<p>Skale is an open-source, decentralized network that enables the development of blockchains and decentralized applications (dapps) on the Ethereum network. The project is on a mission to empower developers to create their own blockchains that can seamlessly interact with the entire Ethereum ecosystem while avoiding Ethereum’s gas fees and solving scaling challenges.&nbsp;</p><p>Skale [SKL] token is the native cryptocurrency of the Skale platform that complies with the ERC-777 token issuance standard. The token is required to facilitate network staking rewards, as well as for governance purposes. The chart on this page reflects the live SKL market price.&nbsp;</p><h3><strong>How Does Skale SKL Work?</strong></h3><p>Skale is a layer-2 scaling solution for the Ethereum Blockchain that allows developers to avoid congestion on the Ethereum mainnet by shifting development from the main chain to adjacent side-chains operated by the Skale network. Skale enables the deployment of decentralized applications in a secure, high-performance, and low-cost environment through the use of independent dapp-specific Skale blockchains, each of which acts as a set of private Ethereum-compatible smart contracts.&nbsp;</p><p>Developers can rent these Skale chains to develop DeFi, games, NFTs, decentralized streaming services, and other distributed applications. To do so, developers need to pay a subscription fee in SKL tokens. SKL is the native utility token of the Skale network that is also needed for staking and platform management.</p><p>The Skale ecosystem creates high-performance, minimal-delay, Ethereum-compliant "networks of elastic side-chains" that process transactions 1000 times faster than in the Ethereum network. Thanks to this mechanism, Skale offers extremely fast performance, which allows Ethereum-based dapps to compete with Web2 applications in terms of cost and bandwidth capability. Skale side-chains also enhance the scalability of the main Ethereum network by alleviating congestion.</p><p>To sum up, Skale provides a decentralized, configurable dynamic blockchain network that enables high throughput, low cost, and low latency transactions. The platform provides developers with elastic side-chain networks to design their Ethereum-compatible dapp solutions. Along with that, Skale also replaces gas costs on the Ethereum main net with a fixed subscription fee and offers vast customization options for dapp development.</p><p>EVM-compatible elastic side-chains allow you to provision and deploy provably secure Byzantine fault-tolerant blockchains that allow access to the Ethereum main network. The dynamically configurable, interoperable Skale network is a much-needed solution to numerous problems developers encounter in the Ethereum ecosystem.</p><h3><strong>What is the SKL Token?</strong></h3><p>The Skale network has incentivization and governance mechanisms executed through the SKL token. The SKL token performs four main purposes on the network:</p><p>Security and Staking. SKL holders or delegators allocate their tokens to validators. These validators manage the platform by confirming transactions, executing smart contracts, and ensuring the safety of the network. Validators are compensated with SKL crypto for their contributions to the network.</p><ul><li>Payment. Elastic side-chains are not free-to-use services. Instead, to be able to develop on top of Skale, programmers need to pay subscription fees in SKL.</li><li>Rewarding. Delegators and validators receive crypto rewards in SKL tokens generated from subscription fees and from the delegation of tokens into the network.</li><li>Platform management. SKL tokens grant the voting right on the platform’s modifications and economic parameters of the Skale Network.</li></ul><p>Skale [SKL] Coin is an ERC777-type token. ERC777 is an Ethereum-based token standard that is backward compatible with the widely spread ERC20 standard. This means that all ERC20-enabled Ethereum applications can also support ERC777 tokens. This new standard aims to address some shortcomings of ERC20, in particular, its inability to use a token as a trigger for another smart contract function.&nbsp;</p><p>The network also uses SKL for staking and delegation purposes thanks to the features supported by the ERC777 standard. Unlike ERC20, a delegator using SKL does not have to transfer tokens to an individual delegation smart contract. Instead, they can share their secure delegation key with the staking provider, while keeping the tokens in a crypto wallet of their choice.</p><h3><strong>Where Can You Buy Skale SKL Tokens?</strong></h3><p>SKL Cryptocurrency is available on numerous crypto exchanges including Binance, Coinbase, Coinbase Pro, Uniswap, and over 40 exchanges beyond that. Moreover, you can trade SKL directly through the inbuilt Swap function on MetaMask. Before investing in crypto, be aware of the fact that SKL market price is subject to volatility (extreme value changes).&nbsp;</p><h3><strong>Where Can You Store Skale SKL Tokens?</strong></h3><p>Skale is hosted on the Ethereum network, so SKL tokens can be stored using any ETH-compatible wallet, both cold storage (hardware) and hot storage (software) solutions.</p>

Details

Foundation

Broader Founding Team

Ecosystem Fund

Protocol Development Fund

Public Sale

Network Inflation (Validators Rewards)

Early Supporters

Core Team Pool

<p>Skale is an open-source, decentralized network that enables the development of blockchains and decentralized applications (dapps) on the Ethereum network. The project is on a mission to empower developers to create their own blockchains that can seamlessly interact with the entire Ethereum ecosystem while avoiding Ethereum’s gas fees and solving scaling challenges.&nbsp;</p>

Skale

Ethereum native, modular blockchain network

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Payment confirmed

Add promocode

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Historical data tab for %name% in USD for download and research

SkaleSKL

Historical Data for Skale