Solana Mobile, a company under Solana
The announcement was made on X, where the company confirmed that the SKR token is now live.
Owners of the Seeker phone have 90 days to claim their tokens. After claiming, users can choose to stake SKR through Solana Mobile’s staking feature to earn extra rewards.
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The distribution includes about 2 billion SKR tokens, worth around $26.6 million when announced. It covers more than 100,000 users and 188 developers.
The SKR token is the main token for the Solana Mobile ecosystem. It has a total supply of 10 billion tokens and follows the SPL standard used across the Solana blockchain. Within the platform, SKR is used for both governance and rewards.
Solana Mobile said the goal of SKR is to motivate participation from users, support platform security, and reward both developers and contributors. It also helps users access certain features and services within the Solana Mobile system.
According to the company, users who stake SKR will start earning rewards right away. The process has no commission fees at launch, and inflation events occur every 48 hours.
Solana Mobile said, “Staked SKR starts earning immediately, with inflation events every 48 hours and 0% commission upon launch”.
Meanwhile, The non-fungible token (NFT) martketplace Magic Eden will begin sharing a part of its income with holders of the ME token. What did the company say? Read the full story.
