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