The first public offering of Skale has been completed, and the second round will begin at 0:00 on 12 September

BlockBeats: On September 7, members of elastic blockchain network Skale announced in their community that the first round of SKL token public offering has ended and detailed statistics will be released soon. The authorities have announced that SKL token distribution will begin on September 21 from Activate platform. If there are any tokens left after the first public offering, they will be distributed to a small number of eligible large buyers who have undergone a more stringent KYC. They were sold at the same price as the first public offering.

Users who participate in the first round of token purchase need to submit application for entrustment/pledge before September 28. The calculation time of entrustment/pledge will start from October 1. Users need to mortgage at least 50% of the token within 60 days to meet the requirements of Proof of Use. Tokens can be submitted to commissions through the "Knowledgesys Activate platform". The lockers will be locked for 60 days, starting from October 1, and the tokens will be unlocked on December 1.

The second round of public offering will begin at 12 p.m. Eastern Time on September 10 and end at 12 p.m. Eastern Time on September 11. But the last registration date was August 17, and registration is now closed.

According to a previous report by The Legal Register, the details of the Skale scrip sales arrangement show that Skale will start its first round of scrip sales on September 4, with a unit price of $0.03 and a maximum purchase limit of $1,153 per person.

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