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Starknet unveils STRK token distribution plan to 1.3M wallets.

Starknet Foundation’s Bold Step Towards Community Governance Starknet Foundation unveiled its token distribution plan, igniting excitement among the crypto community. Prepare for a journey into this initiative, where 1.3 million wallets will reap rewards for ecosystem contributions. Let’s explore! Setting the Stage: Introducing Starknet and the STRK Token In a move that promises to revolutionize […]

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Starknet Foundation’s Bold Step Towards Community Governance

Starknet Foundation unveiled its token distribution plan, igniting excitement among the crypto community. Prepare for a journey into this initiative, where 1.3 million wallets will reap rewards for ecosystem contributions. Let’s explore!

Setting the Stage: Introducing Starknet and the STRK Token

In a move that promises to revolutionize Ethereum’s Layer-2 landscape, Starknet emerges as a beacon of scalability, powered by innovative ZK-Rollup technology. At the heart of this transformation lies the STRK token, poised to democratize network governance and propel decentralized applications to new heights.

Diego Oliva, the spirited CEO of Starknet Foundation, captures the essence of this endeavor, emphasizing the community-driven ethos behind the STRK token’s inception. “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,” he affirms with conviction.

Claim Your Share: The Distribution Timeline Unveiled

Mark your calendars for February 20, as the distribution gates swing open, beckoning 1.297 million eager wallets to stake their claim to the coveted STRK token. With a generous window extending until June 20, participants are granted ample time to seize their slice of the pie. The grand total? A staggering 700 million STRK tokens, comprising 7% of the overarching supply of 10 billion tokens, ready to find their new homes in the digital wallets of deserving stakeholders.

Celebrating Community Contributions: Honoring the Pioneers

As the curtains rise on this momentous occasion, a chorus of appreciation resounds for the trailblazers who have tirelessly championed the cause of Starknet and its revolutionary technology. Core contributor Eli Ben-Sasson echoes this sentiment, lauding the invaluable contributions of early adopters and steadfast supporters who have propelled the ecosystem to unprecedented heights.

StarkEx-powered dApps bring experience. Ethereum’s criteria embrace a diverse range, including both veterans and unsung heroes. Whether in the Protocol Guild, as an EIP author, or a solo staker, your contributions are valued.

Cracking the Code: Unveiling the Criteria for Eligibility

Behind the scenes, meticulous planning and careful consideration have shaped the criteria governing user eligibility for the distribution bonanza. A November snapshot serves as the lodestar, illuminating the path for aspiring recipients based on transactional activity and network engagement. Achieving the benchmarks requires a minimum cumulative transaction value of $100. Moreover, a track record of at least five transactions is necessary. Furthermore, sustained activity across discrete time intervals is crucial. Despite their strictness, these criteria underscore the foundation’s dedication to honoring authentic engagement and nurturing a dynamic environment.

Embracing Community Initiatives: Uniting Forces for Progress

Starknet prioritizes community empowerment, evident in diverse initiatives fostering growth and innovation, surpassing mere token distribution. The devonomics program launched, paving the way. Now, with rebates and subsidies pending, the foundation persists towards decentralization.

In conclusion, at dusk, anticipation fills the air, emphasizing Starknet Foundation’s visionary impact on distribution. With the STRK token leading, a journey unfolds, promising decentralization and community governance, marking a pivotal transition.

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