Cashless Society 101: Why I am Supporting SKYBIT's Vision for Inclusive Finance for Myanmar and South-East Asia from Singapore to Japan, Korea, China, and the World
SKYBIT Token Sale Update
SKYBIT, Myanmar's leading blockchain platform is leading the charge for inclusive finance and digital asset conversion and exchange in Myanmar. SKYBIT see's itself as Myanmar's bridge to the world starting with China, Japan, Korea, and the Global Diaspora. Myanmar has long been isolated from the world and by extension global trade and finance but SKYBIT aims to change that with a series of innovative services within its Blockchain ecosystem. To date, SKYBIT has developed and piloted the following services:
Digital Asset Exchange: https://DACP.SKYBIT.ASIA
Decentralized Exchange: http://DEX.SKYBIT.ASIA
Web site, Payment Processor: https://SKYBIT.ASIA
Social impact web page: https://SOCIALIMPACT.SKYBIT.ASIA
Global blockchain news web site in Myanmar language owned by SKYBIT: https://tokenmyanmar.com
The SKYBIT strategy is in line with Myanmar's government's efforts to increase economic development as well as global trade within Myanmar by 2030 and beyond. There is momentum towards increased regulatory refinements to align with global banking regulations as well as supporting global trade while at the same time creating local capital markets like stock exchanges to support both local businesses and multinationals. One such live service is SKYBIT's Payment Processor that accepts crypto and auto converts it to the local Myanmar KYAT enabling merchants to connect with locals, tourists, and the global diaspora.
The global Diaspora Remittances Industry, estimated at $500 Billion is an area SKYBIT can support extensively with its Payment Processor and Digital Asset Exchange Services. Myanmar Diaspora across the world, from China to Japan, Korea across Europe, and North America can leverage crypto to Myanmar KYAT payments processing and digital asset conversions to extend support to their communities, friends, and family for critical areas like education, health care as well as business growth.
To date, SKYBIT has piloted local vendors and merchants through its Payments Processor service and currently supports a series of digital assets on its Digital Asset Exchange. Secured Platform
SSL encryption, multi-tier, and multi-cluster system architecture with hot and cold storage to ensure and maximize the security of digital assets. SKYBIT's Accelerated Trading
offers a highly efficient matching engine to accelerate and maintain optimal operational capability, thereby enhancing users’ trading experience. All this is built and managed by a World-class Technical Team as "the security of users’ information and funds is our top priority. Our technical team has vast and in-depth experiences to deploy a safe and secured trading platform." The SKYBIT Multi-language Platform powers a multi-language user interface that provides localized services and is supported by a professional customer service team.
SKYBIT Mobile and web client feature a 0.2% maker/taker trading fees functionality with the following tips:
Maker fees are paid when you add liquidity to our order book, by placing a limit order under the last trade price for buy and above the last trade price for sell.
Taker fees are paid when you remove liquidity from our order book, by placing an order that is executed against an order of the order book. (Please note when your limit order is executed against other user's limit order and his/her order placed earlier than your order, you will pay taker fees.)
Taker means that the limit order or market order you place is executed with the current maker.
When the order you placed is filled by other orders, you need to pay the taker fees
Trading fees will be deducted from your executed total. If you exchange assets to ETH, you need to pay ETH fees.
SKYBIT Litepaper: https://drive.google.com/file/d/1Vbh3G89rGZdOp915IU5sH90RZn825ETV
SKYBIT Litepaper (Chinese): https://drive.google.com/file/d/1wonaQSWExWBMsj5NJP1G226bY2Xlzchy
SKYBIT Litepaper (Arabic): https://drive.google.com/file/d/1O6iC5vA6pI4ohXIvLkcW5dM8EnzCLtiv