Israeli company StarkWare has announced that the first unlocking of its native token, StarkNet (STRK), will be delayed until April 2024. The decision was made to allow the company to focus on presenting its technology in the best possible way. The initial unlocking is only intended for investors, major contributors, and employees of StarkWare. The public will not be directly involved in this process. StarkWare specializes in Ethereum layer-2 solutions using off-chain proof-of-concept computations called ZK-STARKs. These cryptographic proofs ensure the integrity and privacy of computations on the blockchain, contributing to scalability and privacy. StarkWare’s main products are StarkNet and StarkEx, which support smart contract development and provide scaling solutions for protocols with special synchronization needs. Although the token unlock has been delayed, it does not necessarily mean that the airdrop to the community will also be delayed. Early adopters of ZK-STARKs technology may be rewarded sooner than others. This announcement may also be a strategy to attract user traffic and maintain transaction activity on the network.
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