Massive Token Giveaway by StarkNet: 1.8 Billion $STRK Tokens to Reward Community and Transaction Rebates!
StarkNet’s Unprecedented Token Distribution: Sparking a Revolution in Ethereum Layer 2 Solutions
Developed by StarkWare, StarkNet is an Ethereum Layer 2 project designed to provide a fast, secure, and scalable blockchain solution. Utilizing zk-rollup technology, it achieves high performance and low-cost transactions. StarkNet’s introduction of the STRK token economy in July last year, followed by the Ethereum token contract deployment in November, has been a focal point for market airdrop hunters. The official statement details StarkNet’s token contract total supply at 10 billion tokens, with the following distribution model:
- 17% to StarkWare investors
- 32.9% to core contributors: StarkNet employees, advisors, and software development partners
The remaining 50.1% designated by the foundation for various purposes：
- 12% is allocated for developer appreciation, rewarding the work of development, testing, deployment, and maintenance.
- 10% is set aside as strategic reserve funds to finance ecosystem activities aligned with the foundation’s mission.
- 2% for donations decided by token holders and the foundation to universities and non-profit organizations.
- 8.1% of undistributed tokens are to be decided by the community.
Further reading：Solana Airdrop Extravaganza: Unveiling 7 High-Potential Protocols and Strategic Interactions
A Whopping 1.8 Billion Tokens for Community Incentives and Trade Rebates
After much anticipation, the StarkNet Foundation confirmed on December 1st the development of an airdrop plan, targeting certain users and contributors with STRK tokens. The airdrop eligibility deadline has been confirmed, with details to be announced upon finalization.
Multi-Phased Token Distribution Plan
- 900 million STRK tokens have been allocated by the Grants Committee to be distributed fairly, diversely, and transparently across various projects and phases. The committee aims to distribute network native token ownership and reward users and community members for their past and future contributions. The completion of this plan is imminent.
- An additional 900 million STRK tokens will be distributed for transaction rebates. Details of this plan are still under formulation, with a new committee to oversee the distribution of these tokens, rewarding significant network transactions.
- The DeFi Committee will distribute an initial 50 million STRK, offering direct, indirect, and retrospective incentives to encourage activities within StarkNet’s DeFi protocols, thereby promoting liquidity, transaction volume, and overall growth. The committee is nearing the end of its research phase and plans to implement and deploy this program in the first quarter of next year.
Further reading：LayerZero Set to Revolutionize with Token Airdrop in 2024: Anticipation Builds in Crypto Community
More Incentive Programs to Be Announced
In addition to the aforementioned plans, the StarkNet Foundation indicated that more innovative incentive mechanisms targeting network developers and dapps will be announced next week. Stakeholders are encouraged to stay tuned for official updates.
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Keywords: StarkNet, STRK Tokens, Ethereum Layer 2, zk-Rollup, StarkWare, Cryptocurrency, Blockchain Technology, Airdrop, Token Distribution, DeFi Protocols, Community Rewards, Transaction Rebates
