SKL

SKALE NetworkSKL

Rank #122
Token
On 74,917 watchlists

SKALE Network Price (SKL)

$0.08453
6.44%

0.000002839 BTC4.00%

0.00004173 ETH3.15%

Low:$0.08292
High:$0.09411
24h
SKL  SKALE Network SKL
Price:
$0.08453
 6.44%
Market Cap
$296,031,486
6.44%
Fully Diluted Market Cap
$591,728,617
6.44%
Volume
24h
$12,675,379
22.01%
Volume / Market Cap
0.04282
Circulating Supply
3.50B SKL
50%
Max Supply
7,000,000,000
Total Supply
4,276,664,349
Sponsored

SKALE Network to USD Chart

Loading Data

Please wait, we are loading chart data

Converter

SKL

SKALE Network

USD

United States Dollar

SKL Price Statistics

SKALE Network Price Today
SKALE Network Price$0.08453
Price Change24h-$0.005815
6.44%
24h Low / 24h High
$0.08292 /
$0.09411
Trading Volume24h$12,675,379.49
22.01%
Volume / Market Cap0.04282
Market Dominance0.02%
Market Rank#122
SKALE Network Market Cap
Market Cap$296,031,486.04
6.44%
Fully Diluted Market Cap$591,728,616.50
6.44%
SKALE Network Price Yesterday
Yesterday's Low / High
$0.08079 /
$0.09303
Yesterday's Open / Close
$0.08079 /
$0.0916
Yesterday's Change

13.39%

Yesterday's Volume$12,642,529.50
SKALE Network Price History
7d Low / 7d High
$0.06078 /
$0.09797
30d Low / 30d High
$0.06078 /
$0.2141
90d Low / 90d High
$0.06078 /
$0.3279
52 Week Low / 52 Week High
$0.06078 /
$0.6702
All Time High
Mar 12, 2021 (a year ago)
$1.22
93.10%
All Time Low
Dec 23, 2020 (a year ago)
$0.05898
43.32%
SKALE Network ROI
No Data
SKALE Network Supply
Circulating Supply3,501,977,671 SKL
Total Supply4,276,664,349 SKL
Max Supply7,000,000,000 SKL

SKL to USD Converter

SKL

SKALE Network

USD

United States Dollar

SKL Price Live Data

The live SKALE Network price today is $0.084533 USD with a 24-hour trading volume of $12,675,379 USD. We update our SKL to USD price in real-time. SKALE Network is down 6.44% in the last 24 hours. The current CoinMarketCap ranking is #122, with a live market cap of $296,031,486 USD. It has a circulating supply of 3,501,977,671 SKL coins and a max. supply of 7,000,000,000 SKL coins.

If you would like to know where to buy SKALE Network at the current rate, the top cryptocurrency exchanges for trading in SKALE Network stock are currently Binance, OKX, FTX, CoinTiger, and DigiFinex. You can find others listed on our crypto exchanges page.

What Is SKALE Network (SKL)?

SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.

The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.

According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.

Who Are the Founders of SKALE Network?

SKALE Network was founded by Jack O’Holleran and Stan Kladko, both of whom have vast experience across the software industry.

O’Holleran — the co-founder and chief executive of SKALE — is a technology entrepreneur who specializes in blockchain and decentralized systems. He continues to hold a strategic advisor role at Aktana, the life sciences company he co-founded in 2008.

According to his LinkedIn profile, O’Holleran began the early stages of his career as an account executive at Good Technology. He spent two years there before joining Motorola’s business development and product strategy division.

Kladko spent many years obtaining a PhD in physics prior to co-founding SKALE, and worked for 16 years as a technology executive in San Francisco’s Silicon Valley.

He has co-founded several other companies, including Galactic Exchange and Cloudessa.

What Makes SKALE Network Unique?

SKALE Network is geared towards improving both security and decentralization of Ethereum-based apps.

Token holders on the SKALE Network are incentivized and earn rewards by helping to improve the scalability and security of the platform by serving as validators.

The SKALE Network was the first project to launch a token on ConsenSys Codefi’s Activate platform — which is “designed to launch decentralized networks and allow customers to purchase, manage and use their tokens — all in one application.” Activate was designed to create new standards for the distribution of utility tokens, and ensure that networks are fully usable as soon as tokens are sold. It’s hoped that this approach will help clean up the appearance of the initial coin offering sector, which has been susceptible to scams in recent years.

By launching a token that meets regulatory standards, SKALE is intending its token to be widely adopted and avoid any fraudulent activity.

Ethereum is typically slow to verify and authorize transactions. 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, according to the team.

Find out more about Polkadot.

Check out our deep dive into decentralized finance.

Learn about cryptocurrencies with CoinMarketCap Alexandria.

\ Subscribe to the CoinMarketCap newsletter.

How Many SKALE (SKL) Coins Are There in Circulation?

The total supply of SKL tokens at the launch of the SKALE Network was 4.1 billion. When it comes to the maximum supply, this figure is fixed at 7 billion tokens.

According to a white paper released by the SKALE Network in July 2020, one third (33%) was allocated to validator rewards, 28.1% was earmarked for delegators, 16% was allocated to the broader founding team, 10% to the SKALE Foundation, 7.7% to the protocol development fund, 4% to the core team pool and 1.3% to the ecosystem fund.

How Is the SKALE Network Secured?

Validators in the SKALE Network secure the network by proposing blocks. Once the validators come to a consensus on a finalized block, the blocks are committed to the chain.

The SKALE Network uses proof-of-stake (PoS) to ensure the network is secured.

Where Can You Buy SKALE Network (SKL)?

There are several exchanges where one can buy SKL tokens. The first ones to list SKL include Huobi, Binance and Uniswap. Read more about how to convert fiat currencies to crypto here.

Converter

SKL

SKALE Network

USD

United States Dollar

SKL Price Statistics

SKALE Network Price Today
SKALE Network Price$0.08453
Price Change24h-$0.005815
6.44%
24h Low / 24h High
$0.08292 /
$0.09411
Trading Volume24h$12,675,379.49
22.01%
Volume / Market Cap0.04282
Market Dominance0.02%
Market Rank#122
SKALE Network Market Cap
Market Cap$296,031,486.04
6.44%
Fully Diluted Market Cap$591,728,616.50
6.44%
SKALE Network Price Yesterday
Yesterday's Low / High
$0.08079 /
$0.09303
Yesterday's Open / Close
$0.08079 /
$0.0916
Yesterday's Change

13.39%

Yesterday's Volume$12,642,529.50
SKALE Network Price History
7d Low / 7d High
$0.06078 /
$0.09797
30d Low / 30d High
$0.06078 /
$0.2141
90d Low / 90d High
$0.06078 /
$0.3279
52 Week Low / 52 Week High
$0.06078 /
$0.6702
All Time High
Mar 12, 2021 (a year ago)
$1.22
93.10%
All Time Low
Dec 23, 2020 (a year ago)
$0.05898
43.32%
SKALE Network ROI
No Data
SKALE Network Supply
Circulating Supply3,501,977,671 SKL
Total Supply4,276,664,349 SKL
Max Supply7,000,000,000 SKL