- Solana Mobile completed Seeker Season 1 with 265 dApps, 9 million transactions, and $2.6 billion in volume.
- The company confirmed SKR will launch on January 21 with a fixed supply of 10 billion tokens.
- 20% of SKR has been set aside for an airdrop to eligible users and developers.
Solana Mobile has announced that it has concluded the first season of its Seeker program, closing an initial chapter of its mobile-focused Web3 strategy as it prepares to launch its long-awaited SKR token later this month.
The company said Seeker Season 1 attracted more than 265 decentralized applications, processed around 9 million transactions, and generated roughly $2.6 billion in on-chain volume, with over 100,000 users participating.
SKR Token Set for January 21
They revealed on Wednesday that SKR will go live on January 21, confirming a timeline first outlined in December. The token will have a fixed total supply of 10 billion SKR, according to the company.
In a post on X, Solana Mobile said it has already taken a snapshot for an upcoming airdrop. About 20% of the total supply has been reserved for eligible users and developers, with further details on allocations and the claim process expected soon.
“SKR launch is targeted for January 21 at 2am UTC (January 20th at 9pm EST). Stay tuned for more about airdrop allocations and the claim process,” the company revealed.
Related: Morgan Stanley Files Ethereum Trust as Crypto ETF Push Gathers Speed
Governance, Incentives and Distribution
Solana Mobile said SKR is designed to serve as the governance and incentive layer for its ecosystem, which centers on the Seeker smartphone and a decentralized app store.
SKR will have a fixed total supply of 10 billion tokens. A large share has been set aside for community participation, including airdrops for users and developers and funding for growth and partnerships.
The remaining supply is split between Solana Mobile, Solana Labs, liquidity needs, and a 10% community treasury, which will be controlled through governance.
Source: SolanaMobile
SKR holders will be able to stake tokens to a delegated group known as “Guardians,” who will participate in securing the platform and shaping governance decisions. Staking and governance features are expected to roll out following the token’s launch.
Saga Smartphone Support Ends
Solana had previously revealed that the support for its first-generation smartphone, Saga, has ended. Saga devices will no longer receive software updates or security patches, and customer support will be limited.
Solana Mobile said this change does not affect Seeker devices, which will continue to receive updates and security support.
Related: Russia’s Digital Ruble Will Undercut Own MIR Card System, Says Freedom Finance Analyst
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
