StarkWare Revises Token Lockup Schedule Following Community Feedback
StarkWare, the company responsible for the Ethereum scaling solution STRK, has made changes to its token lockup schedule in response to community concerns. Previously, a significant number of tokens were set to unlock on April 15, but after receiving negative feedback, StarkWare has decided to implement a more gradual approach.
Gradual Release of STRK Tokens
- Token unlocks will now occur gradually over time.
- Starting from March 15, 2025, 64 million tokens will be released monthly.
- The pace will increase to 127 million tokens monthly for the next 24 months until March 15, 2027.
This revised plan ensures that only 580 million tokens will be unlocked by the end of 2024, compared to the previously scheduled 2 billion. Additional gradual unlocks are also planned for the following years.
Listening to Community Feedback
StarkWare made the decision to change the lockup schedule after taking into account feedback from ecosystem friends and collaborators. This adjustment comes in the wake of a significant price correction for the STKR token, prompting discussions within the Starknet community regarding the potential market impact of a large token unlock in April.
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