#Japan #Tokyo #Sky #MakerDAO #bitFlyer

Introduction to SKY

Today marks a significant milestone for the cryptocurrency space as bitFlyer announces the launch of its new governance token, SKY, previously known as Maker (MKR). This change is in line with MakerDAO's continuous evolution and aims to provide investors with increased opportunities in the rapidly growing web3 ecosystem.

About bitFlyer

Founded in 2014, bitFlyer is on a mission to simplify blockchain technology globally. Headquartered in Tokyo, Japan, it has emerged as a leading player in the cryptocurrency exchange market, notably achieving the highest trading volume of Bitcoin for nine consecutive years. In addition to the Japanese market, bitFlyer has a strong presence in the U.S. and Europe, continuously expanding its reach and services.

Launch Details

The trading of SKY officially started on October 8, 2025, at approximately 1 PM. Customers can initiate their investment strategies with a simple accumulation plan from October 9, 2025. However, deposits and transfers for SKY are currently not supported; users will be notified once this feature is available.

What is SKY?

SKY represents a new era for MakerDAO. Set to enhance the management of the entire ecosystem, it is designed to facilitate key decision-making processes such as protocol upgrades, collateral asset selection, and fee adjustments through governance voting. This makes SKY a pivotal asset for stakeholders involved in MakerDAO's decentralized operations.

Token Details

• - Currency Name: SKY
• - Ticker Symbol: SKY
• - Launch Context: The creation of SKY was precipitated by an upgrade of MKR scheduled for September 2024, marking a new chapter for the governance structure of MakerDAO. As a governance token, SKY will play a crucial role in steering the direction of the project and ensuring that community interests are central in decision-making processes.

Celebratory Campaign

To commemorate the launch of SKY, bitFlyer is hosting a promotional campaign. Customers who purchase SKY worth over 10,000 yen during the campaign period from October 8 to November 8, 2025, will enter a draw for a chance to win SKY worth 50,000 yen. This not only encourages participation but also enhances awareness around the new governance token.

For further details about this campaign, customers are encouraged to visit the dedicated campaign page.

Future of Web3 with bitFlyer

Looking ahead, bitFlyer is dedicated to broadening its cryptocurrency offerings, enhancing the investment options available to customers, and enabling participation in web3 initiatives. The company has plans to develop innovative solutions through its subsidiary, bitFlyer Blockchain, which focuses on unique blockchain technologies like Miyabi. Moreover, in anticipation of increasing institutional investment in cryptocurrencies, the company is gearing up for a crypto custody service aimed at institutional clients through Custodiem.

As bitFlyer continues to establish itself as Asia's leading web3 company, its commitment remains steadfast to leveraging synergies across its global operations while facilitating a seamless entry into the world of cryptocurrency investing.

Conclusion

bitFlyer's launch of the SKY governance token is a remarkable addition to the cryptocurrency landscape and offers an exciting opportunity for investors looking at decentralized finance. The strategic initiatives and campaigns set in motion by bitFlyer are expected to attract both seasoned investors and newcomers alike to this burgeoning market.

For more information on SKY, readers can refer to the explanatory document.

Disclaimer: Please be aware that cryptocurrencies are not legal tender and can be subject to significant risks including price volatility.