Skygate Token Presale Launches to Transform Global Aviation

[PRESS RELEASE – Salzburg, Austria, October 1st, 2024]

Skygate Token is a utility-driven cryptocurrency aimed at providing tangible applications within the aviation industry, stepping away from mere speculative trading. Through a well-defined financing framework, strategic development plans, and applicable use cases, Skygate Token seeks to advance the digital evolution of aviation.

Who Developed the Skygate Token?

The Skygate Token is launched by Skygate Network Holding GmbH, headquartered in Salzburg, Austria. The firm is headed by CEO Gerhard Wimmer, who has accumulated over 27 years of expertise in the aviation field. Wimmer’s efforts are bolstered by a skilled team in finance, marketing, and IT, alongside strategic alliances and influential advisors from the aviation sector, including a former Austrian Vice-Chancellor and Transport Minister.

Skygate Network has dedicated several years to developing and validating its technology through a pilot scheme in Salzburg. The initiative has reportedly yielded millions in revenue, illustrating the potential for innovation in the aviation industry.

The Skygate Initiative: Digital Transformation in Aviation

The primary objective of the Skygate initiative is to digitize the worldwide aviation landscape through Extended Reality (XR) technologies, which encompass Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR). This vision aims to navigate the aviation sector into a modern era of digital integration. The project plans to establish a virtual 3D VR environment that allows commercial and private users to globally access a variety of services and products.

Skygate Token as the Ecosystem’s Core

The Skygate Token is set to serve as the primary currency within the Skygate digital ecosystem. With a total supply capped at 10 billion tokens, the presale will be conducted in multiple stages. During the first presale phase, tokens are priced at just €0.005, a substantial 95% discount compared to the listing price, presenting early investors with considerable financial advantages.

A distinctive aspect of the Skygate Token is its intended token burn mechanism. The company plans to periodically burn tokens to lower the circulating supply, potentially resulting in price appreciation as the demand rises while the supply diminishes.

Advantages for the Skygate Community

The Skygate community plays a pivotal role in the project. Of the total 10 billion tokens, 7 billion are earmarked for community benefits. A comprehensive rewards and bonus program encourages users to engage actively in the growth and promotion of the Skygate Token, with opportunities to earn rewards, partake in airdrops, and receive exclusive advantages as they champion the company’s mission.

Moreover, investors can capitalize on the token’s growth potential. Tokens designated for the team and affiliates will be locked for several years, ensuring stable price progression and mitigating quick sell-offs.

The Roadmap: A Defined Path Ahead

Since 2020, Skygate has implemented several measures to prime the project for launch, including the development of a detailed concept, conducting security assessments, and engaging with the Financial Market Authority. The official presale commenced on September 15, 2024, and token distribution to investors has been underway since that date. Following the presale, the public sale phase will initiate, granting token holders access to diverse services from Skygate. As the initiative progresses, new functionalities will be introduced, along with strategic partnerships with technology providers. All services will be fully operational by the project’s conclusion.

Ongoing Commitment to Expansion

Skygate Network has pledged to reinvest 50% of its annual profits back into the project and its surrounding ecosystem. With a long-term vision, Skygate aims to broaden its service offerings to the aviation sector, notably targeting airlines, to foster increased demand for the token within its ecosystem.

About Skygate Network Holding GmbH

Skygate Network Holding GmbH, located in Salzburg, Austria, is focused on revolutionizing the aviation industry through Extended Reality (XR) technologies. Under the leadership of CEO Gerhard Wimmer, who boasts over 27 years in aviation, the company has developed the Skygate Token as the foundational currency of its digital ecosystem. Skygate is devoted to innovation, forging strategic partnerships, and ensuring sustainable growth in the aviation domain.

For further details, users can visit www.skygatetoken.com.