Skale (SKL)
Unlock Schedule
Skale (SKL) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Skale (SKL) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence SKL price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
SKL is an ERC‑777 utility token deployed on Ethereum and recognized by standard ERC‑20‑compatible wallets and tooling. It is not used as gas on SKALE Chains; sFUEL serves that role. Instead, SKL coordinates economic incentives and access to network resources. (docs.skale.space)
Core functions of SKL include:
- Staking and delegation: Validators bond SKL to operate nodes, and token holders can delegate to validators. Rewards are distributed monthly based on validator performance, network inflation, and fees paid by chain owners. Delegations operate on calendar‑month epochs with auto‑renew options. (skale.space)
- Chain payments: Developers rent SKALE Chains by paying in SKL, following a subscription‑style model that converts variable per‑tx gas into predictable monthly costs. (skale.space)
- Governance: The SKALE DAO coordinates upgrades and parameters. Holders who are actively delegated can participate in governance processes. The network’s smart contracts and key administrative processes are controlled by decentralized multisig arrangements spanning many organizations. (docs.skale.space)
On the distribution side, SKALE’s documentation and public materials highlight a long‑term reward allocation to stakers (commonly referenced as one‑third of supply) alongside allocations to contributors, the foundation, and ecosystem growth. Details vary by document and vintage, but the overarching design channels emissions and fees to the validator and delegator community while reserving resources for development and grants. (skale.space)
Assumptions
- Validator rewards schedule beyond Year 1 modeled with annual step-downs for Years 2–6, then 3-year halving periods, and a terminal tail to reconcile to 2.31B by 2055-10-31.
Docs specify 9.3% Year 1, step-down each of first six years, then halving every 3 years; exact annual rates not published.
- Private Round (R2) token amount set as residual of Early Supporters + Public after subtracting confirmed R1, R3, and Public Sale amounts.
Official materials provide total Delegator Allocation and specific R1, R3, and Public Sale details; exact final R2 percent varies in pre-launch ranges.
- Protocol Development Fund and Ecosystem Fund release modeled as linear 2021-01-01 to 2027-12-31.
Official blog discloses absolute amounts but not vesting cadence; tokens used slowly over time for development and ecosystem; modeled evenly for charting.
- Core Team Pool sub-split treats '<2%' on 3-year schedule as exactly 2% (5.6M) and the remainder on a 4-year schedule.
Docs indicate 'majority 4-year' and '<2% 3-year'; exact sub-split not specified.
- Cliff dates aligned to end-of-month for vesting events (months 9/12/15/24/etc.)
Docs reference months post-launch; specific day-of-month not always specified.
- Genesis date set to Phase 2 (2020-10-31) as lock schedules commence at Phase 2; Foundation initial mint at Phase 1 (2020-06-30).
Official posts define Phase 1 and Phase 2 timing and when locks commence.
- 1. https://skale.space/tokenomics
- 2. https://skale.space/blog/validator-economics
- 3. https://skale.space/blog/foundation-treasury-ecosystem-fund-and-protocol-development-fund-update
- 4. https://skale.space/blog/skale-activate-purchase-faq
- 5. https://skale.space/blog/mainnet-launching-june-30th
- 6. https://docs.skale.space/how-skale-works/skl-token/
Allocations
Description
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Skale is a blockchain network designed to offer high-speed, secure, and cost-effective transactions and decentralized applications (dApps) execution. It enhances Ethereum's capabilities by providing scalable sidechains that drastically improve transaction capacity and speed while maintaining security.
| Sector: | Layer 1 |
| Blockchain: | Other L1 |