CoinYQ Dossier

One billion immutable tokens searching for a verifiable data marketplace

SkyAI’s token is easier to audit than its product. One billion units were minted, ownership was renounced and most initial-pair LP tokens were sent to a dead address. The harder question is whether the extended-MCP service developed into an accountable product after its launch-week repository and 2025 roadmap stopped providing fresh evidence.

A protocol pitch arrived before a product record

SkyAI presented a clear problem: LLMs cannot reason well over fragmented raw chain data. Its site promised normalized BSC and Solana datasets, resources, prompts, transaction builders and signature tools through an MCP-compatible interface. It self-reported more than 10 billion rows and 60 tools.

The page also dated a Playground and extended MCP to May 2025, ETH/Base support to Q2, IDE plug-ins and a client to Q3, and a marketplace to Q4. By September 2026 the reviewed page still read as a roadmap, without release notes, contract registry or usage dashboard that turns each item into independently checkable delivery.

The code trail bends back to other projects

The linked GitHub repository identifies itself as a fork of OpenManus. Its package file calls the project @modelcontextprotocol/specification, credits Anthropic and retains specification scripts and contribution text. The latest visible commits are from April 18, 2025.

Forking is normal in open source, but provenance changes the claim. This repository shows assembled agent and MCP-related material, not a continuously maintained, independently attributable SkyAI protocol. It cannot by itself prove proprietary datasets, marketplace settlement or production reliability.

A presale overflow became the founding event

The April 2025 sale drew contributions far beyond its eventual 500 BNB cap. Project-attributed terms said 80% of tokens would be distributed proportionally to presale participants, 20% paired as liquidity, all excess BNB refunded, and the team retained neither tokens nor BNB. Contemporary project publicity claimed more than 110,000 participating addresses.

Those terms eliminate a published team vesting bucket, not the need for provenance. No audited distribution ledger or legal sale agreement was located. The defensible statement is that this was the announced allocation and that the fixed supply moved from the creator; it is not proof that every recipient, refund and related wallet was independent.

The token contract closed its own control door

On April 20, 2025 creator 0xb779A009E99512cA46Bc76a4Df26E6DD58EE22eA deployed SKYAIToken. The constructor minted 1 billion to the owner. Verified code is an ordinary Ownable ERC-20, not a proxy, and exposes no tax, freeze, blacklist, rebasing or further mint.

By the review date owner() returned zero, so inherited ownership transfer no longer offered an administrative path. That narrows token risk. It does not decentralize websites, data servers, repositories or funds held in other contracts and wallets.

Burned LP receipts secured one pool, not the business

The main PancakeSwap V2 SKYAI/WBNB pair is 0xbc42145d5a574ede9b8860fca2a49eb7b239efa5. On September 5, 2026 about 316,227.766 of 316,405.214 outstanding LP units sat at 0x…dEaD—consistent with effectively destroying most initial liquidity receipts, while a small remainder remained elsewhere.

A burned LP receipt prevents its holder from withdrawing that share through the pair. It does not guarantee price, depth, every other pool, router safety or continued product operation. Liquidity control and data-service control are separate systems.

The missing contracts define the holder’s boundary

Marketplace payments, data-provider rewards, staking and governance are often repeated in exchange descriptions, but none appears in the base token and no official production contract registry was found. The old site roadmap called the marketplace a future Q4 2025 item. There is no defensible reward rate, fee capture or vote-to-upgrade path to publish as current.

The disclosure gap is legal as well as technical. The reviewed official site and repository name no operating company, directors, jurisdiction or token terms. A SKYAI balance therefore proves only BEP-20 transfer and allowance rights. It does not prove ownership of datasets or IP, a revenue share, service entitlement, repayment or redemption.

How the project changed

  1. 2025-04-17/18
    The Four.meme presale receives an overflow

    Contributions far exceed the later 500 BNB cap; the project announces proportional allocation and refunds.

  2. 2025-04-18
    The public repository stops updating

    The forked repository’s latest visible commits predate token launch.

  3. 2025-04-20
    SKYAI launches on BNB Chain

    Creator deploys the fixed 1B Ownable ERC-20 and launch liquidity is associated with 500 BNB.

  4. 2025-Q4
    The roadmap’s marketplace date passes

    The reviewed site still shows MCP Marketplace as a roadmap line rather than a dated release record.

Evidence and primary sources

Last evidence review: 2026-09-05

What is SkyAI?

The catalog asset is SKYAI at 0x92aa03137385f18539301349dcfc9ebc923ffb10 on BNB Smart Chain. The project site proposes an extended Model Context Protocol for LLM access to BSC and Solana data, later ETH/Base coverage, transaction builders, signatures and a data marketplace. These product claims sit outside the token contract. Unrelated SKY tokens, SkyAI Inc. and other similarly named AI projects are excluded.

What problem does SkyAI solve?

An AI agent needs normalized blockchain data and safe tools rather than raw RPC calls. SkyAI says its MCP layer supplies resources, prompts, transaction builders and identity tools, and reports more than 10 billion rows and 60 tools. The evidence boundary is sharp: those are publisher counts; the linked repository was forked from OpenManus, retains Anthropic MCP package text and stopped committing on April 18, 2025. A marketing site and code archive do not prove a live marketplace or current users.

How does SkyAI work?

SKYAIToken is a simple non-proxy ERC-20/Ownable deployment. It minted 1,000,000,000 to the initial owner and has no ongoing emission. owner() is now zero, preventing the inherited ownership transfer path, while ordinary transfers and allowances remain. Project-attributed terms allocated 80% to presale and 20% to liquidity, with a 500 BNB hard cap and refunds. No vesting, staking, governance or fee-routing module is embedded. The main PancakeSwap V2 pair is 0xbc42145d5a574ede9b8860fca2a49eb7b239efa5; most LP units were at the dead address when reviewed.

Key facts

  • Exact asset: BNB Smart Chain 0x92aa03137385f18539301349dcfc9ebc923ffb10.
  • Official site self-reports more than 10B data rows and 60+ tools; no independent usage audit is supplied.
  • The constructor minted the entire 1,000,000,000 SKYAI supply to the initial owner.
  • owner() was zero on September 5, 2026; token code has no proxy, later mint, pause, blacklist, tax, staking or vote.
  • Presale terms attributed 80% to participants and 20% to liquidity, with 500 BNB retained for liquidity and excess refunded.
  • PancakeSwap V2 pair 0xbc42145d5a574ede9b8860fca2a49eb7b239efa5 had about 316,227.766 of 316,405.214 LP units at 0x…dEaD.
  • The repository is an OpenManus fork and its last visible commits are dated April 18, 2025.
  • No named team, legal issuer, jurisdiction, holder agreement or official staking/governance contract list was located.

Official links

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Frequently asked questions

Is SKYAI an AI model running on BNB Chain?

No. The token is a standard BEP-20. AI and data functions are off-chain product services described by the website and repository.

Can more than 1 billion SKYAI be minted?

Not through the reviewed token. All 1 billion were minted at creation and no external mint function or proxy upgrade path exists.

Does SKYAI pay staking rewards?

No official production staking contract or reward schedule was located. The base token has no staking logic.

Do holders govern the MCP protocol?

No enforceable route was found. There is no voting logic in the token and no official governor contract list tying votes to product or treasury changes.

Are the liquidity tokens burned?

Most LP units in the main PancakeSwap V2 pair sat at 0x…dEaD on the review date, but a small remainder existed elsewhere. This does not lock every possible pool.

What legal rights does SKYAI provide?

Only transferable token balances are demonstrable. No disclosed agreement grants equity, debt, revenue, data ownership, service access or redemption against an identified entity.

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