Sources – General supply

1 “Skycoin has a total supply of 100 million coins created in the genesis block.” Skycoin; Skycoin Blog; Understanding the Skycoin Supply & Distribution; 25.01.2018

2 “So there’s one hundred million total and the reason that number was chosen was that one million coins is exactly 1% of Skycoin.” Synth; Youtube; Coin interview with Skycoin; 30.10.2017

3 “The 100 million coins are being sent, 1 million coins to each of 100 addresses with multiparty lock system to prevent theft. There is also a time capsule lock on the private keys.” Skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 01.04.2015

4 “unlocked means it can be distributed, locked means it cant be distributed, circulated means distributed” Steve [Sky Dev]; Telegram; Skycoin main channel; 01.11.2017

Sources – Distribution events

5 “How the IPO Will Work: 1 million coins (1%) will be sold for 50k in Bitcoin.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 18.04.2014

6 “IPO pre-registration begins in a few hours. Trying to get binaries compiled and making sure this bitmessage library works. Pre-registration will last two weeks. Until the 6th of September. Pre-registration will be required for the IPO.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 22.08.2014

7 “2500 Skycoin per Bitcoin. Which is about $0.10 / Skycoin. Bitcoin to USD is too volatile so just set it to that. … I think we started getting bitmessage requests for IPO in about two months ago and are just sending out coins now. … There are about fifty people in the IPO so far. The average amount is $2000. About half the coins in the allotment are already accounted for. Very good so far.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 18.04.2015

8 “25% of the IPO receipts have been processed. I am this far down list now. I have not even gotten to processing the orders for the Skycoin devs yet.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 02.05.2015

9 “This IPO is for developers, people who have been following for a while and experienced people who know what they are doing. This is more of a private offering and not really an IPO. The purpose is to get Skycoin trading and work on bugs.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 07.02.2015

10 “We did a ghetto ICO, by hand on bitmessage a few years ago. To software developers who had to compile the wallet from source, on linux.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 25.12.2016

11 “Yes we reserved 2% of the coins for people on the Bitcoin talk thread, at the ICO price. Bitmessage did not work for a lot of people. We tried to do sale over Tox bot and that failed and people had problems. Also, no wallet builds and difficult to buy. We have developers we are reserving coins for, because they have not been able to get compilation working on their platform.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 10.10.2016

12 Please refer to my blockchain analysis of Skycoin, where I dedicated one paragraph to this address. Christian Ott; Refering to my chain analysis of Skycoin; 19.07.2018

13 “We have an invite only ICO on third party platform, that you need QR code to access. 25 people have code right now, and it is open to anyone who posted on the Bitcoin talks thread in the past 4 years. More information later.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 23.11.2016

14 “Now we are testing ICO on third party website.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 25.12.2016

15 “Last distribution was 500,000 coins. That took 4 months to sell. But then in last month someone wrote one article and skycoin was put on one website and whole ICO sold out in two weeks” Synth; Telegram; Skycoin main channel; 22.04.2017

16 “On August 8, 2017, 1% (1 million) of Skycoin will be sold at a fixed price of 0.002 BTC / SKY.” Skycoin; Skycoin official website; Distribution; 13.08.2017

17 “-The OTC price adjusts when we adjust it -The OTC wallet is bxpUG8sCjeT6X1ES5SbD2LZrRudqiTY7wx you can see how many coins are in it. There’s about 20BTC worth at these prices -We add coins to the OTC wallet manually. This reflects the amount available for sale. -The OTC price is kept higher than market price for reasons stated 100 times in chat and also in blog posts” Steve [Sky Dev]; Telegram; Skycoin main channel; 09.01.2018

18 “I have 300 people messaging me for the OTC. Until we have the automated system in place, which is just being turned on now, I had to do these things by hands, so we were getting 100 messages an hour for OTC sales. It took three weeks I think for me to finish all of the OTC sales … So we have these OTC orders and some are like 5, 10, 200 Bitcoin…” Synth; Youtube; Coin Interview with Skycoin 02; 11.12.2017

19 “For the cost of 1BTC you receive the miner (value of 0.05 btc +/-) and you receive a rebate in the form of .95BTC worth of Skycoin (450 Sky at the moment)” MrHodlr | Systems Integrator | Skycoin; Telegram; Skycoin main channel; 30.01.2018

20 “Shipping schedule: – 50 miners are available for shipping immediately- 250 miners should be available by the 2nd week of February.” Steve [sky dev]; Telegram; Skycoin main channel; 10.01.2018

21 “About 300 I think.” (Responding to the question how many Skyminers will be sent out) Steve [sky dev]; Telegram; Skycoin main channel; 26.05.2018

22 “Miner rebates were at 650” therealssj; Telegram; Skycoin main channel; 23.07.2018

23 “Binance will open trading for SKY/BNB, SKY/BTC and SKY/ETH trading pairs at 2018/05/24 09:00 AM (UTC). Users can now start depositing SKY in preparation for trading.” Binance; Official Website; Binance Will List Skycoin (SKY) on 2018/05/24; 23.05.2018

24 “Skycoin Competition … Trading Competition: a total of 20000 SKY to win! … Lucky Draw: 30000 SKY + 10 Skyminers to win!” Binance; Official Website; Binance | Skycoin – Lucky Draw; 07.06.2018

25 The following amounts of Skycoin were sent to miners per month: 25k SKY – June 2018; 25k SKY – July 2018; 30k SKY – August 2018; 30k SKY – September 2018; 60k SKY – October 2018; 40k SKY – November 2018; 40k SKY – December 2018; 40k SKY – January 2019; 40k SKY – February 2019; 40k SKY – March 2019; 40k SKY – April 2019; 40k SKY – May 2019; 40k SKY – June 2019; 40k SKY – July 2019 PSA Skywire; Telegram; Channel PSA Skywire; Starting from 28.07.2018

26 “huge OTC investor who was time locked; at $35 dollars a coin, just had coins unlock, so may be dumping” Synth; Telegram; Skycoin trading channel; 27.10.2018

27 “Some OTC at market and some to investment funds. And some for coin hour buy backs.” (Answering the question on how coins are being distributed) Synth; Telegram; Skycoin main channel; 01.01.2019

Sources – Allocation of total supply

28 “75 million coins (75%) are timelocked (hardcoded in skycoin.go scroll down to bottom) and 25 million coins are currently unlocked.” Skycoin; Skycoin Blog; Understanding the Skycoin Supply & Distribution; 25.01.2018

29 “We will set the total cap of the OTC sale to bring Skycoin’s distributed percentage to be between 10% and 15%. Currently, Skycoin is at 6%. The remainder is reserved for the Skywire network subsidy, until we hit the 25% timelock cap and enter a maximum 5% per year distribution.” Skycoin; Skycoin Blog; Skycoin Distribution Plan; 09.10.2017

30 “We have decided we will distribute a portion of the Skycoin over time to people running Skycoin meshnet nodes. To promote network usage and to get users on to the network and balance out the whales.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 09.03.2017

31 “We have 10 million skycoin allocater for coinhour buybacks over a few years to bootstrap the skycoin to coinhours market.” Synth; Telegram; Skycoin main channel; 25.11.2017

32 “However, if 1% of currency is created each year and invested in activities that increase the value of the coin network, by more than the cost, then doing so maximizes the value for all coin holders. If $1 in investment in meshnet deployment, PR, advertising or lobbying nets $5 in coin market cap then coins which use this mechanism will out-compete coins that are unable to. The market-cap and values of coins pursuing this strategy will grow significantly faster than the alternative.” Skycoin; Skycoin Blog; Development Update #45; 17.12.2014

33 “If you come in and you do a VPN app or videosharing app or a messaging app on Skycoin, we might give you half a million dollars of Skycoin. We fund our developers. We invested in a lot of different development teams and we distributed the coins to the people that are doing the work and promoting it. If you are doing a meetup, we will give you Skycoin. If you are doing T-Shirt designs, we will give you Skycoin. If you help with translations, we have a bounty program. So, we are busy distributing the coins to people moving the project forward.” Synth; Youtube; AMA hosted by Crypto Brahma; 11.03.2018

34 “We are going to be distributing coin bonuses to about thirty contributors, on a vesting schedule over the next few years. For example – one project manager who has help fix over a hundred fifty bug tickets is getting 250,000 SKY over the next four years (about 40k USD in SKY at price when he joined project) – website guy/content/marketing/design guy who was critical is getting 60,000 SKY over next two years – some contractors and major contributors are getting 5,000 SKY to 30,000 SKY distributions over the next two years for work on mesh network, bounties, bug fixes, etc” Skycoin; Skycoin Blog; Ask the developers #8; 25.12.2016

Sources – Maximum supply

35 “The Skycoin distribution is timelocked. This means that, of the undistributed Skycoin, 25% are immediately distributable. The remainder cannot be distributed until the first 25% have been distributed. Once the first 25% have been distributed, an additional 5% is unlocked for distribution. For each subsequent year thereafter, an additional 5% is unlocked for distribution. This gives Skycoin a 14 year distribution timeline, after the first 25% is distributed. We may extend the unlocking process to take up to 25 years, but we will never shorten the timelocking schedule. There is no requirement that the yearly 5% be distributed. The unlock only enables that amount to be distributed. The locked Skycoin are allocated for expansion of the Skywire Network via targeted network subsidies and for bounties for platform development.” Skycoin; Skycoin Blog; [SKY] Skycoin Distribution Plan; 09.10.2017

36 “The 75 million (75%) undistributable Skycoin cannot be distributed until the first 25 million (25%) have been distributed. After that is done, for each subsequent year thereafter, 5 million coins (5%) are unlocked via an unanimous consent (1 vote against distribution can stop the whole process) of an unknown group of developers. This does not mean that each year 5 million coins have to be distributed, they are just unlocked and it is possible to distribute them.” Skycoin; Skycoin Blog; [SKY] Understanding the Skycoin Supply & Distribution; 25.01.2018

37 “We are considering slowing down the timelock even further: * 5% each year for 5 years * 4% each year for 5 years * 3% each year for 5 years * 2% each year for 5 years * 1% each year for 5 years This make it last for 25 years instead of 14, and is better suited to our growth forecasts. Note that for technical reasons, locking is handled in 1% chunks, otherwise we would be doing exponential decay.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 28.08.2017

38 “Each of the core developers is only getting 1% each and they are locked for several years.” Skycoin; Skycoin Blog; Ask the developers #7; 07.05.2015

39 “We are putting technical and human measures in place, to ensure that if any of the key contributors starts dumping that it would only be temporary. We want to avoid a situation where someone has 30% of the coins and the community has 2% and that person could dump their coins everyday on the market for a decade before they ran out. That is what happened with NXT and we wanted to avoid that.” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 04.04.2017

40 “Future Measures: – we are going to time lock the addresses in the future, so the node will reject transactions spending their outputs – we are going to put constraint in the code, so the blocks have to be distributed in sequential tranches” skycoin; Bitcointalk; [SKY] Skycoin Launch Announcement; 04.04.2017

Sources – Reasons for the long-term approach

41 “All of our lead developers were in Bitcoin before it was at a dollar, so they are pretty well-off. Then we had an ICO and even the developers had to buy in the ICO and that was when Bitcoin was less than a hundred dollars and Bitcoin is over 10,000 dollars now. Actually, we never even had budgeting until very recently, because the Bitcoin price was just going up and up and up and no matter how many people we hired, we couldn’t even spend it.” Synth; Youtube; AMA hosted by Crypto Brahma; 11.03.2018

42 “Skycoin is more like a consortium. There is a bunch of different companies, that are all using the infrastructure or are contributing to the infrastructure and funding developments. In the beginning we didn’t do a huge ICO to raise money, most of the development was funded by our corporate partners and also the personal contributions of the developers who made a lot of money on Bitcoin and just wanted to see this technology built.” Synth; Youtube; AMA hosted by Crypto Brahma; 11.03.2018

43 “Our distribution schedule is very similar to Bitcoin. – We are not doing a large sale of 30% of the coins at once like Ethereum. We think this distribution schedule sells to many coins and limits the upside for investors and will destroy the long term price when the speculators/miners dump. – We are not hoarding 98% of the coins like Ripple (the Ripple free float is a lie) – We think a gradual distribution with the number of new coins decreasing over time is the best distribution schedule. – If the distribution negatively impacts the price, we will cut the distribution back and if it continues to fall we will begin buybacks. – We have a professional market maker partner who is invested for the long term and will provide liquidity on both sides of the order book. We think the Bitcoin distribution schedule is the most natural and has been the most successful. We do not have miners and no new coins are created, so it has to be done by hand, but we think that is best way to allow gradual long term appreciation.” Skycoin; Skycoin Blog; Ask the developers #7; 07.05.2015

44 “The Skycoin distribution schedule and philosophy is identical to Bitcoin’s distribution rate, or how Facebook or Google stock was distributed. Google did not distribute 80% of its shares by doing a massive Ethereum style crowd sale, before any of the work was done. It sold off fixed, small slices of equity at each step at an increasing price. Then they dumped the money into development and increasing the value of the equity for all stakeholders by investing the money raised in infrastructure. This is what makes sense for funding a large, long term project whose value is increasing. We are using this model, because it works.” Skycoin; Skycoin Blog; Ask the developers #9; 13.04.2017