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How to Buy Sky Token?

Step-by-step guide on how to buy SKY token, outlining the process on LCX Exchange for new users.

About Sky Token

SKY is the native governance token of the decentralized Sky ecosystem and the upgraded version of MKR, the Maker’s legacy governance token. Optionally, MKR can be natively upgraded to SKY at the rate of 1:24,000 via the Sky Protocol.

While only MKR can currently be used to vote on-chain for governance proposals, decentralized SKY token voting is around the corner.

Step-by-step

  1. Create a LCX account

Sign up or download LCX Mobile and start the sign-up process. You will need a valid ID and proof of address in order to transact, so be sure to have those ready. Verifying your ID may take longer than a few minutes, depending on where you live. Click here to get verified.

2. Deposit token

Click on “wallet” and then “Deposit”. Choose the “coin”, Choose the “provider” and deposit the token.

3. Start a trade

On exchange.lcx.com/, select trade and choose the SKY pair that you want to trade. Select “buy” or sell,” enter the bid and amount you want to buy, and click buy SKY Token.

4. Done

Once the order is processed, you will receive an order confirmation email. That’s it, you’ve bought $SKY.

Trade $SKY

Only registered users of the LCX platform are eligible to purchase the Tokens. The Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Issuer. In particular, restricted jurisdictions are the United States of America and China, further, any US persons are prohibited from participating. 

The content on the page is provided by SKY team

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