/biz/ - Business & Finance

>>9751672
It's rising because it's unironically the only project in the crypto space with real world application, use cases and adoption, its own hardware, fast/free/private transactions, DAPP platform. It basically does everything and makes all the other shitcoins obsolete. Also, Binance trading promo coming in the next couple of days = moon. Will be over $100 by end of this month.

Skycoin transactions cost Coin Hours—not Skycoin. To earn Coin Hours, users simply hold Skycoin in order to participate in the ecosystem of Web 3.0. For each Skycoin held by an address per hour, its owner nets 1 Coin Hour. Therefore, holding 1000 Skycoin for 1 hour generates 1000 Coin Hours.

Coin Hours also open up different features within the Skycoin ecosystem such as VPN services, movie downloads from Popcorn Time, additional bandwidth on Skywire, etc. However, for holders more interested in its monetary value, Coin Hours will readily be accepted through an Over the Counter (OTC) Buy-Back program that guarantees a foundational value. Additionally, the launch of Skycoin’s Decentralized Exchange will enable Coin Hour holders to exchange them for various other currencies.

To ensure the establishment of a healthy Coin Hour economy and to reward hardware testers who earn Coin Hours for testing, Skycoin will initially fund an OTC buy-back of Coin Hours. Funds for the buy-back program come from undistributed coins. The Organization will burn the Coin Hours it buys back to increase Coin Hour scarcity and value.

>>9168330
>he once said that 40 mio is not enough for him to retire, he needs more money
If he actually said that (proof?) then he was having a laugh or being sarcastic. Synth could retire tomorrow - he was one of the original Bitcoin developers and holds an absolute fortune in Bitcoin and Ethereum mined when it was worth cents. He is loaded.

He also predicts Skycoin will hit $800 this year. That's about 40X from current price.