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Saakuru Protocol Stock

Saakuru Protocol

SKR

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Saakuru Protocol Whitepaper

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Saakuru Protocol FAQ

{ "q": "about", "a": "Saakuru is a consumer-focused Layer 2 protocol with zero transaction fees, based on the OP Stack, designed to provide a seamless experience for any application. Utilizing the Saakuru Protocol in conjunction with the Saakuru Developer Suite allows any product to integrate Web3 features in just one day. This powerful and developer-friendly suite facilitates a cost-effective and smooth transition from Web2 to Web3.\n\nThe Saakuru Protocol is now operational and handles over 1.4 million transactions per week*, placing it among the top 20 public blockchains by weekly transactions just nine months after its network launch. The rapid growth in transactions is primarily due to its gasless operation and extremely fast block times. Additionally, Saakuru Labs has introduced its Developer Suite, which includes a comprehensive array of highly interoperable modules such as the Mobile Wallet SDK, NFT management platform, Blockchain Data API, and Gamification API. These tools enable products to incorporate essential Web3 modules directly, significantly reducing costs and speeding up any go-to-market strategy.\n\nThe Saakuru token serves multiple functions (utility and governance) within the Saakuru Protocol and is distinguished by its innovative burning mechanism, which systematically decreases supply through transaction fees, developer profits, and governance actions. Its demand is bolstered by a unique credit system that maintains a gasless blockchain environment, allowing developers to stake SKR tokens to lower operational costs. This framework encourages active participation in the ecosystem, ensuring the token's utility while promoting sustainable growth.", "rank": "0" }

What significant events have occurred for Saakuru Protocol?

Saakuru Protocol (SKR) has achieved notable advancements in the blockchain and cryptocurrency sector. As a consumer-focused Layer 2 protocol with zero transaction fees, it is built on the OP Stack to facilitate a seamless experience for any application. The protocol's launch was a significant milestone, rapidly gaining momentum with over 1.4 million transactions per week, ranking it among the top 20 public blockchains by transaction volume just nine months after its network debut. An early achievement for Saakuru Protocol was the introduction of its Developer Suite. This comprehensive toolset includes modules for mobile wallets, NFT management, blockchain data APIs, and gamification APIs. These tools enable developers to seamlessly integrate Web3 capabilities into their products, effectively reducing both cost and time to market. The Developer Suite's launch highlighted Saakuru's dedication to enabling a smooth transition from Web2 to Web3. Saakuru Labs expanded its ecosystem further with the launch of an all-in-one crypto app. This app acts as a gateway for users to engage with the Saakuru Protocol, offering features that appeal to both novice and experienced users. The app's launch was a strategic decision to boost user engagement and broaden the protocol's adoption. The protocol's innovative approach to handling transaction fees and governance is another crucial aspect. The SKR token utilizes a unique burning mechanism that decreases supply through transaction fees, developer earnings, and governance actions. This mechanism not only maintains a gas-less blockchain environment but also incentivizes developers to stake SKR tokens, thus reducing operational costs and encouraging active participation within the ecosystem. Saakuru Protocol's roadmap is another focal point, detailing future developments and enhancements. The roadmap includes plans for expanding the protocol's capabilities, establishing new partnerships, and introducing additional features to the Developer Suite. This forward-thinking strategy has attracted attention from clients, partners, and investors, further strengthening Saakuru's standing in the blockchain industry. The introduction of a grant program and open job positions has also been a major development. These initiatives aim to attract talent and drive innovation within the Saakuru ecosystem, ensuring ongoing growth and improvement. The grant program, in particular, is designed to support projects that align with Saakuru's vision, encouraging developers to build on the protocol and contribute to its evolution. Saakuru Protocol's ability to process over 1.4 million transactions per week is a testament to its scalability and efficiency. This rapid transaction growth is primarily fueled by its gas-less nature and swift block times, making it attractive to developers and users alike. The protocol's performance metrics have positioned it as a strong contender in the blockchain space, demonstrating its capability to handle high transaction volumes without compromising speed or cost. The launch of Saakuru Protocol and its subsequent developments have established it as a promising project in the cryptocurrency landscape. Its consumer-focused approach, zero transaction fees, and comprehensive Developer Suite make it an appealing choice for developers seeking to incorporate Web3 capabilities into their applications. The protocol's innovative tokenomics, strategic roadmap, and commitment to cultivating a dynamic ecosystem further underscore its potential for sustainable growth and widespread adoption.

Who are the founders of Saakuru Protocol?

Saakuru Protocol (SKR) is a consumer-focused Layer 2 protocol featuring zero transaction fees, aimed at delivering a seamless experience for any application. The innovative blockchain solution was developed by Jack Vinijtrongjit, Nelly Sutjiadi, and Marius Šilenskis. Their efforts are bolstered by partners and advisors including Gorkem Bereket, Ivan on Tech, Marcus "Revenant" Tan, Jaap Harmsma, Nick Leong, and Ludi Zhang. Jack Vinijtrongjit plays a pivotal role, bringing a wealth of experience in blockchain technology, while Nelly Sutjiadi and Marius Šilenskis add their expertise in software development and strategic planning.

Investors interested in Saakuru Protocol are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.