Industry Veteran Andrew Saunders Joins SKALE Labs as First Chief Marketing & Growth Officer


September 8, 2021 Launches on the SKALE Network Targeting the $300million Equities Intelligence Market | SKALE

Marcos Sanchez
Head of Communications

It's always exciting to see market disruption, we're particularly excited that SKALE and the benefits of decentralization, gassless transactions and immutable ledgers (blockchain) are a part of this one.  We're super excited for the launch of, a dApp that enables analysts to share portfolio analytics across multiple communities and also collates equities trade-level, or ‘alpha capture’ data, that helps hedge funds and investment institutions to optimize their trading strategies.

This ‘alpha capture’ data is a goldmine for Investment Firms and Wall Street Funds who currently pay Investment banks and brokerages $300 Million a year for this service[1]. Estimates suggest that alpha capture represents a significant 4.8% of the commission on trades globally[2]. Alpha capture is also key in keeping trading fees low across retail investment platforms, as the sale of users trading data is used to offset fees. Covey has opened up the opportunity to earn rewards on intelligent trading strategies to the wider public for the first time, and will operate in a decentralized environment which provides further transparency to users.

In addition to collating trade level data for investment strategy design, Covey offers investors a sophisticated mock portfolio trading suite, enabling them to track and share their investing ideas. What makes Covey different from other portfolio sharing software, is they seek to reward investors with jobs and direct payments based on their performance. Recruiters and large funds use Covey to find diverse talent with a proven track record.

We give investors a mock portfolio to track and share their investing ideas. Investors are organized into communities (Colleges, Former Employers, Interests..) where they learn and compete with others. Our goal is to get the best investors paid for their track record through jobs and direct payments (a.k.a Alpha Capture). - Brooker Belcourt CEO

Learn more about how to participate in the very first onchain trading competition here.


SKALE is a multichain network composed of an unlimited number of secure, decentralized, high-performance Ethereum Blockchains. These SKALE Chains were purpose-built to bring Web3 to billions of consumers around the world. SKALE’s advanced cryptography and pooled security model is fast, secure, and decentralized, allowing developers to deliver amazing user experiences to end users without gas fees or latency. SKALE’s modular and extensible platform includes EVM functionality, file storage, interchain messaging, and machine learning capabilities, but is open sourced and designed to allow developers to easily use best of breed solutions when necessary. This architecture further allows applications to run completely on SKALE chains without centralized dependencies.

The SKALE Network is an open source project with many contributors including SKALE Labs, Inc. headquartered in San Francisco, CA. The SKALE Network’s supporters include Arrington Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Floodgate, Multicoin Capital, Recruit Holdings, Signia VP, and Winklevoss Capital. The SKALE Network is supported by many of the top validators in the world including 01NODE, Ankr, Anonstake, Audit One, Blockdaemon, Blockware, Chainflow, Chainode, Chorus One, Cypher Core, Dokia Capital, Figment Networks,  FreshSkale, Hashed x DELIGHT, Hashquark, Staked, Stakin, Stake With Us, WolfEdge Capital, as well as Staking Facilities. SKALE Network utilised the $SKL token which is listed on 25 exchanges globally, including Binance, Coinbase, FTX, Gemini, Huobi, OKEx and more.

For more information

SKALE's developer use explorer for blockchain:

Early sneak peek at open source BlockScout SKALE Explorer.  (Core team sends a shout out to the BlockScout team for their brilliant open source project)

SKALE Website

Dapp Developers interested in utilizing SKALE for a project, please apply to the SKALE innovator program.

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Documentation on deploying a Dapp to SKALE can be found in the Developer Portal.

To learn more about the SKALE $SKL token, please visit our SKL Token page.

Build on SKALE

The SKALE Innovator Program for developers includes grants, consulting, Marketing & PR, engineering support, QA support, and investor introductions.

Apply to the Innovator Program