Network Security and Staking: SKL token holders can stake and delegate SKL tokens to validators who run nodes that make the SKALE Network function by validating blocks, executing smart contracts, and securing the network.
Payments: developers can purchase subscription access to elastic blockchains (S-chains) using SKL tokens.
Governance: SKL tokens will be used for on-chain voting, which controls all economic parameters of the SKALE Network.
SKALE Network aims to enable developers to run Ethereum applications with high performance and low costs. The project also provides application-specific blockchains, which give each application its own blockchain that can connect seamlessly to the Ethereum Mainnet without sacrificing decentralization or security.