Author: Hotcoin Research
I. Project Overview
Seeker (SKR) is a second-generation Web3 native phone launched by Solana Mobile, the mobile division of Solana Labs. It also issues the SKR token as an incentive for ecosystem development and a medium for unlocking features. The device emphasizes a "mobile-first" on-chain experience, with Seeker positioned as "Solana Chain in your pocket," aiming to reduce the cost and barrier to on-chain interaction to mobile levels. The total supply of SKR tokens is 1 billion, with approximately 15% currently in circulation, used to reward device activation, node bandwidth sharing, and app store revenue sharing.
II. Project Introduction
The Seeker project aims to build an open mobile platform that addresses the pain points of centralized app stores (such as the Apple App Store and Google Play), including limited developer freedom, restricted user access to encrypted applications, and high fees. The project achieves decentralized governance, gatekeeper-free app distribution, and direct developer-user interaction through the TEEPIN network architecture (combining a Trusted Execution Environment (TEE) and the DePIN decentralized physical infrastructure). The Seeker mobile phone serves as the entry point, generating non-transferable Genesis Tokens to unlock exclusive on-chain rewards and experiences for users. This ecosystem emphasizes community ownership, allowing users to participate in governance decisions and supporting mobile-native activities such as payments, DeFi, AI, DePIN, NFTs, and games. Positioned as an infrastructure-grade asset, the project is closely integrated with Solana 's mobile strategy and has already attracted over 150,000 pre-orders across more than 50 countries.
III. Products and Technologies
Seeker's core product is an Android-based smartphone with a built-in Seed Vault hardware wallet for secure storage of crypto assets. The device features the Solana dApp Store 2.0, supporting over 265 dApps across areas such as payments, DeFi, AI, DePIN, NFTs, and gaming, allowing users direct access to exclusive apps without the need for traditional app stores.
Technically, the project employs the TEEPIN architecture to ensure device security and decentralization; it introduces the Guardians mechanism (similar to validator nodes) to detect malicious applications and protect the ecosystem. Hardware specifications include Bluetooth 5.4 and WiFi 6, supporting real-time payments, sensor integration, and location services. The Seeker ID function acts as a digital passport, providing users with proof of authenticity within the ecosystem. As of early 2026, the ecosystem had processed 9 million transactions, totaling $2.6 billion. The project also expands to other Android devices through developer tools and infrastructure.
IV. Economic Model
SKR tokens use a linear inflation model, with an inflation rate of 10% in the first year, gradually decreasing to a terminal inflation rate of 2% in the sixth year, to incentivize early participation and long-term holding. The total supply is 1 billion SKR, allocated as follows:
- 30% will be used for community airdrops (including 1.8 billion SKRs in Season 1 distributed to 100,000+ users and developers, in 5 tiers based on device interaction, dApp usage, and on-chain activity).
- 25% allocated to growth and partnerships;
- 15% will be allocated to the Solana Mobile team (12-month lock-up, 36-month linear unlocking);
- 10% is used for liquidity launch and listing (unlocked upon listing);
- 10% will be allocated to the community treasury (unlocked upon listing and managed through governance).
- 10% is allocated to Solana Labs (12-month lock-up, 36-month linear unlock).
The initial circulating supply is approximately 567.5 million SKR. Token uses include staking to Guardians (initial APY approximately 26-28%, 2-day unlock period), governance voting, ecosystem rewards, and application curation. The Season 1 airdrop began on January 21, 2026, and developers can claim it through the publishing portal.
V. Team and Investors
- Core Team – Anatoly Yakovenko: CEO of Solana Labs, responsible for overall strategy; – Emre Şimşek: GM of Solana Mobile, former director at Samsung Electronics, leading hardware planning; – Nick Ishaq: Technical lead for Mobile Stack, former core framework engineer for Google Android.
- Investments and partners did not disclose independent financing; development budget was allocated by the Solana Labs board of directors; the contract manufacturer is Compal, the chip platform is Qualcomm, and the payment partners are Visa and the Solana Pay Foundation.
- The first batch of 20 validator nodes for the ecosystem are provided by the Solana Foundation and Coinbase Cloud. Applications will be opened to the community later, requiring a stake of 1 million SKR and passing a security audit.
VI. Route Map
The project roadmap focuses on ecosystem expansion and decentralization:
- Q3 2025: Complete the design of the token economics, community engagement activities, and pre-launch publicity.
- Q4 2025: Prepare for token distribution, early staking mechanisms, and developer introduction.
- Q1 2026: SKR token officially launched (January 21, 2026), enabling initial staking, Guardians participation and governance features; Seeker Season 2 launched; hackathon held.
- Goals: Expand hardware partnerships to support more Android devices; continue developer funding and dApp growth; introduce more Season airdrops and governance proposals; aim to achieve a fully decentralized mobile stack.
VII. Risks and Opportunities
Risks include: high initial circulating supply (approximately 200 million tokens will be unlocked at launch) and airdrops may trigger selling pressure; a 10% inflation rate in the first year may increase price volatility; the project relies on Seeker hardware sales and user adoption, and failure to meet expectations (such as the mediocre performance of the previous Saga phone) may affect the ecosystem; the mobile Web3 market is still niche and faces regulatory and competitive challenges; and a lack of external funding may limit the speed of expansion.
Opportunities lie in: deep integration with the Solana ecosystem, providing growth potential; community governance and incentive mechanisms that attract developers and drive dApp innovation; Guardians and TEEPin technologies that enhance security and increase user trust; continuous airdrops (30% of total supply) and staking rewards that encourage long-term participation; and strong hardware pre-sales (150,000+ units) indicating early demand.
VIII. Summary
The Solana Mobile Seeker project attempts to build a decentralized mobile ecosystem through innovative hardware and technology, with the SKR token serving as a coordination layer to support governance and incentives. Building upon Solana, the project expands the potential of Web3 applications and has demonstrated early developer activity and user engagement, but faces market volatility and adoption challenges. Overall, it represents a direction of exploration in the mobile blockchain field.
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