The SKL token is the native token of the SKALE Network which is a hybrid token allowing holders to work as validators within the network, to access the network’s resources and to stake as a delegator.
These validators are rewarded in SKL tokens for securing the network by running nodes, validating blocks and carrying out smart contracts. As well as being used as a reward base, these tokens can be used for staking and governance and by developers wanting to buy a subscription allowing them to access the S-chains.