-
Bitcoin $84,222.9920
4.32% - Ethereum
$1,922.6054
3.43% - Tether USDt
$1.0000
0.05% - XRP
$2.3471
5.22% - BNB
$586.0393
2.12% - Solana
$134.6640
10.44% - USDC
$1.0000
0.01% - Cardano
$0.7360
5.64% - Dogecoin
$0.1715
5.11% - TRON
$0.2216
-0.69% - Pi
$1.5153
-9.35% - UNUS SED LEO
$9.8288
1.19% - Chainlink
$13.8193
7.63% - Stellar
$0.2741
1.93% - Hedera
$0.1912
2.30% - Avalanche
$18.8153
4.90% - Shiba Inu
$0.0...01276
7.20% - Sui
$2.3313
9.39% - Toncoin
$2.9149
6.83% - Litecoin
$91.2282
4.95% - Polkadot
$4.1970
7.43% - Bitcoin Cash
$327.8214
0.17% - MANTRA
$6.2500
-0.70% - Ethena USDe
$0.9998
0.03% - Dai
$1.0001
0.01% - Bitget Token
$4.4231
6.26% - Hyperliquid
$13.7894
10.46% - Monero
$209.2098
1.78% - Uniswap
$6.0794
4.47% - NEAR Protocol
$2.6313
4.12%
What is the issuance price of SKALE coin?
The issuance price of SKALE coin during its 2019 ICO was set at $0.05, marking the initial value of the native token that powers the SKALE blockchain and facilitates network operations.
Nov 23, 2024 at 03:13 am
A Comprehensive Guide to SKALE Coin: Issuance Price and Key Features
Understanding SKALE Coin and Its Issuance
SKALE is a blockchain-based distributed computing network that enables developers to create high-performance, low-cost dApps. The SKALE network is powered by its native token, SKALE, which plays a crucial role in network operations and governance.
Issuance Price of SKALE Coin
The issuance price of SKALE coin during its initial coin offering (ICO) in 2019 was $0.05.
Key Features of SKALE Coin
The SKALE coin serves multiple functions within the SKALE ecosystem, including:
1. Network Security and Governance:
- SKALE holders can participate in network governance by voting on proposals and staking their tokens to support validators.
- Staking rewards incentivize participation in network security, ensuring the integrity and reliability of the SKALE blockchain.
2. Transaction Fees:
- SKALE coins are used to pay for transaction fees on the SKALE network.
- Fees are paid to validators who process and secure transactions, ensuring the smooth operation of the network.
3. Gas Token:
- SKALE tokens act as a gas token, enabling developers to execute code and perform transactions on the SKALE blockchain.
- Developers pay gas fees in SKALE tokens to cover the computational resources consumed by their applications.
4. Elastic Resource Provisioning:
- SKALE's flexible architecture allows for the dynamic provisioning of computing resources.
- Developers can purchase SKALE tokens to acquire elastic resources, scaling up or down their dApps as needed to meet demand.
5. Incentives for Participation:
- SKALE rewards participants in the network ecosystem for their contributions.
- Token holders can earn rewards for staking, running nodes, and contributing to the community.
6. Liquidity and Exchange:
- SKALE coin is listed on major cryptocurrency exchanges, providing liquidity and accessibility for traders and investors.
- Liquidity ensures that SKALE holders can easily buy, sell, or trade their tokens as desired.
7. Community Engagement:
- SKALE fosters a strong community of developers, users, and enthusiasts.
- Token holders can participate in community events, forums, and social media channels to connect with others and contribute to the growth of the SKALE ecosystem.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Multi-Engine Gaming Platform PlaysOut Raises $7M to Expand Its Presence in the Global Hyper-Casual Games Market
- 2025-03-15 05:10:53
- Bitcoin Has Been Consolidating Below the $93,000 Level
- 2025-03-15 05:10:53
- This Surge Propelled Its Market Capitalization to $11.8 Billion
- 2025-03-15 05:10:53
- XRPTurbo Captures the Attention of XRP Investors as the Cryptocurrency Surges Past $2.30
- 2025-03-15 05:10:53
- The Supply of Stablecoins on the Solana Network Has Grown Significantly in 2025
- 2025-03-15 05:10:53
- XRP Price Prediction: Can XRP Reach $15? Crypto Analyst Ali Martinez Provides a Bullish Outlook
- 2025-03-15 05:05:54
Related knowledge
Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...
How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...
What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...
How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Can the leverage multiple of SOL coins in leverage trading be adjusted at any time?
Mar 13,2025 at 10:16pm
Key Points:Leverage multiples in SOL futures trading are generally not adjustable during an open position. Adjustments are usually only possible before entering a new trade or after closing the existing position.The specific rules regarding leverage adjustment vary significantly between different cryptocurrency exchanges. Each platform sets its own para...
Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...
How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...
What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...
How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Can the leverage multiple of SOL coins in leverage trading be adjusted at any time?
Mar 13,2025 at 10:16pm
Key Points:Leverage multiples in SOL futures trading are generally not adjustable during an open position. Adjustments are usually only possible before entering a new trade or after closing the existing position.The specific rules regarding leverage adjustment vary significantly between different cryptocurrency exchanges. Each platform sets its own para...
See all articles
