In September 2020 NODE Anstalt successfully completed the first Initial Public Token Offering for the SKALE Token (SKL) in full compliance with the new regulations of the Liechtenstein Blockchain Act (TVTG) and over 4’600 subscribers from 90 countries in the world acquired SKL Tokens.
In the time thereafter the SKL Token was listed on all major Exchanges of the world such as Binance, Coinbase, Coinbase Pro, Gemeni, Huobi, KuCoin, Coinlist Pro, FTX, Uniswap, Bitstamp, DigiFinex, BKEX etc.
The Team of SKALE continued the development of the SKALE Network as an Ethereum native multichain network that has no Gas Fees and runs 1000x faster than Ethereum. As a result of the relentless work of the last year, SKALE is about to soon launch the V2 of the network.
As of end of March the Market Cap of the SKALE Token exceeded the USD 1 billion mark with already 50% of the Maximum Supply circulating. By reaching this Milestone SKALE has become one of the most successful Blockchain Projects in Liechtenstein and now ranks in the top 100 Blockchain projects worldwide.
“We are extremely pleased about the development of the SKALE Network and the broad support and interest we are seeing globally. The goal of the SKALE Network is to bring the value of blockchain functionality to billions of people. We appreciate the support of Niedmüller Attorneys at Law, Sercor, and the country of Liechtenstein.” noted Jack O’Holleran the CEO of SKALE Labs and Director of NODE Anstalt.
The Team of Niedermüller Attorneys congratulates the entire Team of SKALE Network to this Milestone and is looking forward to further support them to reach their further aims.