EXECUTIVE SUMMARY
Unmanned cargo robots in the air, on the ground and at the sea can dramatically reduce cost of logistics worldwide and increase efficiency forindustrialusers andend customers.
While PwChave estimatedaddressable market size for airborne dronesaloneto be $127 bn.1, the current industry limitations includinglack of stable credit, costly insurance and near-prohibitive regulations in some countriesdo not allow it torealizeits full potential. Currently, this industry exists in form of feasibility studies carried out by large corporations or startups.
Universal operating platform for the cargo robots doesnot exist. SKYFchainOperatingPlatform(hereinafter SKYFchain OP)is thefirst B2R(business-to-robots)blockchain based operatingplatform applicable globally inall sectors of a developing cargo roboticsindustry. It will be initially developed and tested by using the first industrial cargo airborne robot –SKYFdrone –which will also give SKYFchain instant access to its client base for development of unmanned business processes.Later all other unmanned cargo systems: in the air, on the ground and at the seawill be connectedto SKYFchain.
The first feedback from our customers in oil and gas industry confirms that if they switch from helicopters to cargo dronesthey can supply their on-shore rigs with 5 to 10 times less cost.SKYFchainas ablockchainwith built-insmart contracts will providetrusted source of data and reasonable control over unmanned assets for clients, logistics operators, insurance and leasing companies, banks,andauthorities worldwide.
It will unveil new profitable business opportunitiesfor all industry participants, transportation systemwith lower risk for the society, and increasedoverall affordability of goods and services due to substantial cost cutting in the global supply chain.
During ICO we will issue 1200000000 SKYFT tokens,which will be used in SKYFchain to facilitate all internal transactions.
We expect that value of SKYFT mayincrease over time because of two main drivers:1.More and more companies, clients, financial institutions will be connected to SKYFchain which will drive the growth of transactionsin SKYFchain and demand onSKYFT.2.For every SKYFchain transaction whether it’s getting loan to buy unmanned vehicle, client payment or something else SKYFchain will charge some commission. 25%of commissions will go to SKYFT holders.
We expect that value of SKYFT mayincrease over time because of two main drivers:
- More and more companies, clients, financial institutions will be connected to SKYFchain which will drive the growth of transactionsin SKYFchain and demand onSKYFT.
- For every SKYFchain transaction whether it’s getting loan to buy unmanned vehicle, client payment or something else SKYFchain will charge some commission. 25%of commissions will go to SKYFT holders.
We understand that your backing of SKYFchainmay be associated with riskand we have takenseveral measures to mitigate those risks:
- SKYFchain legal entity -Skyfdrones Services OU -is registered in Estonia which has one of most favorable regulationsin the worldfor blockchainrelated companies.
- SKYFTtokens are compliantwith SEC of USA and available for US investors.
- Hundreds of SKYF drones will use SKYFchain as an operating platform. SKYFchain developers will have direct access to all SKYF drone clients to test and polish SKYFchain system before inviting otherproducers of dronesto use the system.
- SKYFchain is aspin-off of SKYFdronedevelopment project, which in addition to granting SKYFchain access to clients shall use 20% of revenues from sales of SKYF drones to purchase the SKYFT tokens from the market. We estimate that this may amount to$50M during the next 3-5 years after the ICO. And the SKYF drone is designed with full range of IP protection measures including patens and know-how. Thisshallprotect SKYFchain uniquenessfor the time of its initial development.
- SKYFchain has very experienced and trusted team of engineers and business leaders with proven results–they have attracted $5M of VC money into the SKYF drone project.
SKYFchain OP business model
Logistics business processes today are designed with a human being in mind, eitheras acustomeror acontroller etc.
Autopilots for cargo robots, AI and the developing field of IOT hints that one day,robots may work without being directlycontrolledbyan individual.
This would bring enormous savings since currently,around 50% of costs in logistics is in labor. The field in cargo roboticswill require investments, and investmentsneed insurance, risk management and control. Thus,unmanned cargo robotsmay become an asset which would require new types of regulations and business processes. We are planning to develop them in the SKYFchain Operating Platform.p
The main purpose of the SKYFchain OPis to integrate information for all market participants and organize the execution of smart-contracts for transactions.Transactionsmay vary in value and frequency. The platform will collect commissions from each transaction.All transactions will be paid inUSDor other fiat currencybut executed in systemusingthe SKYFT tokens.
SKYFT token will be the internal currency of the platform. Only 1.2 bntokens will be issued at ICO in form of Ethereum ERC20 tokens.This is fixed amount for all system
We are going to test the platform using SKYF drones, then we shall educate drone producers and integrateother drones into the system. When sea-borne and ground-borne cargo robots come into the market, we shall integratethem as wellby organizing workshops with respective associations of producers.
As the number ofcargo robots connected to systemgrows, so does the number of transactions.More tokens will be needed to execute the smart-contracts and the SKYFT exchange rate may increase.We expect that theclients would usually pay us in fiat and crypto currencies, and purchase our tokens from thecrypto exchangesin case of need. We are planning that SKYFT tokens will be traded at least at four or five crypto exchanges.Thiswouldcreateliquidityneededfortheplatformoperations.
For a tokenbuyer at ICO,the downside protectionis the fact thatSKYFchain OPwill becreated using three unique resources:
1. The exclusivity ofservicingoperationsof SKYF drone-the world’s first heavy and industrial grade cargo drone. It is a fundamentally new drone vehiclewith a hybrid gasoline-fueled engine that outperforms existing drone solutions. It is capable of vertical take-off and landing, and has an ultra-high useful load of up to 400 kg/880lband an exceptional flying range of up to 350km/220 miles. The SKYF drone suits multiple market segments, including logistics, agriculture and firefighting to name a few.It’s already have clients which would allow SKYFchain to develop new business processes of unmanned logistics.Those clients willalso bring in transactions to executeon SKYFchain.SKYF drone IP and know-how fully protected
2. 20% of the revenue fromsales of thefirst 1000 SKYF drones will bereserved by a license agreementwith the SKYF drone producers topurchaseback SKYFT tokensfrom the market.
We expect this to take placeduring the first three to fiveyears after ICO (this revenue isequivalent to $50-60mln).Tokens bought under this condition will be put into a Community Development Fundand used to reward partners and developers of the SKYFchain
3. Mission planning, verification and operations support of SKYF drones (and later other drones) will be run through SKYFchain –a unique private blockchain:
- SKYFchainsuper nodeholders willreceive50% of transaction fees.
- SKYF drones will be marketed together with a franchise of a drone logistics operator and a license for the third-party drone producersof drones and spare parts. By 2021, more than 1100 SKYF dronesprojected tobe operating worldwide, andother drone manufacturers and owners will also be able to join the SKYFchain OperatingPlatformthereforeincreasing the number of transactions in the system.
The upside for atokenbuyeris our plan to open the SKYFchain OPafter the testing periodfor all other developers and manufacturersof air-borne, sea-borne and ground-borne cargo robots.The SKYF dronewill become just one of the many participants of the platform.
SKYFchain OP key metrics(conservative scenario
Project roadmap
SKYFT Token Sale
- Presale ($2 M) was reached just in 5 days
- The main sale is on from March 10
- Only 51 300 000 SKYFT tokens is reserved for Pre-ICO
- Minimum tokens purchase volume is 3000 SKYFT
- The ICO-end price will be 0,065 USD per 1 SKYFT
- SKYFT is compliant with USA’s SEC and available for US investors
- ERC20 Token Standard
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