What is SKL and Why Consider Staking SKALE Tokens?

SKL is the native token of the SKALE Network, designed to power a scalable blockchain ecosystem.

As SKALE is an Ethereum-compatible network, dApps can scale without compromising on computation, storage and security. SKL is its native token which has a max supply of 7 billion.

The SKALE token serve multiple purposes including:

• Network governance — SKL tokens are used for on-chain voting to control economic parameters and governance decisions within the network

• Payment for chain subscription fees — Developers use SKL tokens to pay for subscriptions to create and maintain elastic sidechains on the SKALE Network

• Staking to secure the network — SKL tokens are staked by validators and delegators to secure the network, validate transactions, and execute smart contracts, with both parties receiving rewards

Benefits of Staking SKL Tokens

1. Earn Regular Rewards

By staking SKALE tokens, you receive monthly rewards based on:

• Your validator's fee structure

• The stake weight of your chosen validator

• The number of nodes your validator runs

• Your validator's overall performance

2. Help Secure & Support the Network

Your decision to stake SKL directly contributes to network security and efficiency. Validators use staked tokens to process transactions and maintain the network's integrity. When you participate in staking SKALE, you help build a stronger ecosystem, promoting long-term network development.

How to Buy SKALE (SKL) Tokens

You can purchase SKL tokens from several reliable exchanges:

• Coinbase - Popular for U.S. users, letting you buy SKL with your bank account, debit card, or wire transfer.

• Revolut - If you're in Singapore, simply top up your Revolut account and select SKALE from their crypto options.

• Kriptomat - A good choice for European users, offering credit card purchases and bank deposits for buying SKL.

• Binance - One of the largest exchanges worldwide, supporting various payment methods including credit cards.

• Gemini - Provides a secure platform with options like wire transfers and debit card purchases.

• Swyftx - For Australian users, you can deposit AUD and then exchange it for SKL.

• Bit2Me - Offers flexible payment options including credit cards, debit cards, and bank transfers.

Make sure to set up your wallet before purchasing so you're ready to start staking your SKL tokens.

How to Stake SKL with Nansen

Nansen offers a streamlined experience for staking SKALE tokens:

1. Go to the Staking Page
   Visit SKALE on Nansen's Staking Hub

2. Connect Your Wallet
   Click 'Stake' button and link your wallet. Nansen currently works wallets for SKALE staking.

3. Choose How Much to Stake
   Enter the amount of SKL you want to stake.

4. Review and Confirm
   Double-check your staking details and approve the transaction. After processing, you're already done.
   

Why Stake SKL on Nansen

Staking SKL with Nansen makes sense for crypto investors of all types; whether you're a complete beginner or sophisticated veteran.

Nansen Staking offers a straightforward experience to put your SKL tokens to work— all the while allowing you to collect Nansen Points retroactively.

In just 4-6 months since acquiring StakewithUs, we have quickly grown to manage over $1 billion in staked assets.

We've already partnered with many leading blockchain networks and plan to add more chains and custodial services soon.