What is SKALE Network? SKL Token Explained Simply

The SKALE Network is an expandable multichain blockchain network that serves as a secure Ethereum scalability solution. It uses the Ethereum mainnet to manage and orchestrate many critical network operations, thus enhancing overall network security and transparency.

The SKALE Network was the first project to launch a token on Consesys Codefi’s Active platform which is designed to launch decentralised networks and allow customers to purchase, manage and use their token in one application. SKL is the ecosystem token that is meant to incentivize holders by rewarding them for helping improve the scalability and security of the platform by serving as validators. The tokens are traded on exchanges including Coinbase, Binance, KuCoin, Huobi, etc.

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