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Starknet active users plummet 57% in week after airdrop announcement 😱📉

Starknet active users plummet 57% in week after airdrop announcement 😱📉

The Starknet Airdrop: Community Dissatisfaction and Decreased Activity

The recent announcement of the airdrop on the Starknet network has led to a sharp decline in active users, with the current figure standing at 84,260. This is in contrast to the previous milestone of over 225,000 active wallets on February 14, 2024. The project team had planned to distribute tokens and reward 1.3 million users on February 20.

The decrease in activity can be attributed to community dissatisfaction regarding the criteria for receiving the airdrop. To be eligible for rewards in STRK tokens, users were required to have made at least five transactions totaling $100 or more over three separate months and have a wallet balance of at least 0.005 ETH before November 15, 2023.

  • Some users who transacted significant amounts and contributed liquidity to the network did not receive tokens because they had less than 0.005 ETH in their wallet.
  • One community member even labeled Starknet as “the biggest scam of the layer two systems.”

In response to these concerns, the Starknet team acknowledged that certain individuals were left out due to specific criteria and assured the community that they were working to address these issues. They expressed gratitude for community feedback and involvement, emphasizing that necessary updates had been made prior to distribution.

🔥 Hot Take: Resolving Community Concerns for Better Engagement

The Starknet airdrop has caused disappointment within the community due to dissatisfaction with the eligibility criteria. However, it is encouraging to see that the project team is actively listening and working towards resolving these concerns.

If you are a user who was affected by this issue, it’s important to remember that transparency and open communication play a crucial role in building trust and ensuring fair distribution. By addressing the community’s feedback and making necessary updates, Starknet has demonstrated its commitment to improving user engagement and participation.

As the crypto space continues to evolve, it is vital for projects to actively engage with their communities and adapt their strategies based on valuable input. By doing so, they can foster a more inclusive and supportive ecosystem that benefits all stakeholders.

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Starknet active users plummet 57% in week after airdrop announcement 😱📉