Ethereum's elastic side chain SKALE will be auctioned in the Netherlands at zero o 'clock on August 18, providing 125 million SKLS for public offering

Rhythm BlockBeats news, according to the scrip publishing platform, according to Activate the elastic block chain network SKALE (SKL) will at 12:00 PM eastern time on August 17th (Beijing time on August 18, zero) start the tokens, public offering, the sales will adopt the Netherlands pattern, the Dutch auction is based on the demand, this means that once A) satisfy demand for the supply of available tokens (that is, the auction tokens, sold out) or B) 3 days of the auction period expires, the auction will be ended.

Auction duration: 3 days (Beijing Time on August 18, 00:00)

Auction prices for tokens: $0.0169 - $0.0350

Total scrip available for auction: 125 million SKL (3% of total scrip)

Total initial issuance: 4.14 billion tokens, expected to release 9.3% per year.

The SKALE network is specifically designed to improve the dApps user experience, helping to increase speed, significantly reduce costs, and create seamless workflows for end users and developers. SKALE USES proof-of-use, a new built-in activation mechanism that asks users to pledge their tokens to help secure and extend the protocol.Users will need to mortgage for 90 days and pledge at least 50% of the proceeds from the auctionCan then be transferred, in order to prevent speculation.

Developers can leverage their own SKALE chains to achieve Internet-like speeds without sacrificing computing, storage, and security. Because SKALE is evM-compatible, dApp developers can easily integrate their existing Ethereum smart contract with SKALE.SKL tokens are an important part of the network infrastructure. Users can use the activation platform to pledge SKL tokens and start earning online rewards.

As Rhythm previously reported, Skale  NBSP; The main Network was launched on June 30. But according to the official, the main network will be fully activated in three stages. The first stage will be launched on June 30, during which there will be no transfers or issues. In the second phase, its scrip will open a 3-day Dutch auction on The Knowledgesys Activate platform that can Staking but still has no liquidity; In the third stage, all ecology is officially opened.

Activate platform Address:https://activate.codefi.network/skale-network-launch-partner

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