What differentiates the SKALE token from others?

SKL is a utility token with four functions. It’s important to understand that a certain amount of tokens will always be staked and that tokens will be needed to pay for SKALE Chains.
The four main functions:

Security of and staking in the network

  • SKL token holders (delegators) stake their SKL tokens to validators who run nodes that make the SKALE network function by validating blocks, executing smart contracts, and securing the network. They are rewarded with SKL tokens for their efforts.

Payment method for SKALE Chain subscription fees

  • Developers purchase their subscription access to elastic blockchains (S-chains) using SKL tokens.

Rewards for validators and delegators staking their tokens

  • Rewards are accumulated monthly, based on fees paid by developers for chains and monthly inflation of tokens into the network.

Governance and voting

  • SKL tokens will be used for on-chain voting, which will control all economic parameters of the SKALE Network.

More details about the SKALE token can be found here: https://skale.network/token/