@ 0.000045 Eth
Fully Diluted Market Cap
Max Total Supply:
The SKALEverse Ecosystem
The SKALE ecosystem is fully optimized for Web3 user experience and includes zero gas fees, instant finality, pooled security, and interoperability with Ethereum.
The SKALE Network is an Ethereum-native decentralized blockchain network that supports thousands of independent blockchains, multichains, and storage chains with near-zero gas costs, faster commit times, and increased transaction throughput.CTA
Zero or Near-Zero Gas Fees
Fast Commit Times & Increased Throughput
On-Chain Storage Capacity
Gain Access to an Incredibly Secure Network of Configurable Blockchains with the SKL Token
The SKALE token (SKL) is a hybrid-use token representing the right to work in the network as a validator, stake as a delegator, or access a share of its resources as a developer by deploying and renting a SKALE chain for a set period.
The SKL Token Serves Four Main Functions
Validating, Executing, & Securing
SKL token holders (delegators) stake their SKL tokens to validators who run nodes that make the SKALE network function by validating blocks, executing smart contracts, and securing the network.
Developer Subscription fees
Developers purchase their subscription access to SKALE chains (S-chains) using SKL tokens.
Rewards for Validators & Delegators
Rewards are accumulated monthly, based on fees paid by developers for chains and monthly inflation of tokens into the network.
Governance & Voting
SKL tokens will soon be used for on-chain voting, which will control all economic parameters of the SKALE Network.
The Modular, Multichain Network with Zero Gas Fees
How do delegator rewards work?
If an SKL token holder decides to delegate SKL tokens with a validator, the delegator will receive token rewards based on the number of tokens they delegated, the commission percentage set by the validator, and the amount of time they stake for. Initially only the 2-month epoch and associated with it rewards is available. In the future delegators will receive a bonus dependent on the length of time they choose to lock up and stake. The staked tokens are locked during the selected staking period length. The longer delegators they delegate their tokens up, the more rewards they can receive. These rewards are distributed out and liquid at the end of every epoch. Once chosen, staked tokens are locked until the period they chose is complete.
What’s the unbonding period?
There is no unbonding period, but only a delegation period and whenever you request undelegation you need to wait until your delegation period ends, at the end of every month.
What are the risks of staking?
Currently, there is no actual risk to the stake, as the main penalty for validators at this phase is bounty reduction if a validator fails to stay in compliance with minimum requirements. In future network phases, the stake will be slashed if a validator exhibits malicious behavior.
Is there a minimum delegation/staking period?
Yes, there is a minimum delegation/staking period of 2 epochs (2 months). Additional delegation periods may be added in the future.
How can I renew delegation of my SKL tokens after the delegation period ends?
Your SKL tokens will automatically be redelegated to the same validator for the same delegation period, unless you choose to manually turn off automatic renewal.
How often can rewards be claimed?
Rewards are distributed every month and will be available for delegators to claim every 1st day of each month.
More information can be found here: https://skale.network/blog/network-bounties-and-delegation-workflow/
How can I calculate my staking rewards?
You can use the ConsenSys Activate Calculator here: https://activate.codefi.network/staking/skale/calculator
or you can use the Staking Rewards calculator here: https://www.stakingrewards.com/calculator/skale
How can I stake the SKL token?
Can validators be swapped?
Yes. If the delegation hasn’t been accepted yet the token holder can cancel and delegate to a new validator. If the delegation has been accepted, the delegator has to first undelegate. Then once the next epoch starts, the delegator can make a delegation request to another validator for the next epoch. In this case the delegator will loose one month of delegation. This will be changed in the future.
Can delegators choose any validators?
Delegators can choose to delegate their tokens to any registered SKALE validator. The main factors for delegators in choosing a validator will include the node performance, the commission rate set by the validator, and the reputation/experience of the validator. After researching validators and understanding the risks involved, delegators can decide the number of tokens they want to delegate and which validator they will delegate to. Note that validators can choose to decline individual delegations or not accept any at all, so please check on your delegation once you submit it.