What is the issuance and circulation of Ski Mask Dog (SKI) coins?

The Ski Mask Dog (SKI) coin's issuance and circulation model emphasizes fairness through an initial fair launch, decentralization via DEX trading, and a focus on community involvement and charitable giving.

Dec 08, 2024 at 06:31 am

Understanding the Issuance and Circulation of Ski Mask Dog (SKI) Coins

The Ski Mask Dog (SKI) coin is a decentralized digital currency that operates on the Ethereum blockchain. It was created as a tribute to the late rapper XXXTentacion and aims to foster a community of like-minded individuals and support charitable causes associated with mental health awareness.

Issuance of SKI Coins

• Initial Issuance: The initial issuance of SKI coins occurred through a fair launch process, ensuring equitable distribution amongst early adopters.
• Coin Distribution: A total supply of 100 billion SKI coins was created, with 50% allocated to the community through fair launch and 50% reserved for future development, marketing, and community initiatives.
• No Pre-Sale or Private Sale: Unlike many other tokens, SKI coins were not subject to any pre-sale or private sale, preventing early investors from acquiring a disproportionate share of the supply.

Circulation of SKI Coins

• Decentralized Trading: SKI coins are traded primarily on decentralized exchanges (DEXs) such as Uniswap, SushiSwap, and PancakeSwap, providing users with greater control over their assets and eliminating reliance on centralized intermediaries.
• Community Involvement: The circulation of SKI coins is largely driven by community members, who actively participate in trading, staking, and holding the token to support the project's long-term growth.
• Charitable Distribution: A portion of the transaction fees generated from SKI coin trades is allocated towards charitable organizations dedicated to promoting mental health awareness and providing support to individuals struggling with mental health issues.

Tracking SKI Coin Circulation

• Blockchain Explorers: The circulation of SKI coins can be tracked on blockchain explorers such as Etherscan and BscScan, which provide detailed information on token holders, transaction history, and supply dynamics.
• DEX Metrics: DEX platforms display real-time metrics on SKI coin trading volume, liquidity, and price fluctuations, enabling investors to monitor market activity and make informed decisions.
• Community Updates: The Ski Mask Dog community regularly publishes updates on the issuance and circulation of SKI coins, providing transparency and informing the community about any changes or developments related to the token's supply and distribution.

Conclusion

The issuance and circulation of Ski Mask Dog (SKI) coins are characterized by fairness, decentralization, and community-driven involvement. The fair launch process ensured an equitable distribution of tokens, while decentralized trading and community participation facilitate the token's circulation and long-term growth. The allocation of a portion of transaction fees towards charitable causes adds a philanthropic dimension to the SKI coin ecosystem, aligning with the project's mission of promoting mental health awareness.