The SKL Token

The SKL token is an ERC-777 hybrid utility token natively deployed to Ethereum that allows its holders to:

• Delegate SKL tokens to validators which are then staked into the delegated proof of stake SKALE Network
• Stake SKL tokens as a validator to run a SKALE Supernode
• Pay for SKALE Chains in accordance with SKALE Network’s economic model
• Participate in SKALE Network governance via the SKALE DAO for those who are activley delegated to a validator

Note

SKL is NOT the native gas token of SKALE Chains. Unlike other chains where the native token holds economic value in order to pay for gas fees, SKALE Chains use a token with no economic value called sFUEL which enables zero-gas cost transactions.

The SKL token is native to Ethereum, but available across multiple chains. The following are the official deployments:

Chain	Address	Notes
Ethereum	https://etherscan.io/address/0x00c83aeCC790e8a4453e5dD3B0B4b3680501a7A7	This is the original deployed token
SKALE Europa	https://elated-tan-skat.explorer.mainnet.skalenodes.com/token/0xE0595a049d02b7674572b0d59cd4880Db60EDC50	ERC-20 bridged in from Ethereum
SKALE Nebula	https://green-giddy-denebola.explorer.mainnet.skalenodes.com/address/0x7F73B66d4e6e67bCdeaF277b9962addcDabBFC4d	ERC-20 bridge in from Europa
SKALE Calypso	https://honorable-steel-rasalhague.explorer.mainnet.skalenodes.com/address/0x4048C4dd6eccF1Dc23b068211fDf20AD19602e50	ERC-20 Bridge in from Europa

Governance

If you hold and delegate SKL tokens you can vote on governance proposals that affect the economic operations of the SKLAE Network. This includes proposals for sChain pricing, network inflation, and more. See the forum post introducing governance for more.

When you vote on a proposal you use your SKL tokens to signal approval or opposition of the active proposal up for vote. The more SKL tokens you have, the more influence you can vote with.

Tokenomics

SKL was created with a max supply of 7,000,000,000 tokens. For the SKL tokenomics chart and issuance schedule, please see the main SKALE website here. For a more in-depth chart on how the SKL supply changes over time and to see what is minted, you can see the SKL Supply UI.