Health data, redefined.
@AxonDAO is bringing decentralized science to the masses by giving users control over their health data and rewarding them for it!
Consent-to-earn just went next level.
👉
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SKALE
Health data, redefined.
@AxonDAO is bringing decentralized science to the masses by giving users control over their health data and rewarding them for it!
Consent-to-earn just went next level.
👉
Show original
12.59K
127
SKALE
Potential tweet:
Health data, redefined.
@AxonDAO is bringing decentralized science to the masses by giving users control over their health data and rewarding them for it!
Consent-to-earn just went next level.
👉
Show original
1.05K
0
SKALE
How does @FAIR_Blockchain benefit $SKL holders?
1. No more losing value to Ethereum
2. Multiple new burning mechanisms
3. Airdrops for $SKL holders!
Listen as @jackoholleran breaks it down 👇
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The Edge Podcast reposted
DeFi Dad ⟠ defidad.eth
👋 Tomorrow, we drop a new @edge_pod featuring @SkaleNetwork CoFounder @jackoholleran!
🌅 Having just announced @FAIR_Blockchain, an MEV-resistant EVM L1, we talk about the evolution of Skale from an early hub of gaming / consumer apps to where we go next in an agentic future.
Jack O'Holleran
We are very excited to announce FAIR, the next gen Layer 1 blockchain which is fully MEV resistant and runs hyper optimized EVM. This is a critical strategic move for the SKALE ecosystem and for the SKL token. @FAIR_Blockchain @SkaleNetwork
FAIR will be a key component of the SKALE Ecosystem and act as the Layer 1 Blockchain to SKALE’s scalability layer.
FAIR plus SKALE means synergy. 1+1=10. These are sibling networks that work together.
FAIR will be a dual token network utilizing SKL and FAIR’s native token. A native token was needed in order for it to be a true layer 1. However, it will be the first blockchain to utilize a dual token mode as both SKL and the native token will have functional utility within FAIR.
FAIR will be an SKL burning machine. Validators will need to purchase and burn SKL in order to operate nodes in the FAIR blockchain. Devs will need to burn SKL in order to utilize the FAIR SDK in SKALE chains. The goal is to create dynamic synergies between the blockchains and token value capture mechanics.
FAIR has a few big advantages
1 - It will start with 350+ dapps connected to it on day 1 due to its native connection to the SKALE Network. We are saying goodbye to the value capture loss SKALE experiences every day to Ethereum. Now assets and value will stay in the ecosystem.
2 - It will be the first truly MEV resistant Layer 1. This is because encryption lives all the way down at the consensus level. Front running is not possible on this blockchain. This will create a new norm and set the standard for blockchain execution.
3 - It will be the most optimized blockchain in the world for AI agents. AI will be utilized as part of the product, but the product will provide tremendous advantages to AI defi agents. DeFi will be able to operate at parity to centralized finance and execute limit orders and indexes.
From the perspective of an application, they will still rely on SKALE chains just as they do today. They will be able to run gasless transactions and will need to purchase and pay for chain access with the SKL token. But now when they want to access deep liquidity, they will be able to do this with the native connection to FAIR and no longer need to go to Ethereum or BNB to access liquidity.
Last point - SKL holders will be getting a FAIR airdrop. Please read the SKALE blog to learn more:
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SKALE price performance in USD
The current price of SKALE is $0.022650. Over the last 24 hours, SKALE has decreased by -0.61%. It currently has a circulating supply of 5,775,852,671 SKL and a maximum supply of 7,000,000,000 SKL, giving it a fully diluted market cap of $131.23M. At present, SKALE holds the 155 position in market cap rankings. The SKALE/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
SKALE is an open-source, customizable blockchain network that equips users and developers with the tools to create Ethereum-based decentralized applications (dApps) with high throughput and performance. SKL is the native ERC-777 standard token of the SKALE Network.
SKALE aims to reduce transaction fees and enable network participants with high throughput by introducing a scalable Web3 sidechain called SKALE chain. The architecture of SKALE is supported by SKL token holders and validators that run nodes.
The SKALE network follows a Proof of Stake (PoS) consensus mechanism that is leaderless and asynchronous. SKALE aims to solve the Ethereum scalability issue with a bridge called Interchain Messaging Agent (IMA), which enables transferring of tokens and messages. These transfers are secured using BLS threshold cryptography.
It resolves technical problems and boosts any application's performance by creating an elastic sidechain that is EVM-compatible and interoperable with Ethereum. SKALE manager is responsible for creating these sidechains. It exists on Ethereum mainnet and handles all operations, such as node creation, withdrawals, and bounties.
The SKALE network also supports Solidity, enabling developers to use the same tools and token standards on the Ethereum mainnet. They can even leverage the Web3 storage layer of the SKALE network to directly store files on the elastic chain. Considering the SKALE network can handle over 2,000 transactions per second, and Ethereum can only execute approximately 10 to 45, this project can be a prominent execution layer for many blockchains moving forward.
To add more utility value to the network, the team at SKALE labs plans to add two main extensions storage and inter-chain communication. These will enhance storage capabilities and message relays between multiple sidechains, respectively.
SKL price and tokenomics
SKL is the native multi-purpose token of the SKALE network. It has a maximum supply of 7 billion. At the time of the network launch, 4.14 billion SKL tokens were released. SKL tokens were publicly sold on ConsenSys Activate, raising over $5 million with over 3,700 purchasers. The SKL price was $0.03, and more than 167 million tokens were purchased.
More than a third of the total supply of SKL tokens went to the validator community at an annual issuance rate of 9.3 percent. An additional 25 percent of tokens were given to network supporters, including validators, delegators, and users of other sidechains. A further 20 percent was distributed to employees and the founding team, with a total vesting period of over 5 to 6 years.
About the founders
On Jan 1, 2018, SKALE was founded by CEO Jack O'Holleran and CTO Stan Kladko. Before starting SKALE, O'Holleran spent over a decade building Aktana, a company dedicated to helping life science companies with their AI-enabled Contextual Intelligence Engine.
Kladko has over 18 years of experience in cryptography and holds a Ph.D. in Physics. At Stanford University, he founded a crypto startup called Ingrian Networks, which SafeNet later acquired.
SKALE has raised a total funding amount of $22.5 million over six rounds. The initial coin offering helped raise $5 million; the rest came from top investors from Korea, the US, and Europe. Arrington Capital, Multicoin Capital, and Blockchange Ventures are a few investors in funding rounds.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 201 new posts about SKALE, driven by 138 contributors, and total online engagement reached 54K social interactions. The sentiment score for SKALE currently stands at 80%. Compared to all cryptocurrencies, post volume for SKALE currently ranks at 5514. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of SKALE.
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Posts
201
Contributors
138
Interactions
53,542
Sentiment
80%
Volume rank
#5514
X
Posts
96
Interactions
25,577
Sentiment
84%
SKALE FAQ
How much is 1 SKALE worth today?
Currently, one SKALE is worth $0.022650. For answers and insight into SKALE's price action, you're in the right place. Explore the latest SKALE charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as SKALE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as SKALE have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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