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Solana Mobile launches SKR airdrop for Seeker owners

Solana Mobile launches SKR airdrop for Seeker owners

Within hours the token jumped about 85%

On 21 January, Solana Mobile launched the SKR token and an airdrop for owners of the Seeker smartphone.

The initial price was $0.006. At the time of writing the asset trades at $0.012, up 84.8%.

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Hourly SKR/USDT chart on MEXC. Source: TradingView.

Market capitalisation reached $70.2m, with trading volume above $18.7m.

More than 100,000 users are eligible to claim the SKR airdrop.

Seeker owners can claim free coins via the phone’s built-in wallet within 90 days. Unclaimed tokens will return to the general pool.

Solana Mobile allocated 30% of the total SKR issuance — 10bn coins — to rewards.

Developers recommended staking the received tokens. The incentive mechanism relies on regular issuance every 48 hours.

Tokenomics follow a linear decline in inflation to stimulate and reward early participants in the ecosystem. The initial annual rate is 10%. Each year this figure will fall by 25% from the previous level until it reaches 2%.

The SKR launch coincided with the start of Seeker’s second season, featuring a refreshed app catalogue, a rewards system, early access to products and a focus on DeFi, gaming, payments, trading and DePIN.

Reaction to the airdrop

Opinion on the SKR distribution was split. Users who received several thousand dollars were pleased with the payout.

“I just used the phone without expecting anything in return. The very idea of using a phone created specifically for cryptocurrencies with an emphasis on security already seemed to me sufficient reward. Getting $10,000 as an airdrop is a real gift,” wrote a user under the nickname Moontime.

Others were happy with smaller rewards such as $77.

Some users were unhappy — a community member under the pseudonym Bouncy called the airdrop “the most disappointing” in his 11 years of interacting with crypto projects.

A similar view was expressed by a user nicknamed Oiiaoiia, who received $50 in the distribution.

“You buy a phone, get it a year and a half later, they ask you for another $50 for shipping. And then, as a reward for all the suffering, they credit you $50, while the founder of Solana hypes it as Zcash,” wrote the user.

In mid-December, the Solana Foundation entered into a partnership with Project Eleven to prepare the network for a potential threat from quantum computers.

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