Solana Mobile (SKR) Price Surges as New Token Airdrop Goes Live for Seeker Phone Users

TLDR

• Solana Mobile launched its SKR token airdrop on Tuesday evening at 9:00 pm ET for Seeker phone users and developers
• SKR has a fixed supply of 10 billion tokens with 30% allocated for airdrops to eligible users
• The token enables governance and staking functions within the Solana Mobile ecosystem
• SKR trades at $0.01062, up 54% in the past 24 hours according to Coingecko data
• Over 100,000 users are eligible to claim tokens within a 90-day window

Solana Mobile distributed its SKR token to users on Tuesday evening, launching the airdrop at 9:00 pm ET. The distribution targets owners of the Seeker smartphone and developers who built apps for the platform.

The airdrop represents the first major distribution of SKR tokens. More than 100,000 users qualify to claim their allocation. Recipients have 90 days to claim their tokens through the Seeker phone’s built-in wallet.

Developers who deployed apps to the dApp Store during season 1 also qualify for the airdrop. Unclaimed tokens after the 90-day period will return to the airdrop pool.

SKR serves as the native token for the Solana Mobile ecosystem. The token has a fixed total supply of 10 billion. Distribution splits across multiple categories, with 30% designated for airdrops.

The allocation plan reserves 25% for growth initiatives and partnerships. Another 10% supports liquidity and launch activities. A community treasury receives 10% for future ecosystem proposals. Solana Mobile holds 15% while Solana Labs controls 10%.

Eligibility for the initial distribution came from a snapshot of onchain activity. The snapshot tracked usage tied to the Seeker device and its applications.

Token Utility and Staking

The token enables holders to participate in governance decisions. Users can delegate SKR tokens to help secure the mobile ecosystem. Staking rewards go to participants who lock their tokens.

Stakers can vote on economic parameters and ecosystem initiatives. The staking model aims to encourage early adoption through an inflation schedule.

Inflation starts at 10% in the first year. The rate decreases by 25% each year until reaching a terminal rate of 2%. Inflation events occur every 48 hours.

Price Performance and Market Data

SKR currently trades at $0.01062 according to Coingecko. The token price rose 54% in the past 24 hours. Trading began following the airdrop launch on Tuesday evening.

Device Background

Seeker is Solana Mobile’s second-generation Web3 smartphone. The Android-based device follows the company’s first product, Saga. Seeker ships with blockchain features including Seed Vault key storage and a built-in Solana dApp Store.

Solana Mobile reported 150,000 preorders for Seeker in August. The company ships devices to over 50 countries.

The launch coincides with Seeker’s Season 2 campaign, which started Wednesday. Season 2 includes new apps and rewards across DeFi, gaming, payments, trading, and DePIN categories.

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