Important Notice: MakerDAO Token Swap to SKY Know more

The world of crypto is always evolving, and so are the tokens that power decentralised ecosystems. One of the most notable recent changes is the rebranding and redenomination of Maker (MKR) to Sky (SKY). To keep our users fully aligned with this global upgrade, Unocoin has stopped trading of MKR and will soon enable support for SKY Tokens

This transition marks a new chapter in the MakerDAO ecosystem, designed to expand adoption and usability under its new identity called Sky (SKY). As always, Unocoin ensures that your holdings remain safe and are seamlessly carried forward into this upgrade.

What Has Changed?

• MKR Delisted on Unocoin: Maker (MKR) is no longer available for trading, deposits, or withdrawals on Unocoin.
  
• Conversion to SKY: All MKR balances will be converted automatically to SKY at a fixed rate of 1 MKR = 24,000 SKY.
  
• Balances & Access from September 10, 2025: Your proportionate SKY balance will be visible in your Unocoin account from this date.
  
• Trading Resumes: SKY trading pairs, deposits, and withdrawals will also go live on September 10, 2025. 

Why the Rebrand?

The shift from MKR to SKY isn’t just cosmetic. It represents a broader vision by MakerDAO (now rebranded as Sky) to build more scalable, inclusive, and innovative decentralised finance (DeFi) solutions. By redenominating the token supply, accessibility improves for a wider audience, making SKY easier to trade, hold, and use within DeFi applications.

What Does It Mean for Unocoin Users?

1. No Action Needed: If you held MKR on Unocoin, your tokens are safe. You don’t need to do anything.
   
2. Automatic Conversion: Your MKR holdings will be reimbursed proportionately in SKY. For example, holding 1 MKR will get you 24,000 SKY.
   
3. Resumption Date: SKY balances, deposits, and withdrawals will be accessible from September 10, 2025, on Unocoin.
   
4. Safe & Seamless: The entire process is handled by Unocoin to ensure smooth migration with zero risk for our users. 

Looking Ahead

With the launch of SKY, the DeFi space enters a new era of innovation, and Unocoin is excited to support this journey for our community. The migration ensures that your assets evolve with the global ecosystem while staying safe and accessible.

So, mark your calendars—September 10, 2025 is when SKY takes flight on Unocoin.

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Disclaimer: Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests, as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).