The $SQK token
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.
Related pages
Applies SqueekCore, SqueekMining or SqueekStaking upgrades authorized by the admin Timelock that owns it.
Generates Squeek images and metadata from fixed onchain visual data.
Records physical work and earned block units on Ethereum, with difficulty adapting after rounds with at least 40 work.
Issues $SQK for completed Squeek blocks on a schedule and funds SqueekStaking with all of it.
The Squeeks ERC-721 contract. Tracks ownership, levels and merges.
Holds deposited Squeeks and staked $SQK, streams Mining's issuance to stakers by power, and pays claims.
The $SQK ERC-20 contract, capped at 2.1 billion $SQK including the premint; only the bound SqueekMining can mint.
Queues the admin's changes and enforces a delay before they run.
Checks that visual data conforms to the required DotGrid format.
Mining processes settled rounds, mints the scheduled $SQK for completed post-start blocks, and funds Staking.
The Squeek permanently burned in a merge. Its image is not combined or kept.
$SQK issued for completed Squeek blocks after Mining starts: a launch bonus, then three halving periods, up to the lifetime cap.
The fee for unstaking $SQK, burned in full: 2% when few people are leaving, rising to 60% when a fifth of staked $SQK leaves within a week.
Squeekchain's record of accepted wheel-magnet passages.
Combining two eligible same-level Squeeks, both in your wallet or both deposited in Staking, into one Squeek a level higher. The donor is burned.
The completed Squeek blocks a merged Squeek waits through before it can merge again. It follows the Squeek through transfers.
Your share of the reward stream: your deposited Squeeks' power plus the $SQK you staked, boosted by them.
Each funding restarts a 20-minute stream of all unreleased $SQK, shared among stakers by power.
A ten-minute period used to group measured work. The device saves a completed round's work total when measurement remained uninterrupted.
The token issued for completed Squeek blocks after Mining starts and streamed to stakers. It has a lifetime supply cap.
A Genesis NFT. Its level sets the power it adds for you while it is deposited in Staking.
One billion block units earned from settled work at each round's difficulty. After Mining starts, each completed block issues $SQK on its schedule.
Squeekchain's ecosystem for hamster-powered onchain finance, built on the public work record.
The Squeek you keep in a merge. It gains a level and keeps its ID and image; if deposited, its higher power counts for your account.
$SQK streamed to you that you haven't claimed. Rewards collect in Staking until you claim them; a Squeek holds none.
The hamster mining device. It records accepted wheel-magnet passages as work.
One wheel-magnet passage that met the device's counting rules.