Solana Mobile’s highly anticipated SKR token goes live

Searching users will have 90 days to claim SKR before unclaimed tokens return to Solana Mobile’s airdrop pool after the April deadline.

Solana Mobile has finally launched the long-awaited SKR, the native token of its Seeker smartphone ecosystem. Distribution went live on Tuesday at 9pm ET.

This allows eligible Seeker users to claim and optionally stake their allocations via the Activity Tracking tab of the Seed Vault Wallet, requiring a small SOL balance to complete the transaction.

SKR arrives on Solana

Users will have a 90-day period to claim, after which unclaimed tokens will be returned to the airdrop pool after April 20. Developers who submitted eligible applications to the Solana dApp Store during Seeker Season 1 are also eligible to claim allocations through the Publishing Portal.

The announcement read:

“Seeker and SKR believe there is another way for mobile: that the people who use the network should own the network. Today, more than 100,000 of you can claim your share of 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% is allocated to airdrops for users and developers, 25% is reserved for ecosystem growth and partnerships, and 10% is reserved for liquidity and launch-related needs.

Another 10% is earmarked for community coffers, 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.

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SKR is designed to support governance and staking within the ecosystem. It will allow holders to delegate tokens, earn rewards and participate in decisions related to platform economics and initiatives. The token’s official website revealed that it uses a linear inflation model, starting at 10% in the first year and decreasing by 25% annually until it stabilizes at a terminal rate of 2%, while Seeker Season 2 kicks off with extensive apps, rewards and activity tracking.