The post Solana Mobile Launches SKR Token, Kicks Off Next Growth Phase appeared on BitcoinEthereumNews.com. Solana Mobile launches SKR, distributing nearly two The post Solana Mobile Launches SKR Token, Kicks Off Next Growth Phase appeared on BitcoinEthereumNews.com. Solana Mobile launches SKR, distributing nearly two

Solana Mobile Launches SKR Token, Kicks Off Next Growth Phase

  • Solana Mobile launches SKR, distributing nearly two billion tokens to its community.
  • Eligible Seeker users and developers can claim SKR tokens and stake to earn rewards.
  • SKR token supports governance, staking, and incentives across the Solana Mobile ecosystem.

The SKR token is now live, marking a new phase for the Solana Mobile ecosystem as it pushes further into open, onchain mobile development.

The launch follows Seeker Season 1, a testing phase that saw hundreds of decentralised applications go live, millions of transactions processed, and billions of dollars in volume move through the Solana Mobile network. The season was built around the Seeker device and its native dApp Store, designed to give users and developers more control over mobile software and rewards.

According to Solana Mobile, nearly 2 billion SKR tokens are being distributed to the community as part of the launch. More than 100,000 users and 188 developers are eligible to claim tokens based on their participation in Seeker Season 1, either through regular device usage or by building and publishing apps.

Eligible users can claim their allocation through the Seed Vault Wallet on their Seeker device. Claims will remain open for 90 days, after which any unclaimed tokens will be returned to a future distribution pool.

What SKR is Used For

SKR is an SPL token on the Solana network. It is designed to play a central role in the Solana Mobile platform by supporting governance, staking rewards, and long-term incentive alignment between users, developers, reviewers, and hardware partners.

Once claimed, SKR can be staked to earn rewards. Staking rewards begin quickly, with inflation events occurring every 48 hours. At launch, staking carries 0% commission, and users can unstake their tokens with a short cooldown period.

Staked SKR is also used to delegate responsibilities to so-called “Guardians,” who help verify devices, review apps, and enforce ecosystem standards.

SKR Now Available Across the Ecosystem

SKR is live across the Solana ecosystem and can be accessed through wallets, decentralised exchanges, and supported trading platforms. Solana Mobile said further exchange availability updates will be shared over time.

Seeker Season 2 Begins

With the token launch complete, Seeker Season 2 is already underway. The new phase introduces additional apps, new reward programs, and early-access features across areas such as decentralised finance, gaming, payments, trading, and DePIN.

Activity tracking has resumed for Season 2, meaning users who stay active within the ecosystem may continue to qualify for future incentives.

Related: Chainlink Opens Door To $80T U.S. Stock Market On Blockchain With 24/5 Data

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.

Source: https://coinedition.com/solana-mobile-launches-skr-token-kicks-off-next-growth-phase/

Market Opportunity
Helium Mobile Logo
Helium Mobile Price(MOBILE)
$0.0001664
$0.0001664$0.0001664
-1.59%
USD
Helium Mobile (MOBILE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
Share
BitcoinEthereumNews2025/09/18 07:04
Top 3 Cryptos That Could Turn $100 Into $5,000 in 2025 – Including This Meme-to-Earn Token’s Game-Changing Potential

Top 3 Cryptos That Could Turn $100 Into $5,000 in 2025 – Including This Meme-to-Earn Token’s Game-Changing Potential

Discover 3 cryptos with explosive growth potential - Ethereum, Shiba Inu, and MAGAX. Here’s why early investors are eyeing them for 2025.
Share
Blockchainreporter2025/09/18 07:45
South Korea Prosecution Loses Bitcoin Worth $48 Million

South Korea Prosecution Loses Bitcoin Worth $48 Million

The post South Korea Prosecution Loses Bitcoin Worth $48 Million appeared on BitcoinEthereumNews.com. Key Points: Gwangju Prosecutors’ Office loses $48 million
Share
BitcoinEthereumNews2026/01/22 18:25