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Binance to Support Maker (MKR) Token Swap to SKYCOIN

Binance's upcoming upgrade will facilitate a token swap from Skycoin to SKYCOIN, ensuring a smooth transition for users by July 25, 2025.

MKR
SKY

Summary

Binance has announced it will support the token swap from Maker (MKR) to SKYCOIN, with existing Skycoin (SKY) tokens being replaced by the new SKYCOIN code before July 25, 2025. The swap will occur at a 1:1 ratio, with Binance assisting users in the transition process and addressing any technical issues.

Terms & Concepts
  • Token Swap: A process where one cryptocurrency is exchanged for another, often involving changes in the underlying technology.
  • SKYCOIN: A cryptocurrency that is undergoing an upgrade from Maker (MKR) as part of a transition facilitated by Binance.
  • Upgrade: An enhancement or improvement made to a cryptocurrency, often involving changes to its code or functionality.