Solana Mobile opened the SKR coin, the main network asset of the Seeker smartphone ecosystem, for distribution on Tuesday beginning Wednesday. Distribution allows Seeker users to claim their progress and stake it if they wish. To complete the transaction, it is proceeded through the Activity Tracking tab in the Seed Vault Wallet and a small SOL balance is required. The company highlighted the approach of “those who use the network own the network” with the ownership of more than 100,000 users.
SKR Coin Distribution: Demand, Stake and 90-Day Window
Once the distribution is activated, eligible Seeker users can request the allocated SKR amount by entering the Activity Tracking tab of the Seed Vault Wallet and use the staking option from the same screen. For the transaction to occur, it is required that there be a small amount of SOL coins in the wallet. This requirement serves to cover transaction fees on the network.
There is a 90-day period for vesting. SKRs that are not claimed when the period expires will return to the AirDrop pool after April 20. Solana Mobile stated that it determined its ownership based on activity records verified through Seeker devices and applications.
Distribution is not limited to just users. Developers who publish applications suitable for the Solana dApp Store during Seeker Season 1 can also request SKR allocation via the Publishing Portal. In the statement, it is emphasized that Seeker and SKR are investing in a different model on the mobile side, and that it is aimed for users to have a share in the future of the network.
Altcoin’s Tokenomic Framework
SKR coin was issued as an SPL token on Solana and was built to support Seeker, Solana Mobile’s second-generation Web3 device platform. Seeker is positioned as the continuation of the previous Saga phone. While the total supply is kept constant at 10 billion coins, the allocation distribution aims to carry ecosystem scaling and governance goals together.
According to the sharing plan, 30 percent of the supply is reserved as AirDrop for users and developers. While ecosystem growth and partnerships received a 25 percent share, 10 percent was allocated for liquidity and launch needs. While the community treasury is defined as 10 percent, Solana Mobile has a 15 percent allocation and Solana Labs has a 10 percent allocation.
Governance and staking are at the heart of the design. SKR holders will be able to earn rewards by delegating their coins and participate in decisions regarding the platform economy and initiatives. According to the official site, a linear inflation model will be applied in the altcoin. Starting at 10 percent in the first year, the rate will be reduced by 25 percent each year and finally balanced at the terminal level of 2 percent. It is reported that this framework comes into play with the expanded applications, rewards and activity tracking with Seeker Season 2.
