Market
SKALE Network
SKL
$0.01261
-3.01%
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USD
SKL
≈
792.86
SKL
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$500
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Market data
Market cap
$76.46M
Rank
#440
24H volume
$9.62M
Circulating supply
6.06B SKL
97% of total
All-time high
$1.22
-9610.45%
All-time low
$0.01
17.69%
Total supply
6.26B SKL
Max supply
7B SKL
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About SKALE Network
SKALE Network Price Summaries
SKALE Network's price today is $0.01261, with a 24-hour trading volume of $9.62M. SKL is -3.01% in the last 24 hours. It is currently -28.75% from its 7-day all-time high of $0.0177, and 2.03% from its 7-day all-time low of $0.01236.SKL has a circulating supply of 6.06B SKL and a max supply of 7B SKL.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’. 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.
