SKALE Network Price Chart (SKL)

SKALE (Symbol: SKL) is a hybrid use token which represents the right to work in the network as a validator, stake as a delegator, or access a share of its resources by deploying and renting an Elastic Sidechain or Elastic Blockchain for a period of time as a developer. It serves as the built-in instrument of transfer for facilitating three main functions: security of and staking in the network, payment method for SKALE Chain subscription fees and governance and voting. 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. They are rewarded with SKL tokens for their efforts. Developers purchase their subscription access to elastic blockchains (S-chains) using SKL tokens. SKL tokens will be used for on-chain voting, which will control all economic parameters of the SKALE Network.