
C.7 Another identifier required pursuant to applicable national law	not applicable
C.8 Parent company	not applicable
C.9 Reason for crypto-asset white paper preparation	not applicable
C.10 Members of the management body
Member #1	not applicable
Identity	not applicable
Business address	not applicable
Function	not applicable
C.11 Operator business activity	not applicable
C.12 Parent company business activity	not applicable
C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	not applicable
C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114	not applicable
Part D - Information about other token project
D.1 Crypto-asset project name	SKYGATE TOKEN
D.2 Crypto-asset name	SKYGATE TOKEN
D.3 Abbreviation	SKYG
D.4 Crypto-asset project description	The SKYGATE TOKEN is a digital currency with a maximum limit of 10,000,000,000 tokens. The sale of the SKYGATE TOKEN aims to finance the SKYGATE project, with the primary goal of digitizing key areas of aviation. SKYGATE intends to bring aviation onto the blockchain! The SKYGATE TOKEN provides access to the SKYGATE ecosystem and offers various real-world applications. From the beginning of the sale, goods and services offered by SKYGATE can be exchanged for SKYGATE TOKENS. SKYGATE's services stand out due to their exceptional quality, digitization, and, above all, their significantly broader scope compared to traditional systems. By establishing the world's first competence center for analog and digital applications in aviation training, SKYGATE aims to revolutionize the training of operational aviation personnel. Additionally, through a unique financing model, these training programs will be made accessible to a wider audience.
D.5 Details of all natural or legal persons involved in implementation of crypto-asset project
Person #1
Type of person	Advisor
Name of person	Gerhard Wimmer
Business address of person	Kasernenstrasse 1, AT-5071-Wals
Domicile of company	Austria
Person #2
Type of person	Development team
Name of person	Digital Factor GmbH
Business address of person	Blütenstrasse 15, 80799 München
Domicile of company	Germany
Person #3
Type of person	Development team
Name of person	Idnow GmbH
Business address of person	Auenstraße 100, 80469 München
Domicile of company	Germany
Person #4
Type of person	Other person involved in implementation
Name of person	Fox Informationstechnologie GmbH
Business address of person	Dr.Fritz-Seifert-Str. 10, 4863 Seewalchen am Attersee
Domicile of company	Austria
Person #5
Type of person	Other person involved in implementation
Name of person	S7 Code & Design
Business address of person	Naradnog Fronta 21/107, 21000 Novi Sad
Domicile of company	Serbia
Person #6
Type of person	Other person involved in implementation
Name of person	Hellweis Kreativ GmbH
Business address of person	Innsbrucker Bundesstraße 47, A-5020 Salzburg
Domicile of company	Austria
D.6 Utility token classification	YES
D.7 Key features of goods or services for utility token projects	SKYGATE offers digital and analog goods and services in the field of aviation training. The services provided by SKYGATE stand out due to their exceptional quality, advanced digitization, and, most notably, their significantly broader scope compared to traditional systems. By establishing the world's first competence center for analog and digital applications in aviation training, SKYGATE aims to revolutionize the training of aviation personnel. Furthermore, through a unique financing model, these training programs will be made accessible to a wide range of customers.
D.8 Plans for the token
Description of past milestones	INITIAL PHASE (March 2020 – December 2022) The fundamental idea of the project was conceived; discussions with blockchain experts about the project concept; development and finalization of the concept; research and development of resources for the project; resolution of legal issues. DEVELOPMENT PHASE (January 2023 – July 2024) Launch of the pilot project; recruitment of specialists; security audit; initial evaluation established; creation of tokens; compliance audit; development of targeted marketing campaigns; creation of reward/bonus/loyalty programs. LAUNCH PHASE (August 2024) Launch of the SKYGATE website; initiation of the first marketing campaign; soft launch of the presale from September 15, 2024, to December 30, 2024; distribution of purchased tokens. IMPLEMENTATION PHASE I Continuation of the presale; introduction of the bonus program; execution of project objectives; formation of strategic alliances with technology providers; ongoing detailed market research to stay ahead of trends; regular updates to the community to build transparency and trust. IMPLEMENTATION PHASE II Sales phase (batches 10–12); distribution of tokens from the rewards program; continuous investment in project progress; establishment of a responsive support team to assist the community.
Description of future milestones	IMPLEMENTATION PHASE II Sales phase (batches 10–12); distribution of tokens from the rewards program; continuous investment in project progress; establishment of a responsive support team to assist the community. FINAL PHASE Successful completion of all project objectives; launch of the loyalty program; review for trading approval; formation of airline partnerships.
D.9 Resource allocation	The resources required for the project, such as personnel, experienced management staff, appropriate facilities and infrastructure, as well as technical equipment, are already available. All financial means necessary for project preparation and the successful project launch since the company's founding have been provided by the project initiators.
D.10 Planned use of collected funds or other tokens	The revenue generated from the sale of SKYGATE TOKENS will be used to achieve the project objectives. This includes covering the ongoing operational costs of the business as well as investing in advertising and marketing to ensure the successful sale of SKYGATE TOKENS. In the initial phase of the SKYGATE TOKEN's launch, a significant portion of the funds will be allocated to operational expenses and advertising/marketing efforts. Additional investment funds will then be directed toward the planned project implementations. Progress made as a result of these investments will be regularly published on the SKYGATE TOKEN website. The entire project can only be successfully implemented if the necessary funds are secured through the sale of all SKYGATE TOKENS. If only a portion of the SKYGATE TOKENS are sold, only a corresponding portion of the project can be successfully executed.
Part E - Information about offer to public of other tokens or their admission to trading
E.1 Public offering or admission to trading	Offer to public
E.2 Reasons for public offer or admission to trading	The public offering described in this whitepaper pertains to the new issuance of the SKYGATE TOKEN (SKYG). The sale of the SKYGATE TOKEN is conducted to realize and finance the project. The SKYGATE TOKEN provides access to the SKYGATE ecosystem and offers various real-world applications.
E.3 Fundraising target
Target expressed in currency	135000000 EUR
Target expressed in units	135000000
Target expressed in digital token identifier
E.4 Minimum subscription goals
Goals expressed in currency	0 EUR
Goals expressed in units	0
Goals expressed in digital token identifier
E.5 Maximum subscription goals
Goasl expressed in currency	1350000000 EUR
Goals expressed in units	1350000000
Goals expressed in digital token identifier
E.6 Oversubscription acceptance	Oversubscriptions are not accepted
E.7 Oversubscription allocation	not applicable
Issue price details
E.8 Issue price	0.005
E.9 Official currency determining issue price	Euro
E.9 Any other tokens determining issue price	not applicable
E.10 Subscription fee
Fee expressed in currency	0 EUR
Fee expressed in units	0
Fee expressed in digital token identifier
E.11 Offer price determination method	The offering price is determined by the issuer. The sale of SKYGATE TOKEN (SKYG) takes place in multiple "Batches." The pre-sale begins with "Batch 1," where SKYGATE TOKEN (SKYG) can be purchased at the lowest price. Once a certain number of SKYGATE TOKEN (SKYG) have been sold, the next "Batch" starts at a slightly higher price. The total number of SKYGATE TOKEN (SKYG) issued in each "Batch," multiplied by the offering price of that "Batch," results in the planned investment capital (Hard Cap). Batch 1 € 0,005 - Batch 12 € 0,05.
E.12 Total number of offered or traded other tokens	7000000000 SKYG
E.13 Targeted holders	All types of investors
E.14 Holder restrictions	NOT ELIGIBLE TO PURCHASE SKYGATE TOKENS 1. Participation in the token sale is prohibited to persons who... ... are located in countries where the sale or purchase of cryptocurrencies is prohibited by law. ... fall below the legal minimum age for purchasing tokens. ... be related to illegal activities or money laundering. ... be on a sanctions list or associated with terrorist organizations or activities. ... be prevented from participating in token sales by authorities or courts. ... Have not successfully passed AML verification (depending on the purchase amount). ... Violated the terms or policies of this Token Sales Agreement and the Issuer's Terms and Conditions. ... are defined as a "Special Category Person" by the Office of Foreign Assets Control or are otherwise listed on sanctions lists in any jurisdiction; ... are nationals, residents or tax residents of a country blacklisted by the FATF; ... Are nationals, residents and/or tax residents of one of the following jurisdictions: Afghanistan, Angola, Algeria, Bahamas, Bangladesh, Bolivia, Botswana, Burma (Myanmar), Burundi, Cambodia, Chad, China, Guinea, Ivory Coast, Crimea (Region of Ukraine), Cuba, Democratic People's Republic of Korea, Egypt, Equatorial Guinea, Eritrea, Ghana, Guinea-Bissau, Guyana, Iceland, Iran, Iraq, Haiti, Laos, Lebanon, Libya, Mali, Mongolia, Morocco, Myanmar, Nepal, Nicaragua, North Macedonia , Pakistan, Panama, Qatar, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, Uganda, United States, Vanuatu, Venezuela, Yemen, Zimbabwe and other countries and jurisdictions where these services are not provided due to legal requirements can become; ... are nationals, residents and/or tax residents of a country or territory where cryptocurrencies are prohibited or do not have legal status or where users cannot be authorized to purchase tokens due to various tax and/or legal issues; ... are on trade or economic sanctions lists, such as: B. the UN Security Council Consolidated List, or when participation in a tender is restricted or prohibited by the European Union, the Hong Kong Monetary Authority, the Hong Kong Customs and Revenue Service, the Office of Foreign Assets Control or any other administrative enforcement agency.
E.15 Reimbursement notice	Purchasers participating in the offer to the public of crypto-asset will be able to be reimbursed if the minimum target subscription goal is not reached at the end of the offer to the public, if they exercise the right to withdrawal provided for in Article 13 of Regulation (EU) 2023/1114 of the European Parliament and of the Council or if the offer is cancelled
E.16 Refund mechanism	Due to the perpetual offering, as per Article 10(4) of Regulation (EU) 2023/1114, applicable only during the withdrawal period in accordance with Article 13 of Regulation (EU) 2023/1114. Regarding the refund mechanism, we refer to Section E.26 (Right of Withdrawal).
E.17 Refund timeline	Due to the perpetual offering, as per Article 10(4) of Regulation (EU) 2023/1114, applicable only during the withdrawal period in accordance with Article 13 of Regulation (EU) 2023/1114. Regarding the refund schedule, we refer to Section E.26 (Right of Withdrawal).
E.18 Offer phases	The public offering for the sale of the SKYGATE TOKEN (SKYG) is open-ended and conducted in multiple offering phases ("batches"). In total, there are 12 batches!
E.19 Early purchase discount	The sale of SKYGATE TOKEN (SKYG) takes place in multiple offering phases ("Batches"). The pre-sale begins with "Batch 1," where SKYGATE TOKEN (SKYG) can be purchased at the lowest price. Once a certain number of SKYGATE TOKEN (SKYG) have been sold, the next "Batch" starts at a slightly higher price. The SKYGATE TOKEN website shows which "Batch" we are currently in and the current offering price.
E.20 Time-limited offer	The offer is unlimited.
E.21 Subscription period beginning	not applicable
E.22 Subscription period end	not applicable
E.23 Safeguarding arrangements for offered funds or other tokens	As a precaution for the secure storage of monetary funds or other crypto-assets in accordance with Article 10 of Regulation (EU) 2023/1114 during a withdrawal period, the buyer's investments in euros will be held by the provider (SKYGATE Network GmbH) in a bank account of a reputable European bank until the end of any potential withdrawal period. If payment is made by the buyer in crypto-assets, these will also be securely stored in the provider's (SKYGATE Network GmbH) eWallet until the expiration of the withdrawal period.
E.24 Payment methods for other token purchase	For purchasing SKYGATE TOKEN (SKYG), various payment methods are available. Purchases can be made in different cryptocurrencies as well as in euros. For payments in euros, multiple payment methods are offered. SKYGATE strives to provide buyers with an attractive selection of payment options. Payment methods are subject to change. Not all payment methods may be available in every country where the SKYGATE TOKEN is offered for purchase. Buyers are not entitled to any specific payment method! The currently available payment methods can be found on the SKYGATE TOKEN website.
E.25 Value transfer methods for reimbursement	In the event of a timely withdrawal in accordance with E.26, the buyer will receive a refund of the exact amount they invested. Any SKYGATE TOKENs (SKYG) already transferred to the buyer must be returned to SKYGATE by the buyer in the event of a withdrawal.
E.26 Right of withdrawal	According to Article 13 of the MiCAR (Market in Crypto Assets Regulation), retail investors have the right to withdraw from the contract (token sale agreement) within fourteen days without providing any reason. The withdrawal is free of charge and without cost and can be made without stating any reasons. The withdrawal period begins on the day the purchase of the SKYGATE TOKEN (SKYG) is agreed upon. All payments received from the retail investor, including any fees, will be refunded promptly and in any case no later than 14 days after the day SKYGATE has been informed by email (widerruf@skygatetoken.at) or by registered mail (Kasernenstrasse 1, A-5071 Wals) of the retail investor's decision to withdraw their consent to the purchase of SKYGATE TOKEN (SKYG). Refunds to the retail investor will be made using the same payment method that the retail investor used in the original transaction unless explicitly agreed otherwise with the retail investor, provided that the retail investor does not incur any fees or costs as a result of such a refund.
E.27 Transfer of purchased other tokens
E.28 Transfer time schedule	The transfer of SKYGATE TOKENs (SKYG) will take place no later than 14 days after the withdrawal period has expired.
E.29 Purchaser's technical requirements	The buyer requires an electronic wallet (eWallet) that complies with the ERC20 standard!
Other token services provider characteristics
E.30 Other token service provider (CASP) name	not applicable
E.31 CASP identifier
E.32 Placement form	not applicable
Trading platforms characteristics
E.33 Trading platforms name	not applicable
E.34 Trading platforms market identifier code (MIC)	not applicable
E.35 Trading platforms access	not applicable
E.36 Involved costs	not applicable
E.37 Offer expenses	not applicable
E.38 Conflicts of interest	not applicable
E.39 Applicable law	Austrian law is agreed upon for the purchase of SKYGATE TOKEN (SKYG)
E.40 Competent court	The place of jurisdiction is Salzburg (Austria)
Part F - Information about other tokens
F.1 Crypto-asset type	The SKYGATE TOKEN is a utility token according to Article 3(1) of MiCAR and is classified as a "crypto-asset other than asset-referenced tokens or e-money tokens." It is solely intended to provide access to services and products within the SKYGATE ecosystem. The SKYGATE TOKEN was created on the Ethereum platform in compliance with the ERC20 standard. The token does not serve as a means of payment, financial instrument, or security, and it does not grant ownership or participation rights.
F.2 Other token functionality	The SKYGATE TOKEN is a utility token that serves various functions within the SKYGATE ecosystem. Its primary purpose is to provide access to SKYGATE's services and products, which are available from the start of the public sale. The SKYGATE TOKEN is designed to offer token holders exclusive benefits within the SKYGATE ecosystem. Upon the successful implementation of the SKYGATE project, SKYGATE may apply for trading approval and list the SKYGATE TOKEN on one or more cryptocurrency exchanges. However, there is no guarantee of this. If the SKYGATE TOKEN is listed on a cryptocurrency exchange, it can be traded for fiat currency or other cryptocurrencies.
F.3 Planned application of functionalities	Services and goods from SKYGATE are available from the start of the public offering and can be exchanged for SKYGATE TOKENS (SKYG). With the successful implementation of the project and the creation of the world's first competence center for analog and digital applications in aviation training, the training of aviation personnel is not only set to be revolutionized but also made accessible to a broad customer base through a unique financing model.
A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article
F.4 Type of crypto-asset white paper	Other crypto-asset token white paper
F.5 Type of submission	New
F.6 Other token characteristics	The SKYGATE TOKEN has the following characteristics: 1. Technical Features: The SKYGATE TOKEN is based on the Ethereum blockchain and implemented according to the ERC20 standard. The token is divisible up to 18 decimal places. 2. Legal Features: The SKYGATE TOKEN is classified as a utility token under MiCAR and as a crypto asset that is neither categorized as an asset-referenced token nor an e-money token. It is solely intended to provide access to products and services within the SKYGATE ecosystem. It does not grant ownership rights, dividends, interest, returns, or participation rights. 3. Economic Features: The token enables the purchase of products and services as well as access to exclusive benefits within the SKYGATE ecosystem. After a potential listing on cryptocurrency exchanges, the SKYGATE TOKEN may be traded, although such a listing is not guaranteed.
F.7 Commercial name or trading name	SKYGATE TOKEN (SKYG)
F.8 Website of the issuer	WWW.SKYGATETOKEN.AT
F.9 Starting date of offer to the public or admission to trading	2024-09-15
F.10 Publication date	2025-01-28
F.11 Any other services provided by the issuer	No other services are provided!
F.12 Language or languages of white paper	ENGLISH
F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available	not applicable
F.14 Functionally fungible group digital token identifier, where available	not applicable
F.15 Voluntary data flag	The whitepaper does not contain any voluntary data!
F.16 Personal data flag	The whitepaper does not contain any personal data!
F.17 LEI eligibility	The issuer has a Legal Entity Identifier!
F.18 Home member state	Austria
F.19 Host member states #1	Austria
F.19 Host member states #2	Belgium
F.19 Host member states #3	Bulgaria
F.19 Host member states #4	Croatia
F.19 Host member states #5	Cyprus
F.19 Host member states #6	Czechia
F.19 Host member states #7	Denmark
F.19 Host member states #8	Estonia
F.19 Host member states #9	Finland
F.19 Host member states #10	France
F.19 Host member states #11	Germany
F.19 Host member states #12	Greece
F.19 Host member states #13	Hungary
F.19 Host member states #14	Iceland
F.19 Host member states #15	Ireland
F.19 Host member states #16	Italy
F.19 Host member states #17	Latvia
F.19 Host member states #18	Lithuania
F.19 Host member states #19	Luxembourg
F.19 Host member states #20	Malta
F.19 Host member states #21	Netherlands
F.19 Host member states #22	Poland
F.19 Host member states #23	Portugal
F.19 Host member states #24	Romania
F.19 Host member states #25	Slovakia
F.19 Host member states #26	Slovenia
F.19 Host member states #27	Spain
F.19 Host member states #28	Sweden
Part G - Information on rights and obligations attached to other tokens
G.1 Purchaser rights and obligations	Right to Exchange for Services/Products: After purchasing the SKYGATE TOKEN, the token holder has the right to exchange the token for products and services offered by SKYGATE. Right of Transfer: The holder can transfer SKYGATE TOKENS to third parties. Upon transfer, all rights and obligations are transferred to the new holder. Trading: If the SKYGATE TOKEN is listed on cryptocurrency exchanges, holders can trade their tokens there. Obligations of the Token Holder: Payment of Purchase Price: Token buyers must pay the agreed purchase price when acquiring SKYGATE TOKENS and complete the KYC process (anti-money laundering compliance) during the purchase. This is the buyer's only obligation.
G.2 Exercise of rights and obligations	Exchange for Services and Products: Services and products will be published on the SKYGATE website. Token holders can exchange SKYGATE TOKENS for services and products starting from the public offering. Prices for products can be requested from SKYGATE. After receiving a proper invoice for purchased services and products, token holders must transfer the required number of SKYGATE TOKENS to the eWallet address provided by SKYGATE. Transfer to Third Parties: SKYGATE TOKENS can be transferred directly via the Ethereum blockchain. All rights and obligations are transferred to the new holder upon transfer. General: All rights, obligations, and conditions must be exercised in compliance with applicable laws and the provisions outlined in the whitepaper. Changes or new information will be regularly published on the SKYGATE website and through the newsletter.
G.3 Conditions for modifications of rights and obligations	The offerer hereby confirms that it will not change the rights described in this Whitepaper and that it will not impose any further obligations on token holders even after the public offer has been completed.
G.4 Future public offers	not applicable
G.5 Issuer retained other token	5% of the total available SKYGATE TOKEN will be held by the issuer and the SKYGATE team.
G.6 Utility token classification	The SKYGATE TOKEN is a "utility token"!
G.7 Key features of goods or services utility tokens	The SKYGATE TOKEN provides access to the SKYGATE ecosystem. Starting from the public sale, services offered by the SKYGATE ACADEMY can be accessed under exceptional conditions. These include fun flights in flight simulators at the SKYGATE AVIATION CENTER, flights where participants can take the controls under the guidance of an experienced pilot, or aptitude tests for qualifying as an airline pilot. The SKYGATE ACADEMY offers training programs ranging from private pilot licenses to airline pilot qualifications and much more! As the project progresses and operations expand, SKYGATE aims to make its products and services accessible to a broader customer base. Through a unique financing system, aspiring pilots paying with SKYGATE TOKENS can save up to 50% on their training costs. In the long term, SKYGATE seeks to revolutionize airline training and make it affordable for everyone through the TOKEN. Additionally, services offered by SKYGATE aim to help airlines save approximately 50% on training costs. Continuous updates on the project's progress are available on the SKYGATE TOKEN website. All services offered will remain permanently available and free of restrictions.
G.8 Utility tokens redemption	Reference to Point G.2
G.9 Non-trading request	No application for trading approval has been submitted! After the successful implementation of the SKYGATE project, SKYGATE may apply for trading approval and list the SKYGATE TOKEN on one or more cryptocurrency exchanges. However, there is no guarantee of this. If the SKYGATE TOKEN is listed on a cryptocurrency exchange, it can be exchanged for fiat currency or other cryptocurrencies.
G.10 Other tokens purchase or sale modalities	Reference to Point G.9
G.11 Other tokens transfer restrictions	Restrictions on the Transferability of SKYGATE TOKEN: Tokens allocated to the SKYGATE team are subject to a 5-year lock-up period, during which they cannot be transferred. Tokens granted to advisors or partners as compensation for their support in the development of the SKYGATE TOKEN project are subject to a 3-year lock-up period. If SKYGATE TOKEN are offered during the presale phase at significant discounts, such tokens may also be subject to a lock-up period restricting their transferability. Current information regarding the ongoing sales phase, discounts, or potential restrictions on transferability is published on the SKYGATE TOKEN website.
G.12 Supply adjustment protocols	not applicable
G.13 Supply adjustment mechanisms	not applicable
Other token schemes details
G.14 Token value protection schemes	not applicable
G.15 Token value protection schemes description	not applicable
G.16 Compensation schemes	The crypto asset does not have a compensation mechanism!
G.17 Compensation schemes description	not applicable
G.18 Applicable law	Austrian law is agreed upon for the purchase of SKYGATE TOKEN (SKYG)
G.19 Competent court	The place of jurisdiction is Salzburg (Austria)
Part H – Information on underlying technology
H.1 Distributed ledger technology (DTL)	The SKYGATE TOKEN is based on the Ethereum blockchain, an established Distributed-Ledger Technology (DLT) widely used worldwide for numerous cryptocurrency and smart contract projects. Technology Used: The SKYGATE TOKEN has been implemented on the Ethereum blockchain in compliance with the ERC20 standard. This standard ensures compatibility and interoperability with existing wallets, exchanges, and decentralized applications (DApps) that also support the ERC20 standard. The Ethereum blockchain is a public, decentralized blockchain that ensures security and transparency through its robust and proven network. Technological Advantages: Security: The Ethereum blockchain provides a high level of protection against manipulation due to its decentralized structure and consensus mechanism. Transparency: All transactions, including the transfer of SKYGATE TOKEN, are publicly visible on the Ethereum blockchain. Smart Contracts: The SKYGATE TOKEN is managed through smart contracts, which enable automation, efficiency, and traceability in token management. Role of Technology in the Project: The Ethereum blockchain serves solely as the technological foundation for the issuance and management of the SKYGATE TOKEN. No proprietary blockchain was developed, as the project's focus is on leveraging existing, proven technologies for the efficient financing and management of the SKYGATE project.
H.2 Protocols and technical standards	Ethereum Blockchain Protocol: The SKYGATE TOKEN is based on the Ethereum protocol, which utilizes decentralized Distributed-Ledger Technology. This protocol provides the foundation for secure transactions and smart contracts. ERC20 Token Standard: The ERC20 standard is a technical protocol for issuing and managing tokens, ensuring that the SKYGATE TOKEN is compatible with most wallets, exchanges, and decentralized applications (DApps).
H.3 Technology used	The SKYGATE TOKEN is based on the proven Ethereum blockchain technology, a decentralized Distributed-Ledger Technology that serves as the foundation for a wide range of cryptocurrency and smart contract projects worldwide.
H.4 Consensus mechanism	Proof-of-Stake (PoS)-Mechanism
H.5 Incentive mechanisms and applicable fees	The security of transactions involving SKYGATE TOKEN is fully ensured by the Ethereum blockchain. The issuer does not provide its own incentive mechanisms but relies on the existing security mechanisms and fee structures of the Ethereum platform.
H.6 Use of distributed ledger technology	"The SKYGATE TOKEN is fully issued, transferred, and stored on the Ethereum blockchain, a public and decentralized distributed ledger technology. The Ethereum blockchain is not operated by the issuer (SKYGATE Network GmbH). It is an independent, public distributed ledger technology maintained by a global community of validators and developers."
H.7 DLT functionality description	Decentralization: The Ethereum blockchain is a decentralized network operated by a global community of validators and developers. There is no central operator or control point. Transparency and Immutability: Transactions on the Ethereum blockchain are transparent and recorded on a public, immutable ledger accessible to all users. Smart Contracts: The SKYGATE TOKEN is based on the ERC20 standard, a smart contract protocol that defines rules for token transactions and interactions (e.g., transferability, divisibility, and supply). Security: The Ethereum blockchain is secure against manipulation and attacks through cryptographic methods. Each transaction is verified and confirmed by the network's validators. Automated Processes: Smart contracts enable automated and programmable actions, such as the transfer of SKYGATE TOKEN directly to the buyer's wallet address after a transaction.
Other token audit details
H.8 Audit	An external security audit has been conducted!
H.9 Audit outcome	Securty audit passed
Part I - Information on risks
I.1 Offer-related risks	The public offering of crypto-assets, including SKYGATE TOKEN, involves certain general risks that are common in the cryptocurrency industry. These risks are not specific to our project but affect the entire industry and depend on individual market conditions and regulatory frameworks. Market Uncertainty: As with any new project in the cryptocurrency industry, the success of the public offering depends on factors such as general market conditions, demand for the services offered, and investor confidence. There is a possibility that the planned funds may not be fully raised, which could impact the timeline or scope of the project implementation. Regulatory Risks: The legal status of cryptocurrencies, including SKYGATE TOKEN, can vary across jurisdictions. While we comply with existing regulations, the introduction of new regulatory systems or changes to existing laws could influence the use or trading of cryptocurrencies. This risk is inherent to the entire industry and not specific to our project. Risk of Uninsured Losses: Cryptocurrencies are generally not covered by public insurance. The issuer does not offer insurance to cover potential losses. Risks Related to Token Markets: SKYGATE TOKEN is primarily intended for accessing the services of our company. The potential for a secondary market for the token depends on future developments, which cannot be guaranteed at this time. Pursuant to Article 6(5) of MiCAR, we draw attention to the risks that a crypto asset may lose its value in whole or in part, that a crypto asset may not always be transferable, or that the crypto asset may not be liquid. All of these risks may also apply to the SKYGATE TOKEN (SKYG)!
I.2 Issuer-related risks	The risks described here are general considerations that can be relevant to any company in an early development phase and should not be interpreted as specific issues of our company. Dependence on Key Personnel: As in many companies, success strongly depends on the individuals involved. The loss of key personnel could cause delays in any project. However, we have taken steps to mitigate such risks, such as building a competent and reliable team. Financial Stability: The execution of projects in the cryptocurrency industry requires careful budgeting and management. SKYGATE Network GmbH is committed to ensuring financial stability and has planned the project based on realistic assumptions. Risk of Company Dissolution: As with any company operating in a dynamic industry, there is a potential risk of insolvency. Operating expenses are incurred during business operations. If the sale of SKYGATE TOKEN progresses more slowly than anticipated, there is a risk that costs may exceed revenues.
I.3 Other tokens-related risks	These risks are not specific to SKYGATE TOKEN but apply generally to the use and management of cryptocurrencies. Loss of Access to Tokens: Secure management of private keys is essential for accessing cryptocurrencies. Users should therefore rely on proven wallets and custody services to minimize the risk of loss. Risk of Cryptographic Vulnerabilities: Technological advancements, such as quantum computing, could pose potential risks to cryptocurrencies. However, the industry is actively working to anticipate such developments and implement solutions. Risk of Insufficient Interest: The success of a token depends on its acceptance. SKYGATE is actively working to foster demand through high-quality services and a strong community.
I.4 Project implementation-related risks	The risks described here are generally applicable to projects in a development phase and are not specific to our project. Dependence on Successful Fundraising: Projects like ours require successful fundraising. However, we have developed a solid concept to maximize the realization of our project goals. Project Delays: Delays can occur in any development process. Our team is committed to minimizing such delays and will keep investors regularly informed about progress. External Factors: Political, economic, or regulatory changes can impact any project. SKYGATE closely monitors developments in the industry and strives to adapt proactively.
I.5 Technology-related risks	The technology used is based on the proven Ethereum blockchain, which has been successfully utilized by numerous projects. However, there are general technological risks in the industry. Dependence on the Ethereum Blockchain: The Ethereum blockchain is a stable and reliable platform. Nevertheless, unexpected issues could arise, as with any technology. Risk of Security Vulnerabilities: Security vulnerabilities in the blockchain or smart contracts could theoretically occur. SKYGATE has conducted an external audit to minimize such risks. Technological Advancements: Blockchain technology is evolving rapidly. SKYGATE closely monitors these developments and will adapt the technologies used as needed.
I.6 Mitigation measures	SKYGATE has taken measures to minimize the described risks as much as possible: Secure Management of Private Keys: We recommend that our users rely on proven wallets and secure storage solutions. Transparent Communication: We keep our users and investors regularly informed about progress and developments. Proven Technology: By utilizing the established Ethereum platform, we benefit from a stable and secure foundation.
Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
J.1 Adverse impacts on climate and other environment-related adverse impacts	Currently, there are no adverse impacts on the climate and no other environmentally related adverse effects either! With the Skygate Token, we aim to finance our project. Following the successful sale of a specific number of Skygate Tokens and the commencement of project implementation, we commit to systematically analyzing any potential adverse impacts of our company and project on the climate and other environmental aspects. Our goal is to take continuous responsibility for the environment and climate as the project progresses. Goals of Future Analysis In line with our vision for sustainable development, we will take measures to minimize negative environmental impacts as the project advances. This will specifically include risk assessments and the implementation of concrete mitigation strategies. Sustainability as a Long-Term Goal Our commitment to environmental and climate protection does not end with project financing. Instead, we see it as an ongoing process in which we consistently focus on avoiding and reducing adverse impacts throughout the entire project lifecycle. Regular reporting and transparent communication will ensure that all stakeholders are informed about progress and challenges. Summary With the Skygate Token, we are laying the foundation for an innovative project that not only pursues economic goals but also aspires to be sustainable and environmentally conscious. Our commitment to analyzing and reducing adverse impacts on the climate and environment is a key component of our vision and will be an integral part of the project's implementation.