How can you stake SKL?
Do u really wanna stake something what is - 99% from ATH and all metrics show us that is rapidly falling? But I am guess that @Fabio will write me how is everything perfect how burn mechanism work how Skale working with 100000 projects behind the door. Of course. Project going down from day 1,
Your skepticism regarding the price and recent metric trends is completely understandable. However, characterizing a project that has amassed over 1.3 billion transactions and saved $2.2 billion in gas fees as being in âdecline since day oneâ strikes me as an incomplete assessment. Metrics fluctuate with the market, but the infrastructure and cumulative adoption remain among the highest of any scaling solution.
Even though monthly activity has dipped recently, the network still averages millions of monthly transactions with zero gas costs for the end user. No network in actual decline maintains a cumulative total of 174 million generated blocks and an ecosystem capable of saving billions in gas fees. @Fabio isnât selling hype; he simply recognizes the structural value of a functioning network, looking beyond day-to-day financial speculation.
Best regards.
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Exactly, âamassedââand thatâs the problem. If they havenât been capable of capturing massive LTV (Lifetime Value) into the project for years, then thatâs a failure, and it doesnât matter how many transactions they process every day. Also, if they are working behind closed doors, we should see actual metrics going higher, not lower. I donât even remember the last time they announced a massive partnership. So yes, for me, itâs a brutal failure. And Iâm not even counting the 7B supply, which is literally suicide. This project can only rise if they process billions in daily transactions and burn 60% of the supplyânot with whatâs happening now. Liquidity is another part of the story. No big investor will invest in a project that has lost 99% of its valuation and has a market cap of around 20â30 million USD. Thatâs the reality check. And also u can see that Skale jump these days couple of % but it took almost 100 mio USD volume and no new zero USD cent into TVL so just bots crated âfakeâ liquidity and pumped price. Itâs disaster whole tokenomics no one wants locked money into it. Question is why? No one believe it and even validators dont want staking money there so itâs easy. If they dont fix it it will be only pump and dump project and in couple of years will goes to zero⌠if they will fix it it cant be huge