Solana Mobile has finally launched the much-anticipated SKR, the native token of its Seeker smartphone ecosystem. The distribution went live on Tuesday at 9:00 pm ET.
It allows eligible Seeker users to claim and optionally stake their allocations through the Seed Vault Wallet’s Activity Tracking tab, with a small SOL balance required to complete the transaction.
SKR Arrives on Solana
Users have a 90-day window to claim, after which unclaimed tokens will be returned to the airdrop pool following April 20. Developers who shipped qualifying applications to the Solana dApp Store during Seeker Season 1 are also eligible to claim allocations via the Publishing Portal.
The announcement read,
“Seeker and SKR are a bet that there’s another way for mobile: that the people who use the network should own the network. Today, over 100,000 of you can claim your stake in that future.”
SKR is issued as an SPL token on Solana and supports Seeker, Solana Mobile’s second-generation Web3 device platform, which is positioned as a successor to the earlier Saga phone.
Tokenomics
The token has a fixed total supply of 10 billion. 30% have been allocated to airdrops for users and developers, 25% set aside for ecosystem growth and partnerships, and 10% reserved for liquidity and launch-related needs.
A further 10% is designated for a community treasury, while Solana Mobile and Solana Labs receive 15% and 10%, respectively. Solana Mobile determined which users would receive SKR based on verified activity recorded from their Seeker devices and apps.
SKR is designed to support governance and staking within the ecosystem. It will enable holders to delegate tokens, earn rewards, and participate in decisions related to platform economics and initiatives. The token’s official website revealed that it employs a linear inflation model, starting at 10% in the first year and declining annually by 25% until stabilizing at a terminal rate of 2%, as Seeker Season 2 begins with expanded apps, rewards, and activity tracking.
The post Solana Mobile’s Long-Awaited SKR Token Goes Live appeared first on CryptoPotato.
Source: https://cryptopotato.com/solana-mobiles-long-awaited-skr-token-goes-live/
