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$0.103724 4.69%
4.69%
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What is Sky?

Sky (SKY) is the governance token of the Sky Ecosystem, created through the rebrand of Maker (MKR). Building on the foundation of the Maker Protocol and its DAI stablecoin, the Sky Protocol introduces new products and governance mechanisms to simplify and expand access to DeFi.

  • The platform features upgrades such as USDS (the successor to DAI), the Skylink multichain interoperability solution, and Sky Stars (independent ecosystem projects).
  • SKY supports onchain governance with options for direct voting, delegated voting, and participation through the non-custodial Staking Engine, enabling users to earn rewards in USDS.
  • The SKY token is used for governance, staking, liquidity participation, reward distribution, and interoperability through the Skylink feature.

Sky aims to improve resilience, accessibility, and decentralisation in DeFi by creating an ecosystem that aligns product users, governance participants, and independent projects under one unified protocol.

How do I swap Sky?

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Select the quantity of Sky you would like to swap.
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Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Sky

Why Should I Trade SKY with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Sky no matter what your trading experience is. Unlike other international and Australian Sky exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Sky with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Sky how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Sky?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Sky for free.

Cold Storage

If you are holding Sky as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Sky. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Sky. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Sky has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Sky is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Sky exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Sky & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Sky safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Sky portfolio here.
Yes! With CoinSpot you can convert your Sky to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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