Being new to crypto-currency, there are tokens that I wasn't familair with. I had heard of Bitcoin ofcourse, and Ethereum. But Skale? No idea.
Thanks to CoinBase's education program and free crypto-earning program ( referal link if you are interested), I've learned more than I knew before.
Today I'll dive deeper into Skale, as I just completed the training and received $3 worth of tokens.
Skale has a roughly 380 million market cap and is growing. The official description is:
SKALE (SKL) is an Ethereum token that powers the Skale Network, which describes itself as “an Ethereum-compatible network with a leaderless consensus designed to run on an uncapped number of independent nodes.” Nodes on the Skale Network provide resources to multiple decentralized elastic blockchains. The SKL token grants a right to participate as a network validator, stake as a delegator, or access a share of the network’s resources as a developer.
It is the 12th most held asset on COINBASE and people usually hold it for 11 days. They are getting close to a billion SKL in supply ( 959 million) and the last 24 hours there was almost 100 million in trade volume.
There are more people selling than there are buying SKALE at the moment.
Should you be interested, please do visit SKALE's official website.
Or sign-up with Coinbase and complete the training to get free SKALE crypto and others.
