In the fast-paced world of digital content and creation, Skeb Coin is setting a new standard. Launched on the established Skeb platform—Japan's largest commission marketplace boasting over 113,000 native creators and 2 million users—Skeb Coin acts as a native governance token aimed at revolutionizing the creative industry. This cutting-edge token not only facilitates seamless transactions and fair compensation for creators, but it also empowers them to take control of their intellectual property and financial futures. Dive in to explore how Skeb Coin is poised to redefine the dynamics between creators and their audience in the ever-evolving digital landscape.
What Is Skeb?
Launched in November 2018, Skeb is the largest commission platform in Japan with over 113,000 native creators. The platform allows fans to request illustrations, comics, novels, and other works for a fee. Skeb strives to improve the status of creators by providing a platform where they receive fair compensation. After gaining more than 2 million users, Skeb Coin is going live as the native governance token on this platform, aiming to realize the Skebverse.
What is Skeb Coin?
Skeb Coin is the native token of the Skeb ecosystem. Its economy includes transaction fees, staking, locks, liquidity incentives, buybacks, burns, and a DAO treasury. These are powered by fees within the Skeb ecosystem. Fundamentally, Skeb Coin serves as the governance token of the Skeb ecosystem.
Who Are the Founders of Skeb Coin?
Kazunari Kida, the founder of Skeb, is a graduate of the University of Tsukuba, Department of Informatics, Faculty of Informatics. Widely known in the subculture industry by his handle "Narugami," Kida has worked for Dwango and DMM.com before becoming independent and personally developing Skeb in 2018.
Token Market Data
Coin Statistics:
- Current Price: $0.0015
- Market Cap: $1,761,579.59
- 24h Price Change: 2.82%
- 7d Price Change: 13.41%
- 30d Price Change: 0.41%
- 24h High: $0.0016
- 24h Low: $0.0015
- All-Time High: $0.0135 (2022-12-06)
- All-Time Low: $0.0006 (2023-06-08)
- Circulating Supply: 1,153,490,031.00
- Total Supply: 10,000,000,000.00
Purpose and Utility of Skeb Coin
Solving Power Imbalance
The Skeb Coin crypto token serves as a native governance token for the Skeb platform, which connects fans of Japanese content with talented creators. The token aims to solve the problem of power imbalance between companies and individual creators in Japan's overseas content market, valued at approximately 4 trillion yen and expanding yearly.
Decentralized Payment Method
Skeb Coin is designed to support the protection of creators' rights and the growth of the content market by using a one-shot method with no estimates, no meetings, and no requests. By providing a decentralized payment method using blockchain technology, Skeb Coin aims to create an environment that allows free expression and transactions, protecting freedom of expression in the face of expanding expression regulations.
Ecosystem Utilities
The token has several utilities within the Skeb ecosystem: 1. Ecosystem Income: Skeb Coin is used to collect transaction fees on the platform. 2. Token Value: The token's value is tied to the Skeb ecosystem, with transaction fees feeding into a DAO treasury. The DAO can vote to use treasury fees for buybacks, which can then be used for staking rewards. 3. Token Staking: Staking Skeb Coin allows users to participate in the community DAO, with staking rewards provided through fees paid by early staking exits. Staking also has a cooldown mechanism and deflationary aspects, which can increase the token's value over time.
Future Expansion
In the future, Skeb Coin will expand its utility to include mobile support for Skeb Coin payments and support for VR and AR assets on the Skebverse platform. This will allow the token to be used as a payment method in the Metaverse area, supporting creators in the rapidly growing virtual reality and augmented reality sectors.
Unique Features and Benefits
Governance and DAO Participation
One unique feature of Skeb Coin is its use in the Skeb ecosystem, where transaction fees are fed to a DAO treasury. The DAO can vote to use treasury fees for buybacks, which can then be used for staking rewards. This creates a buyback and burn mechanism, fostering the growth of the Skeb ecosystem.
Staking Mechanism
Skeb Coin also has a staking mechanism, where only stakers can participate in the community DAO. Staking is liquid but has a cooldown mechanism, creating a deflationary mechanism. Stakers who try to withdraw faster than the cooldown pay a fee, and fees paid by early staking exits pay yield to stakers.
Empowering Creators
These unique features and benefits set Skeb Coin apart from other tokens, as it fosters value diversification, enhances payment flexibility, and expands the range of services offered on the platform. Additionally, Skeb Coin empowers creators to monetize their work without intermediaries or platform fees, giving them true ownership over their works and control over their intellectual property rights. The token also provides creators with governance rights over the future direction and development of the Skeb platform.
Tokenomics and Distribution Model
Total Token Supply
The maximum supply of Skeb Coin (SKEB) is capped at 10,000,000,000 tokens.
Number of Tokens in Circulation
The circulating supply of Skeb Coin (SKEB) is 1,153,490,031 tokens.
Token Distribution Model
The distribution of Skeb Coin (SKEB) is as follows: - Ecosystem Reserve: 19.00% - Liquidity / Staking: 19.00% - Foundation & Reserve: 19.00% - Private Round: 6.00% - Seed Round: 8.80% - Strategic Round: 3.20% - Public Round: 1.90% - Advisors / Partners: 7.60% - Development Team / Founder: 15.50%
Vesting Periods and Lock-Ups
The SKEB token has a 4-year vesting schedule, with 25% of tokens released each year. The token distribution for the various rounds, such as Seed, Private, and Strategic, includes specific vesting periods and lock-ups to ensure a controlled release of tokens into the market.
Mechanisms to Control Inflation
Skeb Coin has implemented mechanisms to control inflation, including token burning and staking rewards. The management buys Skeb Coin, allocates a portion to staking rewards, and burns the rest to adjust the supply. This mechanism
