What is Skrumble Network (SKM)

With no middle entity or centralized server host in between to censor, block or manipulate any data, Skrumble Network will enable open, global private communication and transactions that are community owned and operated.

The Skrumble Blockchain is a P2P network structure, in which nodes can communicate with each other through a hashed messaging protocol. In this structure, there are two different types of nodes: peer nodes and validating nodes. A peer node can broadcast, receive and transfer transactions or blocks, while a validating node can create blocks of data.

Skrumble will use token mechanisms and the foundation’s resources to continually foster numerous communities such as technical communities, college communities, user communities, investment communities, node participant communities, centralized organizations, data source providers etc. The vision of the SN community is to create an inclusive big family who shares the vision and passion of growing the Skrumble Network.

Skrumble Network’s unique security protocols will be delivered through a proprietary key derivative algorithm using the Skrumble Network blockchain.

SKM is a utility token that will offer a certain class of membership based on the number of tokens owned. These membership privileges will enable access to various features and actions on the Skrumble Network ecosystem. Initial usage will be free, and the token will serve as means of access to unlock premium features, membership levels or utilize various extra functionalities.

Details

Public sales: May 05, 2018 – May 07, 2018
Hard cap: 15,048,000 USD(fiat)
Raised: 16,472,800 USD

Legal

Blockchain Platform: Ethereum

Token info

Ticker: SKM
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 SKM = 0.05 USD
Accepted currencies: ETH
Token distribution:
26% – private + public
15% – team
29% – foundation
15​​​​​​​% – community building
10% – ​​​​​​​advisors
5%​​​​​​​ – angel investors