Following the new operations plan of the MKR's token issuer (reference), Bitkub Exchange (“Company”) will support the upgrading of the Maker (MKR) to Sky (SKY) tokens. Please see the details below.
1. Network: Ethereum (ERC-20) (Remain unchanged)
2. Change of token name
Current token: Maker (MKR)
New token: Sky (SKY)
3. Change of token symbol
The logo of the SKY token that will appear on the platform of Bitkub Exchange is shown below.
4. Token ratio after upgrading MKR to SKY
According to MKR’s guideline, MKR tokens will be upgraded to SKY tokens at a ratio of 1:24,000 (1 MKR : 24,000 SKY).
5. Schedule
Termination of MKR Deposit, Withdrawal, and Trading Systems for Token Upgrade
15 September 2025 at 10:00 AM (GMT+7) onwards
Activation of SKY Deposit, Withdrawal, and Trading Systems
Will be announced further. Please follow us for more information.
Attention:
MKR trading is available until the Company begins the token upgrade according to the above details and schedule.
The Company will migrate the MKR tokens stored on Bitkub Exchange to SKY tokens automatically; customers who hold MKR tokens on Bitkub Exchange do not need to process anything concerning this token migration and upgrade. Once the token migration is completed, the SKY tokens will be stored in SKY wallets on Bitkub Exchange.
If you do not consent to Bitkub Exchange to migrate your MKR tokens in your Bitkub wallet to SKY tokens, please consider managing your digital assets carefully before we begin the said token migration.
For more information about the token migration announced by the token issuer, please click here*.
Remarks:
Bitkub Exchange reserves the right in its sole discretion to amend or change these announcement details, and we will notify you further if there is any change.
The prices of MKR and SKY tokens may differ. Please consider managing your digital assets carefully before the migration of MKR to SKY tokens begins as per this announcement.
The asset price may fluctuate due to market mechanisms. Please do research and make a careful investment decision.
The criteria and conditions mentioned in the referred announcement of the MKR team are determined by the MKR team solely.
Cryptocurrency and digital tokens involve high risks; investors may lose all investment money and should study information carefully and make investments according to their own risk profile.
Thank you for your trust and continued support.
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