Maker (MKR) Token Migration to SKY
Binance has officially announced the migration of Maker (MKR) tokens to Sky (SKY) tokens. To support this process and ensure a smooth transition for our users, Kriptomat will be following the migration schedule.
Key Dates
Immediately (effective now): Buying and receiving MKR tokens has been disabled.
Until 14 September 2025: You can still sell or send your MKR tokens.
14 September 2025: Migration period begins. MKR balances on Kriptomat will be converted to SKY tokens.
19 September 2025: Users will receive their new SKY tokens in their Kriptomat wallets.
Swap Ratio
All MKR tokens will be swapped to SKY at a fixed ratio of: 1 MKR = 24,000 SKY
Your balance will be automatically adjusted during the migration to reflect this ratio.
What This Means for You
You cannot buy or deposit MKR tokens anymore.
If you hold MKR tokens on Kriptomat, you don’t need to take any action. We will automatically migrate your balance to SKY.
If you prefer, you may still sell or withdraw MKR tokens before 14 September 2025.
After migration, your MKR balance will be replaced with the equivalent amount of SKY tokens, which will appear in your account on 19 September 2025.
Frequently Asked Questions
1. Do I need to do anything for the migration?
No. If your MKR tokens are stored in your Kriptomat account, we will handle the migration automatically.
2. Can I still trade MKR before migration?
Yes. You can sell or send MKR tokens until 14 September 2025.
3. What happens after 14 September 2025?
All remaining MKR balances will be converted to SKY during the migration.
4. When will SKY tokens appear in my account?
You will see SKY tokens in your Kriptomat wallet on 19 September 2025.
5. Will there be any fees for the migration?
No. The migration process is free of charge for Kriptomat users.
🔹 If you have any questions or need assistance, our Support Team is here to help! You can reach us via the in-app chat or email at [email protected].