What is SKL

1. Project Introduction
SKALE Network is a modular, Ethereum-native blockchain platform that enables fast, low-cost dApp deployment with strong security and decentralization. It offers near-zero gas fees and leverages a PoS consensus with random node selection and rotation. Each elastic sidechain consists of virtualized subnodes dynamically assigned across the network, allowing shared infrastructure and high throughput across multiple chains.
2. Team & Investment Info
Jack O'Holleran: Co-founder & CEO; previously co-founder at Aktana, executive roles at Motorola and Good Technology.
Stan Kladko: Co-founder & CTO; founder of Cloudessa (acquired), and former U.S. government crypto lab researcher.
Funding:
2018: $9.65M led by Multicoin
2019: $17.1M from Hashkey, ConsenSys
2020: $5M public sale
3. Social Media URLs
X: https://x.com/SkaleNetwork
Telegram: https://t.me/skaleofficial
Discord: https://discord.com/invite/gM5XBy6
GitHub: https://github.com/skalenetwork
4. Token Info
Token Symbol: SKL
Max Supply: 7,000,000,000
Total Supply: 5,547,261,713
Token type: ERC-777 (ERC-20 compatible)
Issuance/Burn Mechanism: Inflationary model with capped supply
Contract Address:
https://ethplorer.io/zh/address/0x00c83aecc790e8a4453e5dd3b0b4b3680501a7a7
Token Distribution:
Total supply: 4.14B SKL
SKALE Foundation: 10%
Validator Rewards: 33%
Ecosystem Fund: 1.3%
Protocol Development: 7.7%
Founding Team: 16%
Core Team Pool: 4%
Early Supporters: 25.6–28.2%
Public Launch: 4.2%
5. Related Links
Official Website: https://skale.space/
White Paper: https://skale.space/
LinkedIn: https://www.linkedin.com/company/skale-labs/
Other Info: https://www.rootdata.com/Projects/detail/SKALE?k=MTIzMw%3D%3D