Hello! Have been reading and searching for answers in this

Question

Hello! Have been reading and searching for answers in this

Telegram group but need to confirm and have a few questions!
1. From my understanding users must bridge to Skale chains! Is there a different bridge from ETH to each Skale chain?
2. Users dont pay fees in SKL on Skale chains but instead the DApp developers pay them?
3. What is the use case of SKL token on ETH?

#cryptocurrency #english #skale

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27.06.2022

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Marcos Hash - Truth Ventures Sanchez · Accepted Answer

1. Yes each SKALE chain had its own bridge to ethereum, but as a consumer you don’t do much as the dApp developer configures the bridge for its users to use. Also SKALE chain to SKALE chain bridges exist and there is no fee or gas for using them. 2. Developers pay for the chain just like in the web2 world app devs pay for AWS or google cloud to run compute and do file storage etc. 3. The token is a utility token and has 4 use cases. The SKALE token (SKL) is a hybrid use token which represents the right to work in the network as a validator, stake as a delegator, or access a share of its resources by deploying and renting a SKALE Chain for a period of time as a developer. Users pay SKALE in a subscription-based model to rent these resources (computation, storage, bandwidth) for a predetermined amount of time in the form of a SKALE chain. Validators stake SKL into the network and then gain the right to run nodes and earn both fees and tokens via inflation. Delegators may delegate their tokens to validators and earn rewards.

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