The Starknet Foundation has lifted the veil on its highly anticipated airdrop, ushering in excitement among nearly 1.3 million eligible wallets poised to receive rewards.
These eligible recipients encompass a diverse array of stakeholders, ranging from early adopters of ecosystem dApps to active network contributors, among others.
Who Will Be Eligible for Starknet Token Airdrop
Starknet, an Ethereum Layer-2 network, leads innovation using a ZK-Rollup solution to scale decentralized apps. The foundation announced that the new STRK token will be key in decentralizing and governing the network. The protocol aims to encourage community-led governance.
“The STRK Token was born so that STARK-based scaling can happen in a more decentralized way. The token design helps Starknet to be run and managed by the community, and Provisions is a powerful means to achieve this,” Diego Oliva, CEO of Starknet Foundation said.
The team has scheduled token distribution on February 20. It will include around 1.297 million wallets, giving them four months until June 20 to claim their tokens. Starknet Foundation will distribute over 700 million STRK tokens, 7% of the total 10 billion supply. Indeed, this is a major event for the Starknet ecosystem.
Read more: Best Upcoming Airdrops in February 2024
Early adopters and Ethereum (ETH) contributors, like Protocol Guild members, EIP authors, and solo stakers, can claim the token. Open-source developers outside Web3 are also eligible. Additionally, over 500,000 Starknet and 600,000 StarkEx wallets qualify. Moreover, 137,000 open-source developers and 19,000 ETH stakers are eligible, securing their spot in the distribution.
The criteria dictating user eligibility for the distribution were meticulously crafted, hinging on a snapshot analysis encompassing transaction volume and frequency of interaction with the network. Parameters included a cumulative transaction value exceeding $100 alongside a minimum of six transactions.
Read more: A Deep Dive Into Starkware, StarkNet, and StarkEx
Provisions, the governing body overseeing the token distribution plan, exemplifies one of several community-driven initiatives spearheaded by Starknet contributors. Complementing this effort is the devonomics program, launched in December, alongside forthcoming rebates and subsidies to incentivize ecosystem activity.
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