Crypto News

Solanas new Seeker phone ships with SKR token as economic engine

Solanas new Seeker phone ships with SKR token as economic engine
© Copyright Image: CryptoSlate

Solana Mobile revealed it will ship its Seeker smartphone with a new token called SKR, which will serve as the native token of the Solana Mobile economy, according to a May21 announcement.

The firm also confirmed that the smartphone will begin shipping on Aug. 4. Seeker is the second generation of the Saga smartphone, released in 2023, but with a distribution model that invites additional manufacturers.

According to the announcement, the web3 mobile flywheel now turns on a decentralized economic layer, which will allow originalequipment makers to integrate Solana Mobiles software stack without paying platform fees. 

Once the first production run is in circulation, the company plans to extend the platform to more devices and more manufacturers.

The announcement did not include details about retail pricing, distribution partners, or carrier arrangements. Additionally, it is unclear whether SKR will be listed on centralized exchanges at launch.

Tokenbased incentive structure

According to the firm, SKR will serve several different purposes. Builders will receive the token for verified application activity and will keep all revenue generated by their software.

Meanwhile, users will be able to obtain SKR in exchange for inapp participation. They can store the SKR balance, identity, and assets locally through Solanas SeedVault keymanagement module.

Additionally, hardware suppliers will be given distribution incentives for putting Solanas firmware on their devices, creating what the company calls a selfreinforcing market loop. 

The incentive design follows lessons from 2024, when some Saga owners earned token airdrops that exceeded the smartphones cost.

Neither the post nor the accompanying documentation specifies a fixed cap or emission schedule for SKR.

Stack verification via TEEPIN

Solana Mobile introduced the Trusted Execution Environment Platform Infrastructure Network (TEEPIN) to coordinate a multi-vendor smartphone fleet. 

The architecture combines three layers. The first layer is the hardware to secure enclaves, attest device integrity, and boot state. The second is the platform, an onchain registry that validates operatingsystem builds and distributes signed updates.

The last layer is the network, a guardian cohort that records attestations on Solana and produces an audit trail for application states and firmware versions.

The company says TEEPIN removes reliance on a central app store by tying install permissions to cryptographic proof. Device owners interact with decentralized applications through onetouch signing, while developers push code directly to users without review delays.

The post Solanas new Seeker phone ships with SKR token as economic engine appeared first on CryptoSlate.

Read more: https://cryptoslate.com/solanas-new-seeker-phone-ships-with-skr-token-as-economic-engine/

Text source: CryptoSlate

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories