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Solana Mobile Announces Launch Date for Native Token SKR

Solana Mobile Reveals SKR Token Launch Date

Ledger team found an unfixable vulnerability in Seeker smartphone chip

Solana Mobile has announced the release of its native token, SKR, for the mobile ecosystem in January 2026. 

The total supply will be 10 billion tokens. Of these, 30% (3 billion SKR) are allocated for an airdrop. The distribution of the remaining assets is as follows: 

  • 25% (2.5 billion SKR) — ecosystem growth and partnerships;
  • 10% (1 billion SKR) — liquidity and launch;
  • 10% (1 billion SKR) — community treasury;
  • 15% (1.5 billion SKR) — Solana Mobile team;
  • 10% (1 billion SKR) — parent company Solana Labs. 

The issuance of SKR involves linear inflation to incentivize early stakers. The full tokenomics model and distribution details will be revealed at the Solana Breakpoint conference, which will take place from December 11 to 13.

image
Source: X. 

The Role of SKR in Ecosystem Development

Initially, the main innovation of Solana Mobile was not the Seeker phone, but its decentralized application store (Dapp Store) with over 100 projects on Solana. The goal was to create a full-fledged ecosystem rather than just a “money-making device,” as was the case with the first model — Saga.

The SKR token is expected to become the primary tool for stimulating the growth of the Solana dApp Store.

Simultaneously, the company introduced the concept of “Guardians” — participants responsible for security and trust within the ecosystem. The announcement states that SKR will be a key element of this system:

  • users will be able to stake their SKR with selected Guardians, receiving rewards in return;
  • Guardians are to verify device authenticity, moderate applications in the Solana Mobile Dapp Store, and uphold community standards;
  • Solana Mobile will be the first Guardian. It will later be joined by Helius Labs, Double Zero, and Triton One.
image
Source: X. 

Vulnerability in Solana Smartphones

The Ledger team discovered an unfixable vulnerability in the Seeker smartphone chip — MediaTek Dimensity 7300 (MT6878). This flaw allows attackers to gain full control over the device. 

Security engineers from the company behind the cryptocurrency wallet, Charles Kristen and Leo Benito, tested an attack on the popular processor using electromagnetic pulses. These were applied during the system’s initial boot. As a result, the specialists managed to completely bypass all levels of chip protection. 

image
Setup for electromagnetic attack. Source: Ledger. 

“There is no way to safely store and use your private keys on these devices,” stated Kristen and Benito.

The discovered vulnerability cannot be fixed with a software update or patch. The issue is embedded in the silicon structure of the MT6878. 

The likelihood of a successful attack is low — between 0.1% and 1%. However, according to the specialists, the ability to retry every second means an attacker could gain access to the device in just a few minutes.

“We can generate an attack attempt approximately once per second. This allows us to automatically cycle through rebooting the device, applying the electromagnetic pulse, and, if unsuccessful, immediately repeating the procedure from the start,” explained the engineers. 

In response to the issue, MediaTek stated that the MT6878 was not originally designed to protect against such attacks. Threats using electromagnetic pulses are “beyond the design requirements” of this component, company representatives noted. 

Back in November 2023, CertiK analysts identified a critical vulnerability in the Saga smartphone.

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