#Japan #Tokyo #Sky #MKR #bitFlyer

Announcement of the Launch of Sky Token

BitFlyer, a prominent cryptocurrency exchange based in Tokyo, has exciting news for investors. Starting October 8, 2025, BitFlyer will debut the new governance token known as Sky (SKY) at their sales locations. This development follows the rebranding of MakerDAO's governance token, Maker (MKR), to the new identity of Sky, reflecting a significant evolution in the cryptocurrency ecosystem.

Launch Details

The trading of SKY will commence at approximately 1 PM JST on October 8, 2025. Additionally, clients can initiate their first simple installment purchase as early as October 9, 2025. This expanded service is part of BitFlyer's commitment to providing diverse investment opportunities in the world of Web3 and cryptocurrencies.

Overview of the SKY Token

• - Currency Name: Sky
• - Ticker Symbol: SKY
• - Background: The Sky token has emerged as a result of an upgrade in September 2024 of MKR tokens, aiming to support the decentralized governance of the entire ecosystem.
• - Functionality: As a new governance token, SKY will play a pivotal role in the decision-making processes within its protocol. This includes voting on essential initiatives such as protocol upgrades, collateral asset selection, and fee adjustments.

With the introduction of the SKY token, BitFlyer continues to pave the path towards expanding the cryptocurrency market and enhancing user engagement. The announcement signifies another step towards diversifying investment choices and encouraging participation in decentralized finance.

For over nine consecutive years, BitFlyer has maintained the position of the number one platform in Japan for Bitcoin trading volume, solidifying its reputation as a leader in the cryptocurrency exchange landscape. In collaboration with its global entities—BitFlyer USA, Inc., and BitFlyer EUROPE S.A.—the company actively promotes the growth of cryptocurrency trading worldwide.

About BitFlyer Group:
Founded in 2014 with the mission of “Making the world easy with Blockchain”, BitFlyer has become a trusted name among customers. The company is not only focused on trading but has also developed its proprietary blockchain, Miyabi, through BitFlyer Blockchain, which serves as a foundational system for tokens listed on cryptocurrency exchanges.

In anticipation of the growing interest from institutional investors in cryptocurrencies, BitFlyer’s Custodiem subsidiary plans to launch services dedicated to crypto custody. This initiative showcases BitFlyer's ambition to become Asia's number one Web3 company by leveraging synergies across its group companies.

For further details, visit the official website: bitFlyer.

Important Notices

• - Cryptocurrency is not legal tender.
• - Usage of cryptocurrencies for payments is subject to agreement by the receiving party.
• - Transactions involving cryptocurrencies may result in losses due to price fluctuations.
• - Derivative transactions related to cryptocurrencies can also experience significant gains or losses, which may exceed initial deposit amounts.
• - Thoroughly review all terms and policies before engaging in transactions to ensure informed and responsible decisions.

BitFlyer is regulated by the Kanto Local Finance Bureau and holds various licenses for financial services in the cryptocurrency sector.