Starknet Reveals Grand $1.8 Billion $STRK Token Airdrop Scheme

Key Takeaways:

• 900M STRK Tokens for Contributors: The initial phase of Starknet’s plan involves the distribution of 900 million STRK tokens, intended to reward both past and future contributors from the user and community domains. The team emphasizes that meticulous efforts have gone into shaping this distribution phase, with a formal announcement expected in the near future.
• 900M STRK Tokens for User Rebates: Starknet has committed an additional 900 million STRK tokens for user rebates. This forward-thinking initiative aims to incentivize users for their transactions on the network, fostering increased engagement and participation.
• 50M STRK Tokens for DeFi Protocols: As part of the allocation strategy, Starknet has earmarked an initial 50 million STRK tokens to explore and enhance direct, indirect, and retroactive incentivization of activities on decentralized finance (DeFi) protocols. The focus is on boosting liquidity, trade volume, and overall growth within the DeFi landscape on Starknet.

Starknet, a prominent player in the crypto space, has recently disclosed an expansive plan involving the allocation of more than 1.8 billion STRK tokens across various initiatives. The primary objective behind this strategic move is to stimulate the adoption and advancement of the Starknet ecosystem.

Now that the news is out, we might as well tell you more!

Starknet is about each of you. Every user, builder and member of our community – existing and future – is a critical piece to building our network into the future of decentralisation for generations to come. The success…

— Starknet Foundation (@StarknetFndn) December 8, 2023

Read More: How to Claim Free Solana Airdrop?

StarkNet Airdrop:

Starknet operates as a decentralized Layer 2 network situated on the Ethereum blockchain, employing a zero-knowledge roll-up solution. This approach involves consolidating numerous transactions off-chain before collectively publishing them on the Ethereum network.

Responding to recent speculations about a potential airdrop, the Starknet Foundation addressed the issue earlier this month following the circulation of screenshots on social media. The foundation emphasized that the screenshots in question represented preliminary plans still in the development phase.

It was clarified that a definitive eligibility cutoff date for the airdrop has been established, and no additional user actions can influence or modify this deadline.

Back in October, the Starknet Foundation unveiled intentions to distribute around 50 million STRK tokens as part of its Early Community Member Program (ECMP).

Not a drill, $STRK right around the corner

The page was taken down but it was on the official domain name pic.twitter.com/fhjfFOjKJD

— Auri (@Auri_0x) November 30, 2023

Additional Read: How to Claim Pyth Network Airdrop?

Conclusion:

Starknet’s bold initiative to allocate a substantial number of STRK tokens underscores its commitment to fortify the ecosystem and incentivize key players. With a dual focus on rewarding contributors and users and enhancing the DeFi landscape, Starknet is poised to make significant strides in fostering growth and adoption.

Source: CryptoPotato, CoinMarketCap