The Starknet Foundation has unveiled its STRK token<\/a> distribution plan, aimed at empowering its community. This initiative marks a significant step towards decentralization within the Starknet ecosystem. Starknet operates as an Ethereum Layer-2 network, leveraging ZK-Rollup technology. This innovative approach allows for efficient scaling of decentralized applications (dApps) on the Ethereum blockchain.<\/p>\n By utilizing ZK-Rollup, Starknet addresses scalability challenges, enabling smoother and more cost-effective transactions. The primary role of Starknet lies in facilitating the scalability of decentralized applications. With its Layer-2 solution, Starknet enhances the performance and usability of dApps, offering users a seamless experience while interacting with the Ethereum network. This scalability is crucial for the widespread adoption and success of decentralized applications across various industries and use cases.<\/p>\n <\/p>\n The distribution plan for the STRK token rollout by the Starknet Foundation is set to commence, with nearly 1.3 million eligible wallets poised to receive rewards. This distribution initiative spans a timeline from February 20th to June 20th, affording eligible users four months to claim their STRK tokens. In total, over 700 million STRK tokens will be distributed, constituting 7% of the total token supply of 10 billion. This allocation underscores the foundation\u2019s commitment to decentralization and community governance within the Starknet ecosystem.<\/p>\n Eligibility for claiming STRK tokens extends to various segments of the community, including early users of Starknet, Ethereum contributors, and open-source developers. Notably, these groups have played integral roles in the advancement and testing of Stark-based technology. A detailed breakdown reveals that more than half a million Starknet users and 600,000 StarkEx users are eligible to claim STRK tokens.<\/p>\n <\/p>\n Additionally, 137,000 open-source developers and 19,000 ETH stakers have met the criteria for participation. The eligibility criteria were determined based on transaction volume and frequency of interaction with the network, requiring a minimum of $100 in cumulative value transacted and more than six transactions.<\/p>\n <\/p>\n Read Also: Ethereum L2 Starknet Earmarks 1.8B STRK for its Mega Airdrop<\/strong><\/em><\/a><\/p>\n <\/p>\nStarknet Foundation\u2019s STRK Token Distribution Plan Unveiled<\/h2>\n
Community Initiatives Foster Growth within Starknet Ecosystem<\/h2>\n
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