Company Information

Get to know Skycoin

Skycoin is an open-source blockchain project that started development in 2011. Its mission is to address the perceived flaws in Bitcoin and other first-generation cryptocurrencies, such as centralization of mining and scalability issues. The project is built around its own unique consensus algorithm called "Obelisk," which aims to be more secure and energy-efficient than Proof-of-Work. The Skycoin ecosystem includes its native cryptocurrency (SKY), a decentralized internet infrastructure (Skywire), its own blockchain platform for applications (Fiber), and proprietary hardware like the Skyminer and Skywallet.

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Crypto CryptocurrencyPRIMARY
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Skycoin

China

Founded in

04 Jan 2012 (14 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

Reviews

--/60

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.