We are excited to announce that SKL/USDT trading pair will be available for trading on CoinTiger Novel zone at 18:00 on December 1, 2020 (UTC+8).
Here are the timelines with respect to the listing (UTC+8):
1.Deposit opening at 16:00 on 1 December 2020.
2.Trading opening at 18:00 on 1 December 2020.
3.Withdrawal opening at 18:00 on 2 December 2020.
Token Introduction: SKALE Network is a web of elastic blockchains built to optimize scalability and improve user-experience for decentralized applications.
SKALE Network is a Delegated Proof-of-Stake (DPoS) network, utilizing a type of Asynchronous Binary Byzantine Agreement (ABBA) consensus mechanism.
SKL is SKALE Network’s ERC-777 native utility token and has the following use cases:Network Security and Staking: SKL token holders can stake and delegate SKL tokens to validators who run nodes that make the SKALE Network function by validating blocks, executing smart contracts, and securing the network.
Payments: developers can purchase subscription access to elastic blockchains (S-chains) using SKL tokens.
Governance: SKL tokens will be used for on-chain voting, which controls all economic parameters of the SKALE Network.
SKALE Network aims to enable developers to run Ethereum applications with high performance and low costs. The project also provides application-specific blockchains, which give each application its own blockchain that can connect seamlessly to the Ethereum Mainnet without sacrificing decentralization or security.
Risk warning: Crypto-currency investment is subject to high market risk. Please make your investments cautiously. CoinTiger will make best efforts to choose high quality coins, but will not be responsible for your investment losses.