
SkyWay (SWAY)
Key data
updated $0SkyWay (SWAY) is a cryptocurrency built on token standard 3, with a fixed maximum supply of 200,000,000 coins. In simple terms, it's a digital asset designed to work within the SkyWay ecosystem, where coins can be transferred and used without intermediaries like banks. Like most cryptocurrencies, SWAY relies on blockchain technology to keep a public record of all transactions.
Frequently asked questions
What is SkyWay (SWAY) and how is it different from Bitcoin?
SkyWay is a cryptocurrency with the ticker SWAY, issued under token standard 3. Unlike Bitcoin, which was created mainly as digital money and a store of value, SWAY is tied to the SkyWay project and its ecosystem. It also has a hard cap of 200,000,000 coins, which is significantly more than Bitcoin's 21 million limit.
How does SkyWay's technology work?
SWAY is a token built on token standard 3, meaning it follows a defined set of technical rules for how the coin is created, transferred, and recorded on the blockchain. Every transaction is verified by the network rather than by a single company or person. This makes the system transparent and resistant to tampering.
How is the supply of SWAY managed?
SkyWay has a hard cap of 200,000,000 coins, meaning no more than that amount can ever exist. This fixed limit is written into the token's code and cannot be changed by anyone unilaterally. A capped supply is a common design choice meant to prevent unlimited inflation of the coin.
Where can I store and use SkyWay coins?
Since SWAY is a token under token standard 3, it should be stored in a wallet that supports this standard on the same blockchain. Always double-check the official project channels for recommended wallets to avoid fake apps. Within the ecosystem, the coin can be used for transfers and whatever utilities the SkyWay project provides.