SKL
No. 211Price
Markets
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- Coin Introduction
1. Project introduction
The SKALE Network is a highly expandable multichain blockchain network that serves as a secure Ethereum scalability solution. SKALE is an Ethereum-compatible network with a leaderless consensus designed to run on an uncapped number of independent nodes, each of which will be providing resources to multiple high performance decentralized elastic blockchains. The SKALE Protocol optimizes allocation of resources of each node across the entire network of elastic blockchains. Validator Rewards are distributed evenly across the network of nodes; validators maximize rewards based on meeting performance targets. SKALE is a POS network that utilizes a work token. Node setup and staking is simple and takes only a few steps. Using SKALE Network greatly improves the speed at which Ethereum verifies transactions as SKALE can operate much faster and run up to a maximum of 2,000 transactions per second per chain.
2. Team introduction
CEO & Co-Founder: Jack O'Holleran
Linkedin：https://www.linkedin.com/in/oholleran/
CTO: Konstantin Kladko
Linkedin: https://www.linkedin.com/in/konstantin-kladko-017249/
3. Investment institution
Acrew Capital, Arrington XRP Capital, Blockchange Ventures, Blockware Solutions, Boost VC etc.
4. Application and distribution
Max. supply: 7,000,000,000
Token application:
SKL is a hybrid use token which represents the right to work in the network as a validator, stake as a delegator, or access a share of its resources by deploying and renting a SKALE Chain for a period of time as a developer.
Token distribution:
Validators Rewards: 33.0%
Delegator Allocation: 28.1%
Broader Founding Team: 16.0%
SKALE Foundation: 10%
Protocol Development Fund: 7.7%
Core Team Pool: 4.0%
Ecosystem Fund: 1.3%
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