Solana Mobile’s Long-Awaited SKR Token Goes Live
Solana Mobile has lastly launched the much-anticipated SKR, the native token of its Seeker smartphone ecosystem. The distribution went reside on Tuesday at 9:00 pm ET.
It permits eligible Seeker customers to assert and optionally stake their allocations via the Seed Vault Wallet’s Activity Tracking tab, with a small SOL stability required to finish the transaction.
SKR Arrives on Solana
Users have a 90-day window to assert, after which unclaimed tokens will probably be returned to the airdrop pool following April 20. Developers who shipped qualifying functions to the Solana dApp Store throughout Seeker Season 1 are additionally eligible to assert allocations through the Publishing Portal.
The announcement learn,
“Seeker and SKR are a wager that there’s one other means for cell: that the individuals who use the community ought to personal the community. Today, over 100,000 of you may declare your stake in that future.”
SKR is issued as an SPL token on Solana and helps Seeker, Solana Mobile’s second-generation Web3 system platform, which is positioned as a successor to the sooner Saga cellphone.
Tokenomics
The token has a set complete provide of 10 billion. 30% have been allotted to airdrops for customers and builders, 25% put aside for ecosystem development and partnerships, and 10% reserved for liquidity and launch-related wants.
An additional 10% is designated for a neighborhood treasury, whereas Solana Mobile and Solana Labs obtain 15% and 10%, respectively. Solana Mobile decided which customers would obtain SKR based mostly on verified exercise recorded from their Seeker gadgets and apps.
SKR is designed to help governance and staking inside the ecosystem. It will allow holders to delegate tokens, earn rewards, and take part in selections associated to platform economics and initiatives. The token’s official web site revealed that it employs a linear inflation mannequin, beginning at 10% within the first 12 months and declining yearly by 25% till stabilizing at a terminal fee of two%, as Seeker Season 2 begins with expanded apps, rewards, and exercise monitoring.
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