Skate will launch the token SKATE, with an initial community allocation of 12% of the total SKATE supply

According to Foresight News, Skate, a chain aimed at connecting all VMs, announced the launch of its token SKATE. Skate enables a single application to run seamlessly on blockchains such as Solana, Ethereum, Eclipse, Movement, Sui Network, etc. SKATE will provide support for the engine that connects all virtual machines. The initial community allocation of tokens accounts for 12% of the total supply of SKATE. The first reward snapshot was completed today, and 1% of the SKATE supply will be allocated to yappers players on the KaitoAI leaderboard.