SKALE Network SKL
Report IssueSKALE Networks' modular protocol is one of the first of its kind, allowing developers to easily deliver highly customizable blockchains that provide the benefits of decentralization without sacrificing computation, storage, or security. SKALE Network is an open source Web3 platform designed to bring blockchain speed and customizability.
Details
$0.018
-0.80%
#307
Protocol
ByBit 
Binance 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$0.02 -0.80%
$0.03
Multicoin Capital Tier 1
Arrington XRP Tier 2
Galaxy Digital Tier 2 SKLSKALE Network
USDCUSD Coin
Short Review SKALE Network
Crypto project SKALE Network (SKL) is classified as a Protocol. SKALE Network is a Utility token that is hosted on the Ethereum Network. The current total supply is 4,140,000,000 (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of $4,375,000 (1.8% of total tokens) have been allocated for the public sale. The level of social activity of the SKALE Network project is assessed as High.
SKALE Network ICO Overview
Estimated date for the public token sale: 5 September 2020. SKALE Network (SKL) price during the token sale: 0.03 USD. Min/Max Personal Cap: TBA / $1,153. You can purchase project tokens for ETH USDC DAI
SKL Price Chart
The launch of SKL token trading took place on 1 December 2020.
Fundraising Rounds
Total sold 2.15 B SKL tokens (0.44% of total tokens). Total amount of funds raised by the SKALE Network project is $22.00 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale | September 11, 2020 | $0.03 | $5.00 M |
| Venture Round | October 2019 | $0.0152 | $5.75 M |
| Private Round | October 2018 | $0.0099 | $8.87 M |
| Seed Round | September 2018 | $0.0034 | $2.38 M |
SKALE Network Investors
Multicoin Capital Tier 1 Arrington XRP Tier 2 Galaxy Digital Tier 2
Hashed Tier 2Detailed review of SKALE
SKALE is a Proof blockchain network of-Stake, built on Ethereum, which claims to have unlimited throughput due to its modular architecture. Essentially, as new independent nodes are added to the network, throughput increases while remaining fast and secure.
SKL is the platform's native token, which both provides access to network resources for developers and acts as a reward.
The idea behind SKALE is to allow developers to rent chains for their decentralized applications (dApps) so that end users can make transactions without gas. SKALE can support games, Web3 applications and NFT platforms. Developers pay SKALE on a subscription basis.
In addition to being a developer, SKALE allows its users to participate in the network as:
- Validators. They host the native SKL token on Ethereum and support networks. These users are rewarded in SKL from the fees that developers pay to rent chains and issue the network (the project issues new tokens and hands them over to validators directly to support them).
- Delegates. They delegate their SKL to validators on the network and receive a portion of their reward in return.
The SKALE Project (SKL)
The project was launched in 2018 by Stan Kladko, Ph.D. who worked in Silicon Valley for a time, and Jack O'Holleran, an entrepreneur with experience in machine learning and artificial intelligence. The SKALE network is supported by the Network Foundation for Decentralized Economy (NODE), a non-profit organization based in Liechtenstein.
The mission of the project is to make blockchain technology simple and cheap to use. They aim to create a secure network suitable for Web3.
Advantages of SKALE (SKL)
- There is a well-thought-out multi-chain system. This means that all nodes can simultaneously work in 8 chains. Nodes are assigned randomly. Moreover, they alternate to prevent collusion attempts.
- It is environmentally friendly. The innovative SKALE mechanism allows the network to efficiently distribute resources between nodes.
- This is convenient.Chain file storage is available. This allows dApps developers to store files locally, which creates new opportunities to integrate products (websites, apps, NFTs) directly into the chain.
Disadvantages of SKALE (SKL) - SKALE is not currently accepting new validators. The network was designed to not register new validators, but this role is now closed.
- SKALE is not currently accepting new validators. The network was designed to not register new validators, but this role is now closed.
