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How much is the SKALE (SKL) currency issued?
The total supply of SKALE (SKL) is 3.9 billion tokens, with 2.3 billion currently in circulation, mainly distributed through seed and private sales, public offerings, and ecosystem development.
Dec 07, 2024 at 08:46 am
How Much is the SKALE (SKL) Currency Issued?
Overview
SKALE (SKL) is a decentralized blockchain platform that enables developers to build and deploy high-performance dApps. The SKL token is used to power the platform and to reward node operators for their contributions to the network.
SKL Issuance
- Total Supply: 3.9 billion SKL
- Circulating Supply: 2.3 billion SKL
Distribution
- Seed Sale (2019): 15%
- Private Sale (2019): 20%
- Public Sale (2020): 25%
- Team and Advisors: 20%
- Ecosystem and Development: 20%
Tokenomics
SKL Token Utility:
- Gas fees for transaction processing
- Rewards for node operators
- Staking for governance participation
- Token Burning Mechanism: A portion of SKL fees is burned periodically to reduce the circulating supply
- Inflation Rate: Approximately 3% per year
Unlocking Schedule
- Seed Sale Tokens: 10% unlocked at launch, then 15% unlocked per quarter for 2 years
- Private Sale Tokens: 10% unlocked at launch, then 15% unlocked per quarter for 2 years
- Public Sale Tokens: 5% unlocked at launch, then 5% unlocked per month for 18 months
Additional Factors
- The SKL token price is influenced by factors such as market demand, supply and issuance, as well as the overall performance of the SKALE platform.
- Node operators are required to stake SKL tokens in order to participate in the network and earn rewards.
- SKALE plans to introduce various mechanisms to increase the utility and demand for the SKL token over time.
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