SKALE NETWORK

SKALE

Dec 1, 2020
SKALE your investment

The SKALE Network is a high-throughput, low-latency, configurable byzantine fault tolerant, elastic blockchain network built interoperably with Ethereum. The initial and primary use case for this network will be in form of elastic sidechains for the Ethereum Blockchain. In this context it can be described as an ‘Elastic Sidechain Network’. Sidechains in the network are operated by a group of virtualized subnodes selected from a subset of nodes in the network and are run on all or a subset (multitenancy) of each node’s computation and storage resources. Each sidechain is highly configurable, with consumers being able to choose their chain’s size, consensus protocol, virtual machine, parent blockchain, and additional security measures (e.g. virtualized subnode shuffling frequency).

The SKALE token is a work and usage token. To have the right to work in the network, nodes must run the SKALE daemon and stake a predetermined amount of SKALE tokens on the Ethereum mainnet via a series of smart contracts known as the SKALE Manager. Once a node has been admitted to the network, 24 peer nodes will be randomly selected to audit its uptime and latency – these metrics will be submitted regularly to the 1 SKALE Manager and will affect a node’s rewards for participating in the network.  

TOKENOMICS

The SKALE Network helps developers run smart contracts with sub-second block times, at high throughput, and extremely low costs. SKALE is an open-source elastic blockchain network. It serves as a security and execution layer that connects with Ethereum and is deeply integrated into the Ethereum Network. The network grows linearly to support thousands of independent blockchains, elastic sidechains, file storage chains, and other types of subchains – all tied to the Ethereum public mainnet and fully compatible with the entire Ethereum ecosystem.

To sum this up, its a utility token but not your standard ERC token, it’s an ERC777 token. You can read about the ERC777 token. A cool feature which allows holders to stake from their own wallet.

But what you want is, will the price go up on launch? The simple answer is yes and here is the break down:

So what you can see here is a balanced, however not perfect, token distribution.

Private sale buyers have their tokens locked in between 2 – 5 years. The only sell pressure will come from validator rewards (as they receive rewards) and ecosystem support (1.3%) and the presale (public launch allocation 4.23%). 

From my research, it should be a fairly open market up with little sell pressure until the 60th-day post-launch. 

The hype is huge and their partnerships are unparallel for a launching project.

According to my experimental launch guide, it scores a 75 (very high)

For more tokenomic information and DYOR – click here.

Launch day is 1st Dec 0100 UTC (give or take 1hr) on Uniswap, Binance and Huobi. Read more here for listing.

Countdown: TIME

Website: https://skale.network/

TG: https://t.me/skaleofficial

WP: https://skale.network/whitepaper

None of this is financial or legal advice, Please treat this information as educational.