skale-network logo
Skale
SKL
$0.10

Sector

Smart Contracts

Exchange Debut

2020-12-01

Market Cap

517,390,836

Maxim Supply

7,000,000,000

Circulating Supply

5,179,144,337

Circ. Supply(%)

73.99%
skale-network logo

Skale

SKL

Price

$0.10

Market Cap

Sector

Exchange Debut

517,390,836
2020-12-01

Volume 24h

High 24h

Low 24h

19966229
0.102064413582
0.095060508016

Change 24h

Change 7d

Change 30d

-2.1217
15.5809
36.4919

Maxim supply

Circulating supply

Circulating supply(%)

7,000,000,000
5,179,144,337
73.99%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Skale – SKL cryptocurrency:

 

Skale, an innovative modular blockchain network designed to enhance Ethereum’s scalability, stands out with a unique approach to decentralized applications (DApps). Through its on-demand, pooled-security blockchains, known as SKALE chains, the network ensures high speed and zero gas fees, prioritizing both decentralization and security. This strategy, in line with real-world needs and user-specific configurations, is reflected in its overall score of 7.64 out of 10 in the fundamental analysis of the Skale – SKL cryptocurrency. This score underlines the project’s robustness and potential in the dynamic world of cryptocurrencies.

SOCIAL & MASS MEDIA: Score 7.6 out of 10

Skale’s social and media presence, with a score of 7.6, indicates a strong engagement in this sphere. The community’s exceptional activity on social media pages (10 out of 10) and notable media presence (9 out of 10) highlight its effective communication and outreach. However, the size of communities in chat groups (5 out of 10) suggests room for growth, pointing towards potential areas for enhancement in fostering a broader community base.

AUDIT & SECURITY: Score 7.22 out of 10

The audit and security aspect of Skale yields a score of 7.22. While the results of audits and liquidity on exchanges are commendable (7.1 and 9 out of 10, respectively), transparency of information (6 out of 10) could be improved. This indicates a balanced approach to security and audit processes, crucial for maintaining trust and reliability.

TOKENOMICS: Score 7.55 out of 10

In the token economy, Skale achieves a score of 7.55. The project’s approach to inflation and centralized monetary mass management (8 and 9 out of 10, respectively) shows a thoughtful and effective strategy in managing its tokenomics, important for long-term viability and investor confidence.

ECOSYSTEM DEVELOPMENT: Score 7.9 out of 10

The ecosystem development of Skale, scoring 7.9, reflects its commitment to achieving objectives and bringing new developments to the project. This is crucial for sustaining innovation and competitiveness in the rapidly evolving blockchain space.

TEAM & DEVELOPERS: Score 7.6 out of 10

The team behind Skale, with a score of 7.6, demonstrates considerable experience and a strong pool of software developers. This foundation is vital for driving forward the project’s ambitions and maintaining its technological edge.

PRODUCT & UTILITY: Score 7.92 out of 10

Skale’s product and utility score of 7.92 showcases the significant utility of both the product and tokens within the ecosystem. This reflects the practical and user-centric approach of Skale, essential for real-world application and adoption.

PARTNERS & INVESTORS: Score 7.25 out of 10

The partners and investors criterion, with a score of 7.25, indicates a solid base of investors and partners. This aspect is crucial for the project’s growth and sustainability, offering a strong support system for its future endeavors.

Fundamental analysis of the Skale – SKL cryptocurrency – The final conclusion

The fundamental analysis of the Skale – SKL cryptocurrency reveals a promising project with robust features and a strong foundation. Its overall score of 7.64 out of 10, derived from various criteria, highlights its strengths in ecosystem development, product utility, and community engagement. However, areas such as community size in chat groups and transparency need improvement. The balanced approach in tokenomics and solid team expertise provide a stable base for future growth. Given these factors, Skale presents a favorable investment opportunity with manageable risks, making it an attractive option in the cryptocurrency landscape. The project’s adaptability and focus on real-world application enhance its potential for success in the ever-evolving blockchain ecosystem.

What is Skale?

 

The SKALE Network, recognized as a modular blockchain network, aims to enhance Ethereum’s scalability. It stands out as the only blockchain network supporting an unlimited number of high-speed, on-demand blockchains with pooled security and no gas fees for end users. These distinct blockchains, named SKALE chains, can be either dapp-specific or shared, offering versatility in application.

Founders and Their Background

Jack O’Holleran and Stan Kladko, both seasoned professionals in the software industry, co-founded SKALE Network. O’Holleran, as the CEO, has a rich history in blockchain and decentralized systems, and Kladko brings a strong background in physics and technology, having co-founded multiple companies.

Unique Features of SKALE Network

SKALE Network’s architecture addresses Ethereum’s scalability and high gas fee issues, offering zero gas fees to end users. This aspect is crucial as fluctuating gas fees can impact the Web3 ecosystem, including developers, users, and NFT creators. SKALE’s capacity increases with each new node, enhancing throughput and computational power across the network. It allows for up to 2,000 transactions per second per chain.

Security Measures in SKALE Network

Security in SKALE is achieved through a multichain network where multiple chains contribute to pooled security. The network employs a proof-of-stake (PoS) mechanism, enhancing security through random assignment and rotation of validator nodes across chains, thus creating resistance against collusion.

Fundamental analysis of the Skale - SKL cryptocurrency

Skale - SKL performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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