TL;DR
- Starknet, an Ethereum layer-2 blockchain, has announced an airdrop of its native token, STRK, scheduled for February 20. The airdrop is expected to benefit approximately 1.3 million wallets with a total of 728 million tokens allocated for the airdrop.
- The STRK token will be used to incentivize development, decentralize governance, and secure the network through a proof-of-stake model. It can be claimed by a variety of individuals, groups, and holders of over 500,000 Starknet wallets and 600,000 StarkEx wallets.
- The eligibility criteria for the distribution were designed based on a snapshot analysis that took into account both the transaction volume and the frequency of network interaction.
Starknet, the Ethereum layer-2 blockchain, has announced the much-anticipated airdrop of its native token, STRK. The airdrop, scheduled for February 20, is expected to benefit approximately 1.3 million wallets. The Starknet Foundation has allocated a whopping 728 million tokens for the airdrop.
The Starknet Provisions Program is designed for a broad distribution of STRK to those who’ve substantially contributed to Starknet.
Here are a few relevant details:
✨1.3 million addresses.
✨50% of the token distributed to Starknet users.
✨Ethereum stakers until the Merge,… pic.twitter.com/mANrSYHeG9
— Starknet 🦇🔊 (@Starknet) February 14, 2024
The beneficiaries, referred to as “provisions,” have until June 20 to claim their tokens. The airdrop is part of Starknet’s strategy to fuel community participation and project governance. Starknet uses zero-knowledge cryptography to provide a scalable and efficient layer-2 solution.
The introduction of the STRK token is a significant milestone for the project, as it will be used to incentivize development, decentralize governance, and secure the network through a proof-of-stake model. The token can be claimed by a variety of individuals and groups.
This includes early adopters and contributors to Ethereum (ETH), such as members of the Protocol Guild, authors of Ethereum Improvement Proposals (EIPs), and individuals who stake ETH. In addition, open-source developers who are not part of the Web3 community are also eligible to claim the token. Furthermore, holders of over 500,000 Starknet wallets and 600,000 StarkEx wallets qualify for the token.
The Criteria and Process for Claiming Starknet’s STRK Airdrop
The distribution also includes 137,000 open-source developers and 19,000 ETH stakers, further expanding the reach of the token distribution. The Starknet Foundation has hinted at more provisions in the future, making this one of the most far-reaching crypto airdrops yet. The foundation’s goal is to distribute STRK broadly to those who have significantly contributed to Starknet.
The eligibility criteria for the distribution were carefully designed based on a snapshot analysis that took into account both the transaction volume and the frequency of network interaction. The parameters set for eligibility included a total transaction value of more than $100 and a requirement of at least six transactions.
The launch of the STRK token has been long planned as a key part of Starknet’s expansion. With assets on Starknet recently hitting an all-time high of $56 million, interest in the airdrop is growing. This airdrop represents a significant step in Starknet’s journey towards decentralization and community-driven governance. It’s an exciting time for the Starknet community and the broader Ethereum ecosystem.
