Starknet to Airdrop STRK Tokens on February 20th
The highly anticipated airdrop of STRK tokens, the native token of Ethereum layer-2 scaling solution Starknet, is scheduled for February 20th. The Starknet Foundation will distribute over 1.8 billion STRK tokens to nearly 1.3 million eligible wallets within the Ethereum ecosystem.
STRK Tokens: Fueling Starknet Growth and Governance
The allocated STRK tokens are not just free money but are intended to drive the growth and governance of the Starknet ecosystem. The token launch is an important step in expanding Starknet, incentivizing development, decentralizing governance, and securing the network through a proof-of-stake model.
Airdrop Eligibility Extends Far Beyond Starknet Users
The airdrop is not limited to Starknet users. Ethereum stakers, builders, developers, and even users of dapps built on StarkEx can claim STRK tokens. Open source developers outside of Web3 are also eligible to claim tokens, promoting inclusivity within the crypto community.
The Buildup: Assets on Starknet Reach $56M Ahead of Airdrop
The value locked on Starknet has surged to $56 million as excitement builds around the upcoming airdrop. Platforms like Nostra have seen significant asset inflows, and trading volume has increased in anticipation of the event.
What is StarkNet?
Starknet is a layer-2 scaling solution built on top of Ethereum that enables decentralized applications (dApps) to achieve higher throughput, faster processing times, and lower costs while maintaining Ethereum’s security. It utilizes validity rollups and STARK proofs to bundle transactions off-chain and submit them to Ethereum in a single transaction. This allows for scalability and efficiency without compromising security.
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