Binance Lists Starknet (STRK) and Supports Distribution for Binance ETH Staking Users
The world’s largest crypto exchange, Binance, has announced that it will list the highly anticipated Ethereum layer-2 network, Starknet (STRK), with a seed tag. Additionally, Binance will support the distribution of STRK tokens to Binance ETH staking users. Here are the key details:
- Binance will list STRK/BTC, STRK/USDT, STRK/FDUSD, and STRK/TRY trading pairs.
- Users can start depositing STRK at 12:00 UTC on February 20, with trading beginning at 13:00 UTC.
- Withdrawals of STRK will be available from 13:00 UTC on February 21.
- Binance is listing STRK with a seed tag due to its potential higher volatility and risks.
Starknet (STRK) Distribution Plan for Binance ETH Staking Users
Binance Earn will support the Starknet Provisions Program for eligible users who staked ETH on Binance. These users will receive STRK tokens in their spot wallets based on their total BETH balances across wallets as of September 15, 2022, at 23:59 (UTC). To check eligibility, follow the instructions provided by Starknet Foundation.
The distribution of STRK tokens to eligible users will be completed within 30 days from the start of the Starknet Provisions Program. The Starknet project has allocated 1.8 billion STRK tokens for airdrops to developers and early network participants.
Hot Take: Market Expectations for STRK Listing
The market expects the listing price of STRK to be around $0.80, based on the theory that its fully diluted valuation will be equal to its latest funding round valuation of $8 billion, with 720 million tokens in circulation. However, the OTC trading price of STRK on Whales Market and KuCoin has already risen to the $2 range, indicating potential bullish sentiment.
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