Binance Backs Starknet (STRK) Distribution to ETH Staking Participants

Binance Supports Starknet (STRK) Distribution to ETH Staking Users

Binance has announced its support for the Starknet (STRK) distribution plan, specifically targeting users engaged in Ethereum (ETH) staking on the platform. This initiative aims to reward Binance ETH Staking participants with STRK tokens, enhancing the value proposition of staking on Binance.

Key Details of the Starknet (STRK) Distribution

The snapshot to determine eligible Binance ETH Staking users was taken on September 15, 2022, at 23:59 UTC. Eligibility for receiving STRK tokens depends on the total BETH balances held in qualified wallets at that time.

The official distribution date is scheduled for February 20, 2024, at 12:00 UTC. Binance plans to complete the STRK token distribution to eligible users within 30 days from this date.

Binance will provide further information about the BETH to STRK distribution ratio, the list of wallets included in the snapshot, and the finalization of the STRK token distribution process.

Important Considerations

While Binance facilitates the STRK distribution, listing and trading of STRK on Binance is subject to the exchange’s rigorous review process. Support for the distribution does not guarantee automatic listing on Binance.

The distribution is not available to U.S. persons, entities, or residents of sanctioned countries. Regulatory restrictions and product availability may further limit user eligibility for participation.

Binance advises users to exercise caution and understand the risks associated with digital assets. The value of investments can fluctuate, and past performance is not indicative of future results.

Binance’s support for innovative projects like Starknet demonstrates its position as a forward-thinking player in the cryptocurrency ecosystem. By participating in distribution plans, Binance rewards its users and encourages the adoption and understanding of emerging blockchain technologies.