Good morning Lion's and the broader Hive community I am getting pumped as we edge closer to the development of Skippy and rolling out what is in the business plan.
Despite some setbacks we have been continuing to move forward with the establishment of a company to meet regulatory compliance and ongoing legal support which has been an expensive endeavour. The main goal of Skippy was to build in the Web3 space and see how the technology can be beneficial. As supporters of Web3 technology we do hope that it replaces Web2 or at least is incorporated in our every day lives.
If you're new to the story that's ok because we will provide a quick recap. Skippy has four phases which consist of:
Phase One
SKIPPY will be starting off its life as a young Joey with a basic plan to be the best and most sort after meme token in the world on the Binance Smart Chain. The meme will have reflective capabilities of 6% with 3% going to automatic liquidity and another 3% to the project team to fund business operations and provide financial support to bush fire recovery. It was proposed to have an additional 1% that would reflect to people holding the meme to provide them with more memes, but current regulations may deem this as an investment security so to avoid compliance issues the 1% token reflection has been removed.
Phase Two
Upon successful Initial Token Offering SKIPPIE team will commence legal review and audit and transition to utilise the token in its own ecosystem involving block chain games and Non-Fungible Tokens (NFTs). The website will be upgraded to enable minting of NFTs and facilitation of sale of digital art utilising the SKIPPIE token. Further research will be undertaken to develop a suite of block chain games which will utilise the SKIPPIE token. At this point reflection will be taken off as the business plans on generating profit through sales of games and artwork commission.
Phase Three
A recent Australian senate committee provided a list of recommendations to advance block chain technology, it is anticipated that a key legislation that prevents some aspects of block chain technology and organisational structures will alter. At this stage SKIPPIE will assess the new regulations and if possible, establish an exchange enabling crypto to fiat withdraw in any national currency.
Phase Four
El Salvador recently legalised Bitcoin and developed their own international remittance project called Chivo. However, the project has come under significant scrutiny recently as media reports allege that the nations president’s brother was the developer. Many financial and economic leaders have continued to express concern over the nations venture.
Furthermore, International remittance companies have continued to suffer financial losses to Bitcoin and other alternative coins which have provided a faster, cheaper and more secure way to transfer money across the globe.
This provides an opportunity for a trusted and reputable Block Chain Company to implement an International Remittance scheme utilising block chain technology and one SKIPPIE will be exploring if possible and legal.
As you might be already aware Phase 1 of the plan has already been met but unfortunately there hasn't been a significant uptake as hoped of the token purchase. Further work went into the tokens development to make it cross chain capable and it is available on Hive Engine.
Currently we are on Phase 2 and to meet this requirement we established a business which comes under the umbrella of Skippy company.
Revenue has been a problem so to solve this we will be leaping into the world of consultancy for Blockchain Technology and developing a suite of educational resources and services including developing proof-of-concept for people wanting to incorporate Blockchain Technology within their company.
We are also in the final run of having our NFT Marketplace built on Hive which we will provide to businesses, artists and anyone seeking to incorporate NFTs into their portfolio. This should also increase Hive use cases and participation.
Furthermore, as part of our consultancy work we will be offering to build peoples projects on Hive Blockchain.
The answer is simple, Hive has been one of the most successful ongoing blockchains with a growing strong community operating for over 5 years it has a strong track record of maintaining stability and functionality.
With the added bonus of creating a community for NFT creators to be curated in this adds an extra level of value to the project and increased account creation benefits Hive by building a stronger and more thriving community.
There will be a role for Skippy token but at current we are doing further legal queries to gain further clarity and what can and can't be achieved with the token and staking abilities.
We are preparing for the launch and there will be further development to come but for the mean time, cheers to progress!
Special thank you to 
