STRK Price Surges 23% as Starknet Kickstarts with Massive Airdrop, Over 140 Million Tokens Claimed

STRK Label Surges 23% as Starknet Kickstarts with Huge Airdrop, Over 140 Million Tokens Claimed

Ethereum layer-2 scaling protocol Starknet launched an airdrop of its native community token STRK this day.

Per an X post, over 140 million tokens obtain been claimed to this level by spherical 128,000 users on the time of writing.

This day is fully the starting! @Starknet is able to blast off!

1. @Starknet provisions are claimable NOW
2. @influenceth’s Early Entry starts TOMORROW
3. #StarkCityDenver on the Twenty eighth
4. EIP-4844 SOON

The FUD shall be destroyed.

— Eetherway (@Web3zy) February 20, 2024

The Starknet Airdrop

Extra than forty five million STRK tokens were claimed right by the foremost 90 minutes of the airdrop start.

STRK started trading on plenty of exchanges as successfully. The token like a flash reached $7 on Binance and surpassed $5 on KuCoin interior hours of its initial start.

The STRK trace is at the moment at $2.01, in step with data from CoinMarketCap, with the token’s market capitalization valued at over $1.4 billion.

The token is offered for explain by over 1.3 million eligible wallets, with Ethereum solo and liquid stakers, Starknet builders and users, and initiatives and builders from the Web3 ecosystem all eligible to explain STRK.

The Starknet Basis has released an intensive token provision framework alongside its devoted portal, which lets in folks to study their eligibility and receive STRK tokens.

Extra than 700 million STRK tokens will be distributed right by nine categories, reserved for governance and transaction costs. Starknet moreover plans to introduce staking for STRK tokens in the extinguish.

50.1% of STRK’s supply will be allocated to the Starknet Basis for community airdrops, grants, and donations. Additionally, 24.68% of the token’s total supply will be distributed to early contributors and shoppers, with the final word 32% being assigned to StarkWare staff, consultants, and developer companions.

The tokens will be unlocked each and every month for 31 months from April onwards, Starknet said.

Starknet Responds to Feedback

One among the most controversial eligibility criteria for Starknet airdrop was once the must aid 0.005 ETH. Many users voiced their discontent after getting disqualified this skill that of this particular requirement.

what’s about 0.005 ETH?

am on starknet since Mach 01,2023

+working on testnet
+Active on NFTs
+Domain identify owner
+greater than 500$ on quantity
+shedding greater than 100$ in costs.

and Sadly, You are No longer eligible. https://t.co/iGYiXnSoiU pic.twitter.com/tZgqJLyc4p

— LargoRoyal (@largoroyal2) February 14, 2024

Following the initiating of its provisions portal, Starknet acknowledged ideas from community members and community users who felt “overpassed this skill that of particular Provisions criteria.” The Starknet Basis said that it is actively working on finding a decision for users who were now not regarded as eligible.

Since its initial start in November 2021, Starknet has achieved a total price locked of with regards to $55 million, in step with DefiLlama. Starknet is regarded as one of Ethereum’s most successfully-identified Layer 2 alternate choices and has played a massive role in the pattern and implementation of zero-data rollup skills.

Source : cryptonews.com