2 · Understand
The terms
what this offering gives you, and what it does not
Real businesses raise capital from the people around them. SkillsCoin records exactly what each participant receives, business by business — what you hold, what it entitles you to, and what it has paid you.
A trading company with real customers and a real order book still ends up choosing between a bank that wants security it does not have and a fund that wants the whole thing. The people most convinced it will work — its customers, its neighbourhood, its suppliers — have no way in.
Savings sit still. The businesses you use every week, and can judge better than any fund could, are the ones you are least able to hold a stake in. What is on offer instead is usually a price chart with nothing behind it.
SkillsCoin is the infrastructure that connects the two — and the record that proves what each side actually holds.
Each card names the business, what it does, and what it is offering — because the difference between those offerings matters more than the count. Terms publish with the offering, and a business that is not yet able to take part says so on its card rather than being hidden.
The fastest way for a platform like this to mislead someone is to let a reward point sit in the same column as an equity interest. Here they are separate objects with separate ledgers and separate transfer rules — confusing them would require code that does not exist.
Locking it buys a place in the queue. Eighteen months takes the first allocation window on every offering with no cap; twelve, six and three months follow behind it, capped at US$ 40,000, US$ 15,000 and US$ 5,000. A longer lock buys priority and headroom, never extra units — an asset that paid a passive return would stop being a virtual asset. Supply is fixed at 21 million.
Credited one for one the moment SKLZ is locked. It is what settles participation in an offering and what a distribution pays into — a claim against the position you locked, not a return on it. It is not backed by a reserve and is not redeemable against one, which is why it is not called a stablecoin.
Real ownership of the operating business, in your name on its share register — not a token that tracks a company but the company itself, ranking with every other shareholder and outliving this platform. It is the one thing here that is a claim on what the business earns and owns. Tokenising a share would not change what it is; the SEC and ESMA have both said so in terms. No equity offering is open, and none can be until the securities authorisation is held.
What you acquire by funding a project. Its legal character is set per offering, not globally — one project may be reward-based and the next a regulated interest.
Community backing is what gets these businesses funded at all, and a funded business serves the neighbourhood that backed it, hires out of it, and stays owned in it. For the backer it is contribution, recognition and early access — deliberately non-transferable and non-redeemable, because the moment a reward has a market price it becomes something else. A stake in the business is the card beside this one.
Every participation, payment, allocation, reversal and distribution is written down as it happens — so you can always see what changed, when, and why. Not a summary produced afterwards: the same entries the accounting itself is derived from.
There is no value, gain or return anywhere on it. SkillsCoin does not price private businesses, and what you paid is not what a holding is worth. The record says what happened; it does not offer an opinion about it.
Capital only matters if a business can turn it into customers, operations and people who come back. SkillsCoin helps a business structure participation, raise capital and maintain a clear economic record. It does not run the business, and it does not decide how the money is spent.
ISKRA is a separate operating system. It does not issue anything, it creates no economic rights, and it is not the funding platform.
None of it is required. A business can structure an offering here, raise on it, and keep its record for years while running every part of its operation on its own systems. Nothing on SkillsCoin asks whether it does. Where a business does want the operating layer, it is available through ISKRA — as a separate decision, made separately.
Each stage is a control, and each control can refuse. Administrator approval is not a formality at the end — no offering becomes visible to anyone until it has passed.
The project files terms, disclosure and documents. An administrator sets instrument type, jurisdictions, valuation and period, then approves or refuses.
Where an offering may lawfully be made is derived from the authorisations held, narrowed by the markets that business names. Minimum and maximum participation are enforced per participant. Identity verification is not built yet, and nothing here pretends otherwise.
Risk disclosure must be acknowledged before a subscription form opens. Payment is taken only against a subscription that already cleared eligibility.
Allocation, confirmation, then continuous reporting and distribution where the instrument provides for it — every distribution fully attributed.
Where an instrument may lawfully be offered is derived from the authorisations the platform actually holds, intersected with the markets each business names. A business cannot advertise a country the authorisation layer does not allow. Identity verification is not yet built, and no page here claims otherwise.
Client onboarding, order lifecycle, conversion, settlement, reconciliation. A distribution records payer, payee, instrument, period and the basis of calculation — the evidence a regulator asks for is produced as a by-product, not reconstructed later.
Eighteen regulatory feature flags, each tied to a specific activity and a specific permission. A licence granted turns a feature on; a licence lost turns it off. Neither requires touching the product.
Deployed May 2025 and verified. Every figure below was read from the contract at the address shown, including the three that decide whether SKLZ is a utility token or something else. Nothing here is a claim you have to take on trust — it is all readable by anyone, which is the point.
Most projects publish a contract address and stop. The address only tells you where the token lives — what matters is which levers still exist and who holds them. Both lists are read from the deployed contract.
setReflectionConfig — could switch on passive yieldsetTaxConfig — could introduce a transfer taxsetDeflationConfig — could introduce automatic burningsetMaxTokenAmountPerAddress — could cap individual balancesexcludeFromRewards / excludeFromFeesAndLimitstransferOwnership · renounceOwnershipSKLZ is the network's utility token. It carries no right to revenue, profit or a share of assets in SkillsCoin or in any listed project, and the contract confirms it: reflection disabled, transfer tax zero, deflation zero. That is not a marketing claim — those three values are readable by anyone at the address above.
It matters because of where the line sits. Under Saint Vincent and the Grenadines' Virtual Asset Business Act 2022 a virtual asset is registrable business, and the FSA's guidance expressly excludes securities from that definition. The SEC's March 2026 interpretive release draws the same line from the other side: a non-security digital commodity is one without "intrinsic economic properties or rights, such as generating a passive yield or conveying rights to future income, profits, or assets." A token that reflected fees to holders would generate exactly that. SKLZ as deployed does not — which is what keeps it on the registrable side.
The honest caveat is in the panel above: that position is currently a configuration, not a property. The owner key can still enable reflection. Participation in a project is, and stays, a separate instrument — acquired separately and shown in its own column everywhere on this platform.