skytere is an open source peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world.
Skytere native coin is secure, fast and decentralized, supply controlled and market driven, demand based.
When the demand for Skytere rises, the price of Skytere experiences an upward trend, this surge in price motivates miners to participate in the network leads to an increase in the network’s mining difficulty.
The increase in mining difficulty, results in the creation of more Skytere coins. Conversely, when the demand for Skytere experiences a downtrend, the price of Skytere decreases. This price reduces leading to some miners exiting the network.
The network’s difficulty decrease, causing a corresponding adjustment in the coin supply. This mechanism prevents oversupply and helps maintain the stability of Skytere’s ecosystem.