Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Starknet discloses plans to distribute STRK tokens to approximately 1.3 million wallets.
ADOPTION NEWS

Starknet discloses plans to distribute STRK tokens to approximately 1.3 million wallets.

By Crypto FlexsFebruary 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Starknet discloses plans to distribute STRK tokens to approximately 1.3 million wallets.
Share
Facebook Twitter LinkedIn Pinterest Email

The Starknet Foundation has unveiled its primary token distribution plan, with nearly 1.3 million wallets eligible to receive rewards, including early users of ecosystem dapps, network contributors, and more. The Foundation’s Supply Department will today release a formal overview of STRK allocations and allow users to determine if they are eligible for distribution.

Starknet is an Ethereum Layer-2 network that leverages the ZK-Rollup solution for decentralized application scaling. According to the statement, the token will help decentralize and govern the network.

“The STRK token was created to allow STARK-based scaling to occur in a more decentralized manner. The token design helps the community operate and govern Starknet, and Provisions is a powerful means to achieve this,” said Diego Oliva, CEO of the Starknet Foundation.

With the February 20th distribution, approximately 1.297 million wallets will be able to claim STRK tokens. The billing period is 4 months, until June 20th. The total distribution includes over 700 million STRK tokens. This is 7% of the total 10 billion token supply.

“Community members have been battle-testing STARK-based technologies since the launch of StarkEx in 2020, and we are thrilled that many of those who have interacted with StarkEx-based dApps, such as dYdX, ImmutableX, Rhinofi, and Sorare, are being recognized today. said Eli Ben-Sasson, a cryptographer who co-invented Starknet’s technology.

Who is eligible?

In addition to early users of Starknet and StarkEx, tokens can be claimed by Protocol Guild members, Ethereum contributors including EIP creators and sole stakers, and open source developers outside of web3.

In total, more than 500,000 Starknet wallets and 600,000 StarkEx wallets are eligible. Additionally, 137,000 open source developers and 19,000 ETH stakers were also cut, according to eligibility data shared with The Block.

User eligibility criteria for deployment were based on a November snapshot that examined transaction volume and how frequently users interacted with the network. Criteria included a cumulative value traded of $100, five or more transactions, and activity in separate time intervals, but these are separate conditions.

The provision to oversee the token distribution plan is one of many community initiatives provided by Starknet contributors. Others include a devonomics program launched in December and future rebates and subsidies to encourage ecosystem activity.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025
Most Popular

Canaan Inc. to Participate in Rosenblatt’s AI and Bitcoin Mining Technology Summit

August 18, 2024

Bitcoin’s Historic $100,000 Milestone Signals a New Era of Cryptocurrency Adoption

December 13, 2024

Bitcoin traders hit a new high after BTC rose to $68,000.

October 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.