Well-known cryptocurrency exchanges Huobi and Binance have just announced they intend to add support for the SKALE Network (SKL) token.
Binance will launch trading with the SKL/BTC, SKL/BUSD and SKL/USDT pairs on December 1 at 01:00 UTC, while Huobi will also add support for SKL/USDT, SKL/BTC and SKL/ETH trading on December 1. However, it is still unknown the exact time when the service will be available on Huobi, as the platform has only announced users will be able to trade these pairs once sufficient deposits have been received. The start date for trading coincides with the first unlocking of the SKL token.
In September, the SKALE team raised a total of $5M through a token sale organized by the Activate platform of the Ethereum study ConsenSys. The investors were ready to make a $57M investment, however, the project was unable to accept more than the designated amount due to regulatory restrictions in force in Liechtenstein, where the token's developer, NODE Foundation, is based.
SKALE is a network capable of processing thousands of transactions per second with low fees. It is compatible with Ethereum and will help reduce its workload.
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