Skate Chain (SKATE)

Skate is an infrastructure layer that allows users to effortlessly interact with dApps from multiple VMs on their native chains by connecting them to various smart contract execution environments  (EVM, TONVM, SolanaVM). Skate Protocol offers users applications that operate within their preferred environments and the ability to create VM-agnostic dApps for developers.

Skate’s infrastructure is structured around three core layers:

• Skate’s Hub Chain: Serves as the central hub, managing all logic processing and maintaining the application state.
• Preconfirmation AVS: Deployed on EigenLayer, this AVS enables the secure delegation of restaked ETH to Skate’s Executor Network. It acts as the primary source of truth, ensuring Executors perform the necessary actions on destination chains.
• Executor Network: A system of executors responsible for carrying out predefined actions for each application, with each application having its own dedicated set of executors.

As the hub chain, Skate oversees and updates the shared state while issuing directives to connected peripheral chains, which only respond to all data provided by Skate.

🤑 Skate Chain plans to launch its native token of the platform - $SKATE that can be staked by users to enhance network security and aligned validator incentives. Moreover, $SKATE holders can participate in platform governance.

The platform currently running a Skate Airdrop program via its own “Skatepark” and Telegram mini App. Users can get Ollies (platform points) by doing activities:

• Activity Interacting with a suite of Skate cross-chain apps and experiencing a transformed user experience;
• Community Engaging with our community and joining the latest events;
• Defi Participating in SkateFi campaigns;
• Referring friends to join Skatepark.
  
   

The CoinLaunch team analyzed Skate Crypto and identified some pros and cons to consider before participating in the project airdrop and future token sales: 

✅ Skate Chain pros: 

• Confirmed Airdrop;
• Interesting product concept;
• Low FDV ($80M);
• Good Growth Marketing and PR Performance;
• Above-the-average SMM; 
• A lot of AMA sessions with a team;
• Has a reputable Tier 1 partner (EigenLayer);
• The project has a reputable Tier 1 backer (HashKey Capital);
• The executive team has a Tier 1 company (Samsung) background.

📛 Skate Chain cons: 

• No public tokenomics and vesting information;
• No public Security Audits;
• Below-the-average SEO;
• Bad Marketing Infrastructure and Influencer Marketing.