The Starknet Foundation has moved quickly to quell speculation over screenshots of an early iteration of the distribution portal for the upcoming native SRTK ecosystem token launch.
According to information shared with Cointelegraph ahead of the announcement on The Ethereum Layer 2 Scaling Network previously outlined initial plans for the Starknet token design in July 2022.
We have seen repeated previews of the possible provisions portal being shared on social media. As mentioned in the original announcement of the STRK token a year ago, the Starknet Foundation is developing plans to distribute tokens to specific users/contributors.
— Starknet Foundation (@StarknetFndn) December 1, 2023
A screenshot circulated online was labeled ‘draft plan still under development.’ A spokesperson for StarkWare told Cointelegraph that details about the official criteria and offering mechanism for the STRK tokens will be shared once they are finalized by the company.
“The cutoffs for who can receive a token or the criteria used to determine how many tokens there have been in the past are such that no action or activity can currently affect eligibility in any way.”
The company also stressed that community members should be seriously aware of scams that seek to take advantage of the uncertainty surrounding the distribution of STRK tokens.
Related: Ethereum L2 Starknet aims to decentralize the core components of a scaling network.
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Another image circulated online containing missing text and spelling errors suggests that GitHub developers, early Ethereum adopters, stakers, and Starkex users may also be eligible to receive STRK tokens based on certain criteria. This information contradicts the initial 2022 deployment plan shared by Starkware.
StarkWare’s initial post outlining plans for the STRK token notes that 10 billion tokens have been issued off-chain. This includes the disclaimer that STRK tokens do not represent any equity in StarkWare, any participation rights in StarkWare, or any claims in the Company.
Related: More TPS, Less Gas: Ethereum L2 Starknet Overview of Performance Upgrades
According to initial plans for token allocation, 17% will go to StarkWare investors and 32.9% will go to core contributors, including StarkWare employees, consultants, and Starknet developer partners. The remaining 50.1% was granted to the Starknet Foundation and designated to be distributed to various instances as shown in the screenshot below.
Starknet has previously emphasized that priority will be given to core infrastructure and decentralized application (DApp) developers, as well as other developers contributing to the security of the ecosystem.
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