SCALESPrice

(SCALES)

The SCALE token is the native cryptocurrency for the Scaleton ecosystem, which operates on the TON blockchain. Its primary utility involves facilitating transactions and supporting independent developers within this ecosystem. SCALE also plays a crucial role in providing rewards to users who participate in and contribute to the Scaleton network. This foundational token enables various functionalities across the platform, driving its economy and incentivizing community engagement.

The SCALE token has a maximum supply capped at 21,000,000 units. Approximately 16.7 million tokens are currently in circulation, following various token burn events. The allocation strategy ensures broad distribution, with 25% designated for an Ecosystem Fund to foster growth, 20% allocated to the Core Team for their foundational work, 5.83% earmarked for ongoing development, and 2.61% dedicated to marketing initiatives. This structure aims to support long-term sustainability and project expansion.

Users can stake their SCALE tokens to participate in the ecosystem's reward mechanism. A significant portion, specifically 20% of the platform's collected fees, is converted into SCALE tokens. These converted tokens are then distributed proportionally among the stakers. This system offers a variable Annual Percentage Yield (APY), providing an incentive for users to lock up their tokens and contribute to the network's stability and security. Staking allows participants to earn passive rewards while supporting the project's economic model.

The SCALES NFT project aims to enhance security for Solana users by protecting them from common threats like wallet drains and scams. It achieves this through a dual approach: providing essential education to empower users with knowledge and offering a unique token utility designed to mitigate the impact of such security incidents. By focusing on awareness and protective mechanisms, the project strives to create a safer environment for digital asset holders, particularly within the Solana ecosystem, despite being built on Ethereum.

The SCALES token within this NFT project offers a distinctive recovery utility. In the event that a user's SCALES NFTs are drained from their wallet due to scams or exploits, they possess the ability to claim back an equivalent amount from the project's Decentralized Autonomous Organization (DAO). This claim is processed on a 1:1 ratio, and it is powered by specific DAO mechanics governing the recovery process. This mechanism acts as a protective layer, offering a potential recourse for users who experience security breaches.

The SCALES NFT project is built on the robust and widely used Ethereum blockchain. Users interested in acquiring these NFTs can do so by minting them. The minting process typically involves using an Ethereum blockchain-compatible wallet, which allows users to interact with the project's smart contracts. While initial minting phases may have specific conditions, participants are generally responsible for covering the transaction fees, commonly known as Gas Fees, associated with operating on the Ethereum network.