The project raised $100M on day one, yet the market cap is now under $18M. TVL is only around $500K and keeps hitting new all-time lows day after day. There is a $7B token supply, no clear buyback strategy, and nobody seems to understand how the burn mechanism actually works. Honestly, nobody knows what is going on.
Meanwhile, SKALE appears to be selling huge amounts of tokens every day. And instead of focusing on how to save the project, the team keeps talking about bullshit and football on Decrypt.
The focus should be on fixing the fundamentals and restoring confidence in the project. If SKALE is going to keep going lower and lower, then please just be honest with the community and explain what the plan is.
From where I’m standing, it looks like more and more capital is being deployed while retail investors are getting destroyed.
Instead of Kladko traveling around the world and, in my view, cashing out, he should be focused on doing the work needed to save the project.
Good evening. I think you ask the Skale team good questions and have a solid foundation, but your approach lets you down. Constantly attacking the project won’t do you—or the project itself—any good.
That said, even though the question is directed at the Skale team, I’ll answer it from my own perspective based on my understanding.
You are conflating basic financial concepts and spreading misinformation with false figures. For starters, that “$100 million” figure refers to structured private venture capital rounds raised over years of development, not a lump sum of free cash handed out all at once.
Secondly, measuring SKALE using traditional TVL metrics shows a lack of understanding regarding its architecture: it isn’t a passive staking exchange, but rather a modular chain infrastructure designed for high-volume, gasless transactions—where true value lies in network usage and operational performance, not in idle funds.
Regarding tokens and burning: you should better inform yourself about the network’s tokenomics and lock-up mechanisms. Burned assets are permanently removed from circulation, creating a lasting adjustment to the supply.
Third, founders giving interviews to outlets like Decrypt isn’t just “shooting the breeze”; it is the public relations and market expansion work essential for any tech infrastructure aiming to position itself against the competition. If you’re going to criticize, at least do so with actual technical data in hand.
What? U have startup and u raised 100 mil USD end of story. My questions is what is result? -99% from ATH? 10x times changed strategy? fake PR? fake narrative? Honestly tell me what they achieved?