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Lenders who commit their SKW tokens for a six-month lock-in period gain access to membership that offers benefits such as increased rewards on debit card transactions and a higher supply lending limit. This encourages long-term engagement in the platform.
SKW Utility for Borrowers:
SKW tokens are needed for platform access at loan origination. This aligns their interests with the success of the platform and sustains a robust demand for the token.
SKW Token Release and Allocation:
Private Sale: 6% (12 million SKW) at $0.05 each, aiming to raise $600,000. This round includes a 12-month cliff, after which distribution occurs linearly over the following 12 months. An additional benefit includes an 18% APR interest, paid in USDT, from the end of the Private Sale until the start of linear distribution, so minimum 12 months + all months that will be between the end of the Private Sale and the Token Generation Event (TGE)
Pre Launch Sale: 10% (20 Million SKW) at $0.05 each, targeting a raise of $1,000,000. Fully released at the token Generation Event.
Early Adopter Round: 14% (28 Million SKW) at $0.06 each, targeting a raise of $1,680,000 with a 6 month lock.
Public Sale: 25% (50 million SKW) 3-6 months after project launch
Team: 10% (20 million SKW) with a 24-month lock, followed by a linear distribution over the next 12 months post-lock.
Ecosystem Rewards: 25% (50 million SKW), allocated for rewards, marketing, and exchange listings, will be fully released at Token Generation Event (TGE).
Liquidity Pool: 10% (20 million SKW), fully released at Token Generation Event (TGE)