Starknet to Distribute Native Network Token
The Starknet Foundation has announced its plans to distribute its native network token, STRK, starting on February 20th. This distribution method sets Starknet apart from others in the industry, as it includes nearly 1.3 million eligible wallets. The distribution also acknowledges the relationship between Layer 1 and Layer 2 technologies by rewarding Ethereum stakers. According to Eli Ben-Sasson, a board member of the Starknet Foundation, this is the most expansive distribution ever seen in the industry.
A Call to Action for Token Holders
The token distribution program is more than just a distribution of tokens. It is a call to action for new and existing token holders to engage deeply with Starknet’s governance and ecosystem. By participating in experimentation, building, transacting, and eventually staking, participants will develop a strong sense of ownership and commitment. The goal is to create a vibrant community where every voice matters.
Starknet’s Provisions Program
The newly allocated tokens will be designated for governance and voting purposes. They can also be used to cover transaction fees and potentially for staking in the future. This program is the first major distribution to give tokens to Ethereum stakers and non-Web3 developers within the Ethereum ecosystem. Early pioneers of Starknet who were involved in coding and community events will receive a significant allocation of 180,000 tokens. Users of well-known dApps that are powered by StarkEx may also qualify for token distribution.
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