What Is Scaleton (SCALE):

A Complete Guide on SCALE Token on TON

How to Buy Scaleton (SCALE)

Scaleton (SCALE) is the native token of DeDust.io, a decentralized exchange on The Open Network (TON). The token is designed to support independent developers and power the Scaleton ecosystem. To purchase SCALE, you must first acquire Toncoin (TON) on a supported platform using a credit card or bank transfer. After purchasing, transfer the TON to a compatible wallet, such as Tonkeeper, and connect it to the DeDust.io exchange to swap TON for SCALE.

What Is Scaleton (SCALE)?

Scaleton (SCALE) is the utility token for the DeDust.io decentralized exchange, which operates on the TON blockchain. The project aims to support independent developers with user-friendly tools for building products on The Open Network, while also rewarding its users.

A key part of the ecosystem is Scaleton University, an educational initiative offering resources on DeFi and dApp development on TON, covering topics like Auto-Routing and SDK integration. Scaleton is closely integrated with the DeDust DEX and the Tonkite developer toolkit.

Scaleton (SCALE) Overview

Key metrics for the SCALE token as of mid-2024 included a price of approximately $2.17 and a market capitalization of $5.9 million. The token's total supply is around 16.7 million SCALE, with 2.71 million in circulation. Its daily trading volume was about $35,000. The token reached an all-time high of $8.16 and a record low of $0.02261.

Scaleton Ecosystem

The Scaleton ecosystem consists of three core projects: DeDust, Scaleton Explorer, and Tonkite. The team focuses on continually improving the ecosystem's features and developing new products.

DeDust DEX

DeDust.io is a prominent Automated Market Maker (AMM) decentralized exchange on the TON blockchain. It offers high liquidity and trading volumes, allowing users to swap tokens directly. The exchange uses the upgraded DeDust Protocol 2.0, which ensures low fees and a smooth user experience while rewarding liquidity providers with SCALE tokens. As of mid-2024, the protocol held over $34 million in total value locked (TVL).

Scaleton Explorer

Scaleton Explorer is the first multi-token explorer for the TON blockchain. It serves as an essential tool for users, enabling them to track transactions, view on-chain data, and analyze network activity.

Tonkite

Tonkite is a developer toolkit for building applications on TON. It provides a software development kit (SDK) and other resources to help developers integrate decentralized features into their Web3 projects.

SCALE Tokenomics

SCALE has a maximum supply capped at 21 million tokens. Over 4.3 million tokens have been permanently burned, reducing the effective total supply to approximately 16.7 million. Key allocations include 25% to the Ecosystem Fund for grants and project acquisitions, 20% to the Core Team for rewards and staking incentives, 5.83% for product development on Scaleton and DeDust.io, and 2.61% for marketing initiatives.

SCALE Staking

SCALE staking was introduced on May 2, 2024, with rewards funded by fees from the DeDust.io exchange. While 80% of platform fees are distributed to liquidity providers, the remaining 20% are converted to SCALE and given to stakers. As of mid-2024, stakers earned a variable annual percentage yield (APY) of approximately 30%, with over 2.1 million SCALE tokens staked since the feature's launch.

How to Stake SCALE

1. Obtain a TON-compatible wallet, such as Tonkeeper.
2. Connect your wallet to the DeDust.io platform.
3. Select the amount of SCALE you wish to stake and confirm the transaction to start earning rewards.

Conclusion

Scaleton (SCALE) is a key project within The Open Network ecosystem, dedicated to supporting developers with tools and educational resources. Through its close integration with the DeDust DEX, a clear tokenomics model, and the introduction of staking, SCALE provides tangible utility. With a limited supply and a roadmap focused on expanding its DeFi solutions, the project is positioned for continued growth.

Disclaimer

This content is for informational purposes only and should not be considered investment advice. Before engaging with any cryptocurrency, assess your financial objectives, experience, and risk tolerance. Always conduct your own thorough research on any digital asset or exchange platform.