PANews reported on June 5 that according to official news, the general application layer protocol Skate announced the token economics. SKATE is the basic utility and governance token of the Skate protocol, and the initial issuance is fixed at 1 billion, of which 10.00% is allocated to the team, 18.00% to the ecosystem and reserves, 10% to the initial airdrop, and 45.50% to the community.

According to previous news, the universal application layer Skate may conduct TGE on June 9 .