What is the SKALE Network SKALE Network
The SKALE Network helps developers run smart
contracts with sub-second block times, at high
Token Economics
throughput, and extremely low costs. SKALE is an
open-source elastic blockchain network. It serves
as a security and execution layer that connects with
SKALE Token Overview
Ethereum and is deeply integrated into the Ethereum
Network. The network grows linearly to support The SKALE token (SKL) is a hybrid use token which represents the right to work in the
thousands of independent blockchains, elastic network as a validator, stake as a delegator, or access a share of its resources by
sidechains, file storage chains, and other types of deploying and renting an Elastic Sidechain or Elastic Blockchain for a period of time
subchains – all tied to the Ethereum public mainnet as a developer. Users pay SKALE in a subscription-based model to rent these
and fully compatible with the entire Ethereum resources (computation, storage, bandwidth) for a predetermined amount of time
ecosystem. in the form of an Elastic Sidechain. Validators stake SKL into the network and then
gain the right to run nodes and earn both fees and tokens via inflation. Delegators
may delegate their tokens to validators and earn rewards.
SKALE Launch
on ConsenSys Activate
Token Distribution based on Max Supply
The SKALE Network is chosen as the inaugural project
to launch on the ConsenSys Activate platform. Ecosystem Fund Validators Rewards
Activate makes it easy to use the token for staking 1.3% 33.0%
and delegation and is built to meet and develop
the rigorous Proof-of-Use standards for network
and token launches.
Core Team Pool
4.0%
Token Details *based on Total Supply at Genesis
Protocol Development Fund
Ticker: SKL 7.7%
Standard: ERC-777
• fully backwards compatible to ERC-20
• supports delegation on the token level SKALE Foundation
Max Supply: 7,000,000,000 SKL 10.0%
*at genesis Total Supply: 4,140,000,000 SKL
[Link] issuance: 9.3%* Broader Founding Team
Delegator Allocation
(Early Supporters + Public Allocation)
in year 1 and descends gradually until year 7
16.0% 28.1%
Inital Circulating Supply on Day 61: 564,166,667 SKL
first day after the Proof-of-Use lock
Public Launch Allocation (4.23%)*: 175,000,000 SKL Token Lock Up Schedule
Public launch price: $0.03
Tokens awarded to SKALE supporters in early (pre-public) rounds are not liquid upon launch. To ensure
network security and stability, these tokens can be staked. All staked tokens earn standard validator rewards.
Staking & Delegation Early supporters purchased
the right to support the network
Early
Supporters
Purchase Price
(1 SKL)
Total Lock Period
(Months Post Launch)
via an agreement for future
SKL token holders can easily delegate their tokens tokens upon network launch.
Round 1 $0.0034 * 36 (5+ years aggregate)
to SKALE Node validators and earn rewards. Staking
Prices vary based on time
adds security to the network as it results in a security of investment. Lower prices
Round 2 $0.0099—$0.0125 15 (3+ years aggregate)
collateralization of SKALE Chains which Developers are balanced with longer
pay for in SKL tokens. The fees are returned lock-periods to ensure aligned
network economics.
to validators and delegators for providing security Round 3 $0.0152 15 (2+ years aggregate)
and compute power to the network.
* Round 1 pricing per cumulative investment by R1 SAFT investors in SKALE Labs, Inc. prior to asset transfer to N.O.D.E. Foundation.
Proof-of-Use Required Staking
Token Unlock Schedule All lock dates commence at
The minimum required staking term on ConsenSys Phase 2 Network Launch
Activate platform is 60 days. At least 50% of tokens 7 Billion SKALE Tokens
need to be staked in order for Proof of Use
6
requirement to be satisfied. Staking Rewards can be
calculated using the rewards calculator on the 5
ConsenSys Activate platform.
4
SKALE Token launch on ConsenSys Activate 3
[Link] 2
1
Dynamic token unlock schedule at:
[Link]/token 0
Y0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12
@SkaleOfficial @SkaleNetwork [Link] Public Allocation Early Supporters Protocol Development Fund Ecosystem Fund
SKALE Foundation Core Team Pool Broader Founding Team Validators Rewards
