Starknet airdrop is coming! Over 1.8 billion STRK tokens will be distributed.

Niti998

Starknet airdrop is coming! Over 1.8 billion STRK tokens will be distributed.

"Starknet, an Ethereum Layer2 project developed by StarkWare, aims to create a fast, secure, and scalable blockchain solution using zk-rollup technology for high-performance, low-cost transactions. StarkNet released its STRK token economic model in mid-July last year and completed the token contract deployment on Ethereum in November, garnering attention from the market and airdrop enthusiasts.

The official statement from StarkNet indicates a total token supply of 10 billion STRK, with the token economic model distributed as follows:
- 17% allocated to StarkWare investors
- 32.9% to core investors, including StarkNet employees, advisors, and software development partners
- The remaining 50.1% designated by the foundation for specific purposes:
  - 12% for developer rewards, incentivizing work related to development, testing, deployment, and maintenance
  - 10% for a strategic reserve fund, supporting activities aligned with the foundation's mission
  - 2% for donations, to be decided by token holders and the foundation, directed towards universities, non-profit organizations, etc.
  - 8.1% undistributed tokens, subject to community decisions
  - 18% for rewarding community transaction rebates and additional community incentives

After a prolonged wait, the Starknet foundation has confirmed the formulation of an airdrop plan. They will airdrop STRK tokens to eligible users and contributors, with a deadline for qualification, and detailed plans will be disclosed once finalized.

The Starknet foundation further released details of its airdrop plan in a subsequent announcement. According to the original token economic model, the foundation intends to distribute over 1.8 billion tokens to promote Starknet's adoption and development.

1. Allocation Committee: 900 million STRK tokens will be allocated through multiple projects and stages to fairly, transparently, and evenly distribute STRK. The committee aims to allocate ownership of the network's native tokens and reward users and community members for past and future contributions.

Note: The Allocation Committee has announced that its plan is nearing completion and will be officially disclosed soon.

2. Trading Rebates: An additional 900 million STRK tokens will be distributed for trading rebates. The details of this plan are still being formulated, and a new committee will be established to oversee the distribution of these STRK tokens to reward users for significant transactions on the network.

3. DeFi Committee: The DeFi committee will distribute an initial 50 million STRK to provide direct, indirect, and retrospective rewards to encourage DeFi protocol activity on Starknet, promoting liquidity, trading volume, and overall growth. The research phase of the DeFi committee is nearing completion and will be executed and deployed in the first quarter of the next year.

In addition to the mentioned plans, the Starknet foundation states that there will be more announcements. An innovative incentive mechanism aimed at network developers and dApps will be announced in the coming week, so stay tuned for the official update."

Kamal531

Didn't expect to release so many tokens.

Shri

This token is quite substantial as well.

Samiksha

I seem to have a bit of an understanding of the specific meaning of the airdrop.

Samiksha

"What is about to be airdropped is worth checking to see how much.