Unmanned Cargo Drones - SKYFchain (SKYFT)

SKYFCHAIN

SKYFchain is a blockchain based financing tool for the cargo robots industry. The SKYFchain operating platform is launched with ICO. It is a shared and proven database of unmanned cargo drones’ and vehicles’ data.
The SKYFchain is also a financial tool which allows transactions to be carried out on the platform through the use of cryptocurrency.

SKYF chain is an online marketplace for performing various B2R operations, where B2R refers to ‘Business to Robots’. It can also be defined as a tool of finance used in the field of robotics. It uses the technology of blockchains for its working, and of course, it is the world’s first B2R platform that relies on blockchain operations. The tokens of SKYF chain are usually referred to as ‘SKYFT’ tokens, which are utilized basically for the purpose of making transactions inside the SKYF Chain platform. These tokens are nothing but ERC – 20 tokens.

SKYFchain is aimed at solving a number of tasks such as:

• Reducing the cost of logistics services in various sectors of the economy.

• Extending the geographical scope of their application.

SKYF Drone

SKYF is the world’s first industrial heavy cargo drone and the first cargo drone with the capability of vertical take-off and landing. It can be used in a range of applications with the most popular ones currently being agriculture, logistics and emergency relief.

The SKYF can carry a useful load of up to 400kg and has a flight range of up to 350 km. The SKYF drone is versatile and can be quickly adapted to suit different purposes, national regulations, and climatic conditions.
Currently, two modifications of SKYF drones which have been tested are being presented:

SKYF CARGO – a drone with carrying capacity of 150kg and a flight range of up to 350km. Its main application is the delivery of goods, equipment, spare parts, etc.

SKYF MARINE – a drone with corrosion protection. It can be used for the following purposes:

• Delivery of food, rescue and medical equipment to hard-to-reach places (for example natural disaster sites).

• Delivery of medium-sized cargo (for example, mail, spare parts, etc.) for ships, oil platforms, marine logistics centers.

How Does SKYFchain(SKYFT) Work?

The platform is constructed upon a robust pilotless aerial vehicle SKYF pilotless Aerial Carrier which will be able to deliver packagesover long distances. The multi-rotor, autonomous drone, known as SKYF, was designed with supplying and agribusinesses corporations in mind to form a air freight platform to assist business perform tasks. The vertical take-off and landing drone has applications in areas like the aerial application of pesticides and fertilizers, seed planting for forest restoration and emergency things for food and medication delivery. SKYFChain issue the mounted quantity of SKYFT tokens, which is able to be needed for any dealings within the SKYFchain. A user requests a dealings in SKYFchain and pays firmly in paper currency through his sensible contract. SKYFchain aquires SKYFT tokens at a crypto exchange to execute the dealings.

How much will SKYFchain make a difference?
Unmanned Logistics will eliminate labor costs and save up to 50%by 2020. Customers worldwide can have a universal platform for the use of unmanned cargo drones. According to PwC, they've addressed the market size for airborne drones to be $127 Billion. If customers in the oil and gas industry switch from healicopters to cargo drones, they can reduce costs from 5 to 10 times. The increased affordability of good and services because of this reduced cost in transportation will benefit the society as a whole.

SKYFchain SKYFT Token
SKYFchain is using the SKYFT token, which is a utility token issued at ICO. There is a fixed amount of 1200000 tokens. The ICO-end price will be 65 USD per 1 SKYFT token. SKYFT is compliant with SEC of the US and Internal currency of the SKYFchain Operating System.

All participants of the SKYFchain crowdsale may become node holders in the SKYFchain. All node holders are entitled to earn 70% of all transaction commissions generated on the SKYFchain Operating Platform.

How Can SKYFchain SKYFT Be Helpful To You?
SKYF drone is readily adaptable to several application areas. You can use it in agriculture to spray plantations, you can use it in construction to lift construction material, and it can also be used for transportation of materials among many other uses.

SKYFT Token Details

SKYFT-token is the SKYFchain internal currency

Details:

Fixed amount — 1 200 000 000 tokens
Two types of transactions, paid using SKYFT:

Operational transactionsFintech transactions

Super-node holders harvest 50% of fees

25% of fees goes to token holders
25% of fees goes to the Community Development Fund

SKYFchain tokens allocation

44% Crowdsale

15% Network Development Fund

10% Community Development Fund

9,5% Reserve

1,5% Bounty Fund

20% Team

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SKYFchain Rating Review
Ratings
We assign the SKYFchain project a “Stable+” rating.

The SKYFchain project is aimed at the growing market for unmanned cargo vehicles, offering services necessary for many sectors of the economy. The potential for platform users to reduce costs in this area makes the project promising and its services likely to be in demand.

SKYFchain has a strong team with the necessary technical knowledge and experience in creating projects based on blockchain. The management also has experience in attracting investment for the development of drones.

Currently, the project is gaining interest from larger companies, which could help conclude long-term contracts and therefore garner further attention from the community.

SKYFchain is aimed at solving a number of tasks such as:

Reducing the cost of logistics services in various sectors of the economy.

Extending the geographical scope of their application.

The SKYFchain platform is the product of a project for drone development, SKYF drone.

Total emission of Tokens – 1,200,000,000

Smart contract platform: Ethereum blockchain

Contract type: ERC20

Token: SKYFT

Accepted payment: ETH, BTC

Price: 1 SKYFT token = $0.065

Pre-ICO:

Start date: March 1st, 2018.

End date: March 31st, 2018.

Tokens for sale: 51,300,000 SKYFT

Soft cap: $1,000,000

Hard cap: $2,000,000

Minimum purchase amount: 3000 SKYFT

Bonus program: 40% discount on SKYFT for white list participants

SKYFT tokens unsold at the pre-ICO will be carried over to the ICO.

ICO:

Start date: May 2018.

End date: The exact dates of the ICO will be announced later.

Tokens to sell: 528,000,000 SKYFT

Soft cap: $5,000,000

Hard cap: $30,000,000

Accepted payment: ETH, BTC

Discounts are provided for participants of the main ICO:

There is no additional emission.

All unsold tokens will be burned after the ICO.

The allocation of tokens is as follows:

Tokens assigned to the team will be frozen for 1 year.

Funds raised during the crowdsale are planned to be distributed as follows:

45% - Research and development

25% - Marketing and platform development

24% - Operations, business and corporate development

6% - Legal and Administrative

Currently, two modifications of SKYF drones which have been tested are being presented:

SKYF CARGO – a drone with carrying capacity of 150kg and a flight range of up to 350km. Its main application is the delivery of goods, equipment, spare parts, etc.

SKYF MARINE – a drone with corrosion protection.
In addition to trucking, the SKYF drone can be used in agriculture which will enable:

Taking aerial photographs to detect crop disease

Spray pesticides, fertilizers and desiccants and extinguishing fires.

The SKYFchain OP platform is aimed at providing an alternative to existing expensive logistics such as helicopters and ships. According to the white paper, the difference in the cost of delivery services between a helicopter and a SKYF drone can be up to 10 times.

In our opinion, the SKYFchain OP platform could become popular in the specified target industries for both large corporate clients and small companies since the offered product differs favorably in price from other technical solutions.

Competitive analysis
Currently, drones are increasingly used in various industries - by journalists for creating reports, Apellix has developed a drone capable of producing paintings, consumers buy drones for entertainment, for example selfie-drones, etc.

Among well-known companies that deliver goods with the help of drones is Amazon, which provides the Amazon Prime Air service. With this service, residents of areas where this type of delivery is available can receive goods within 30 minutes of ordering under the following conditions:

The client is within a radius of 16 km from an Amazon delivery center.

Weight of the package must be no more than 2.25 kg.

The size of the package is limited by the size of the drone’s cargo compartment.

Delivery by drones is available during daylight hours with low wind, good visibility and in the absence of precipitation.

DPD, which provides cargo delivery services, has been developing solutions for the delivery of parcels using drones since 2014. Currently, testing of drones capable of delivering weights of up to 4 kg at a distance of up to 25 km is under way.

In the case of SKYFchain, the scale of cargo delivery is much higher - the average load capacity of the drone described in the documentation is up to 150 kg, and range of flight is up to 350 km. This will enable using the drone for the delivery of goods in a large variety of industries. We can identify Natilus as a potential competitor for SKYFchain in the field of cargo delivery; Natilus has developed an amphibian drone capable of delivering cargo weighing about 90 tons with a flight time of up to 30 hours but the company's website has no information on the practical application of this product, just its technical characteristics.

In our opinion, factors such as the absence of direct competitors on blockchain in conjunction with the growth in the market for unmanned aerial vehicles will enable SKYFchain to occupy a niche in logistics and agriculture.

Team and Stakeholders

The core team is represented by 14 specialists; 4 people are involved as advisors.

Useful links:

Official Website: https://www.skyfchain.io/
Whitepaper: https://fpivc.box.com/v/SKYFchainWhitePaper
Telegram: https://t.me/SKYFchain
Medium: https://medium.com/@SKYFchain
Twitter: https://twitter.com/SKYFchain
Facebook: https://www.facebook.com/SKYFchain-2030350540582744/

Authors: Martins Fome
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