See More

Breaking These Are the 1.3 Million Wallets Eligible for Starknet’s STRK Token Airdrop

2 mins
Updated by Ali Martinez
Join our Trading Community on Telegram

In Brief

  • Starknet Foundation announces airdrop for 1.3 million wallets, rewarding diverse ecosystem participants.
  • STRK token launch on February 20 aims to decentralize governance, with 7% of supply distributed.
  • Eligibility based on ecosystem contribution, with 137,000 developers and 19,000 ETH stakers included.
  • promo

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

STRK Provision Allocation
STRK Provision Allocation. Source: Starknet Foundation

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.

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Frame-2264-1.png
Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...
READ FULL BIO
Sponsored
Sponsored