SKR is a utility token created by STAKING platform. The utility of SKR composes of two different aspects.
One the one hand, it rewards the people who stake on STAKING platform and encourage them to enhance the security of the network by stake more and longer. On the other hand, STAKING plans to use 20% of its profits each quarter to buy back and burn SKR until 50% of the total SKR supply (25 billion SKR) is burned.