The $SQK token
The ERC-20 token: premint, lifetime cap, burns, and transfers.
TL;DR
- $SQK is an ERC-20 token. Apart from a one-time premint, it's issued only for completed Squeek blocks.
- At most 2.1 billion $SQK can ever be minted, premint included. Burning reduces circulating supply but never reopens the cap.
- Mining funds Staking with newly issued $SQK; once you claim it, it's in your wallet.
What's $SQK?
$SQK is the token the hamster's work produces. Apart from a one-time premint, it's created only as the hamster completes Squeek blocks, up to a fixed lifetime cap of 2.1 billion.
All new $SQK goes to Staking, which shares it among everyone staking Squeeks and $SQK.
Once claimed, $SQK is an ERC-20 balance: you can hold, transfer, stake or burn it, or use it in other applications.
Token details
| Detail | Value |
|---|---|
| Name | Squeek |
| Ticker | SQK |
| Decimals | 18 |
| Lifetime cap | 2,100,000,000 $SQK, premint included, fixed in the contract |
| Premint | Set once at deployment |
| Minter | Mining only, permanently |
| Burn | Any holder, from their own balance; burns never reopen the cap |
The token runs on the Sepolia testnet; its address, the premint's size and split, and the rest of the deployment are in Deployments.
Supply over time
The token keeps three totals: the premint, fixed forever; lifetime minted, the premint plus all issuance, which can never pass the cap; and burned. Circulating supply is lifetime minted less burned.
Burns come from holders and from Staking, which burns the whole exit fee when someone unstakes $SQK. Because the cap counts lifetime minting, a burn lowers circulating supply without letting more $SQK be issued.
Supply limits and rounding covers the cap and where $SQK is held. Developers can use the SqueekToken reference for exact units, transfers, approvals, burns and minting authority.