Skylabs is powered by its native BEP-20 token (VSL) and features two independently functioning launchpad platforms: Launchpad and Vsale. Stakers of VSL receive allocations in Launchpad projects and royalties from shared revenue generated from the VSL buy-sell tax and launchpads. They receive 100% of the VSL buy tax, 33.33% of the sell tax, and 20% of revenue generated from both Launchpads. Only VSL stakers can participate in top-tier projects launching off Skylabs Launchpad. Vsale follows the standard 'open launch' model, providing developers a hub to launch projects to the public while locking liquidity. The founding team consists of Robyn Linn, Mike Klinger, and Jeremy James, all with years of experience in cryptocurrency projects.