Starknet’s Highly Anticipated Token Airdrop:
Starknet, a Layer-2 scaling network for Ethereum, has announced details about its upcoming token airdrop scheduled for the 20th of February. The airdrop is projected to benefit around 1.3 million users within the Ethereum ecosystem.
Airdrop Details Announced
Starknet Foundation revealed that nearly 1.3 million wallets are eligible to receive free tokens as part of the airdrop, describing it as a “provisions program.” Various stakeholders, including Starknet users, decentralized application developers associated with the network, and even Ethereum stakers with no prior exposure to Starknet, are eligible for the airdrop. The distribution of the new native token, STRK, is highly anticipated due to its potential value in secondary markets. It will also play a crucial role in backing a new governance structure for Starknet. Eligible users have until the 20th of June to claim the STRK tokens.
Unusual Eligibility
The eligibility criteria for the airdrop are quite unusual, encompassing groups outside the Starknet ecosystem, such as Ethereum solo-stakers and liquid staking token users. The Foundation has justified their inclusion by emphasizing Ethereum’s role in securing Starknet. Moreover, non-blockchain open-source developers are also eligible for the airdrop, setting a new precedent for inclusivity and expanding the reach of the airdrop.
The Foundation has even hinted at more airdrops in the future, aiming to engage a broader audience and further promote inclusivity. CEO of Starkware Eli Ben-Sasson expressed his delight at the attention the airdrop has garnered, underscoring the positive impact it has had on Starknet.
Details Of The Airdrop
The distribution entails Starknet allocating 700 million STRK tokens to users between the 20th of February and the 20th of June. Overall, 1.8 billion STRK tokens will be attributed to Starknet users and community members. Those who have used or developed on Starknet before the 15th of November will be eligible to receive varying amounts of STRK tokens, with the largest allocations being reserved for early community members.
Additionally, users of dApps powered by Starknet’s predecessor, StarkEx, stand to receive tokens if they have used the dApps before a specified date in 2022. Ethereum developers, contributors, and stakers are also included in the eligibility list. There are specific token allocations for these various groups, designed to incentivize their involvement with the Starknet ecosystem.
Some Questions Remain
However, questions have arisen regarding the process and timeline for investors and contributors to sell their STRK tokens following the airdrop. Starknet CEO addressed these concerns, emphasizing the company’s long-term commitment to the project. While the roadmap of the airdrop deviates from conventional practices, the CEO reiterated the firm’s dedication to advancing Starknet.
The distribution structure, particularly the unlocking of tokens for the team and early investors, has sparked discussions within the crypto community. Some are skeptical about the implications of this approach on Starknet’s long-term development, to which the CEO has committed to continued advancement of Starknet as the focal point for the company’s team.
In conclusion, the upcoming airdrop by Starknet has generated significant interest and presents a unique opportunity for a wide array of Ethereum ecosystem participants to benefit from the distribution of STRK tokens. The inclusivity of the eligibility criteria aims to foster greater engagement and participation, signaling a new approach to airdrops within the crypto space. With the airdrop set to mark a major milestone for Starknet, the positive response and attention it has attracted indicate a promising future for the platform and its native token.
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