coindesk.com
Solana Mobile has begun distributing its long-awaited SKR token, marking a key step in the company’s push to tie crypto incentives directly to mobile hardware adoption.
The airdrop, which went live Tuesday evening at 9:00 pm ET, is part of the broader launch to underpin the Seeker smartphone ecosystem, Solana Mobile’s second-generation Web3 device platform. This follows months of buildup around Seeker, which has been pitched as a more mature successor to its first Web3 phone, the Saga.
The SKR token has a fixed total supply of 10 billion, with distribution going toward users and ecosystem growth.
Under the token’s allocation plan, 30% of the supply is earmarked for airdrops, including the initial distribution to eligible Seeker users and developers. Another 25% is reserved for growth initiatives and partnerships, while 10% will support liquidity and launch activities. A 10% community treasury is intended to fund future ecosystem proposals, with the remaining supply split between Solana Mobile (15%) and Solana Labs (10%).
Eligibility for the initial airdrop was determined by a snapshot of onchain activity tied to the Seeker device and its applications.
The token will play a central role in governance and staking, allowing holders to delegate tokens to help secure and scale the mobile ecosystem. Those who stake SKR can earn rewards and participate in decisions affecting the Seeker platform, including economic parameters and ecosystem initiatives.
To support this model, SKR will operate with a linear inflation schedule, which they claim will incentivize early participation. Inflation begins at 10% in the first year, then decays by 25% annually until reaching a terminal rate of 2%, where issuance is expected to stabilize.
Read more: Solana Mobile sets Jan. 21 launch date for SKR token, confirms airdrop