Other Assets

Previous Skills Labs assets.

Other Assets

In its infancy, Skills Labs featured a variety of assets within our ecosystem. As we move forward, we are consolidating our ecosystem to enhance the utility of SKILL, our primary token. We value the holders of all Skills Labs assets, which is why we've implemented mechanisms to ensure their continued relevance:

• SKILL/NFT Pool: We've launched a SKILL/NFT pool that allows users to trade in their Skills Labs NFTs and receive a portion of the pool's SKILL tokens. The amount of SKILL received is proportional to the type of NFT traded, providing a fair and transparent exchange mechanism.

• SKILL/BSKILL Order on Muesliswap: We have also created a SKILL/BSKILL order on Muesliswap's orderbooks. This allows users to trade in their BSKILL tokens for SKILL at a stable and predictable rate, further supporting the consolidation of our ecosystem.

These initiatives are part of our commitment to ensuring that all assets within the Skills Labs ecosystem maintain value and utility as we streamline our operations to focus on SKILL.

Ada Budz

Ada Budz is an early OG Cardano meme collection, minted during the nascent days of Cardano's DeFi ecosystem. Designed to be a fun and interactive way to engage with the Cardano blockchain, Ada Budz allowed holders to earn HERB tokens through various activities within the ecosystem.

As Skills Labs evolved, Ada Budz holders were given the opportunity to convert their assets into new Skills Labs assets, integrating them into our broader ecosystem. Over time, a significant portion of both the Ada Budz NFTs and HERB tokens have been sent to our burn wallet, reducing the circulating supply and reinforcing the scarcity of these early collectibles.

While Ada Budz no longer offers additional utility beyond the ability to harvest HERB tokens when available in the rewards pool, they remain a cherished part of our history. Although no longer available for minting, Ada Budz NFTs can still be bought or sold on secondary markets, preserving their legacy as a fun and nostalgic part of the Cardano ecosystem.