SKALE added on Coinbase - Is it worth investing?

SKALE added on Coinbase - Is it worth investing?

By PVMihalache | Mind Puzzle | 16 May 2021


Yesterday Coinbase added $SKALE for trading and at Coinbase Earn, giving users the opportunity to earn $3 worth of SKALE! The SKALE Network is created in a modular protocol that allow developers to create Dapps on the configurable blockchains, without compromising on computation, storage, or security. The SKALE Web3 cloud allow any application to deploy personal blockchains. 

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SKALE supports thousands of fast blockchains, including blockchain games, content streaming services, TCR-based platforms, and decentralized Dapps. SKALE (SKL) is the native token, a hybrid used as a validator, staked as a delegator, or to grant access to a share of its resources.

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One of the main attributes of the SKALE network and Web3 cloud is the ability to support file storage, allowing developers to create, deploy or run applications.

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Coinbase account is required to earn SKL thorough Coinbase Earn. The answer to the first question is a) Any Ethereum application can deploy a blockchain with SKALE.

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SKL holders can receive rewards by delegating SKL to a validator.

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The last question of the quiz is about the purpose of SKALE, and the correct answer is that SKALE network was built to support an internet of blockchains. After answering all questions, $3 worth of SKL will be credited into the SKALE wallet.

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The SKALE price last night was $0.51 and an overall analysis indicates that the SKL has plenty of space to grow and gain value. The ATH was at $1.22, while the all-time low was at $0.04 upon launch. 

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The Coinbase Earn reward was added in less than a minute. I now had nearly 6 SKL in my wallet but my gut feeling tells me that this project is versatile and will help the Cryptoverse to become a better, faster and more secure place.

 

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Not financial advice, but I decided to jump on board. With the price at $0.51, I believe that the opportunity to buy at such low prize is unique. I wanted to own 1000 SKL therefore I made the investment. Paying $14.58 is a total rip-off from Coinbase but hopefully this will be covered by the growth of the token.

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PVMihalache
PVMihalache

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