SCALE Network Token Economics
SCALE Token Overview
The SCALE token (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 a
SCALE Chain for a period of time as a developer. Users pay SCALE in
a subscription-based model to rent these resources (computation,
storage, bandwidth) for a predetermined amount of time in the form
of a SCALE chain. Validators stake SKL into the network and then
gain the right to run nodes and earn both fees and tokens via
inflation. Delegators may delegate their tokens to validators and
earn rewards.
Token Distribution
based on Max Supply
Token Lock Up Schedule
Tokens awarded to SCALE supporters in early (pre-public) rounds
are not liquid upon launch. To ensure network security and
stability, these tokens can be staked. All staked tokens earn
standard validator rewards.
Early supporters purchased the right to support the network via an
agreement for future tokens upon network launch. Prices vary based
on time of investment. Lower prices are balanced with longer
lock-periods to ensure aligned network economics.
Total Lock Period
(Months Post Launch)
*
Round 1 pricing per cumulative investment by R1 SAFT investors in
SCALE Labs, Inc. prior to asset transfer to N.O.D.E. Foundation
Token Unlock Schedule
All lock dates commence at Phase 2 Network Launch
What is the SCALE Network?
SCALE is an open-source blockchain network that helps developers run
smart contracts with sub-second block times, at high throughput,
with zero gas fees to end users. It serves as a security and
execution layer that is EVM compatible. The network grows linearly
to support thousands of independent blockchains, file storage
chains, and other types of subchains – all tied to the Ethereum
public mainnet and fully compatible with the entire Ethereum
ecosystem.
SCALE Launch on ConsenSys Activate
The SCALE Network is chosen as the inaugural project to launch on
the ConsenSys Activate platform. Activate makes it easy to use the
token for staking and delegation and is built to meet and developthe
rigorous Proof-of-Use standards for network and token launches.
Token Details
*based on Total Supply at Genesis
Max Supply:
7,000,000,000 SKL
Est.Network issuance:
9.3%*
Inital Circulating Supply on Day 61:
564,166,667 SKL
Public Launch Allocation (4.23%)*:
175,000,000 SKL
Public launch price:
$0.03
Staking & Delegation
SKL token holders can easily delegate their tokens to SCALE Node
validators and earn rewards. Staking adds security to the network as
it results in a security collateralization of SCALE Chains which
Developers pay for in SKL tokens. The fees are returned to
validators and delegators for providing security and compute power
to the network.
Proof-of-Use Required Staking
The minimum required staking term on ConsenSys Activate platform
is 60 days. At least 50% of tokens need to be staked in order for
Proof of Use requirement to be satisfied. Staking Rewards can be
calculated using the rewards calculator.
Staking Rewards Calculator
Dynamic token unlock schedule at:
https://supply.skale.network/supply/index.html
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