{"id":252511,"date":"2024-02-23T03:49:31","date_gmt":"2024-02-22T22:19:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=252511"},"modified":"2024-02-23T03:49:31","modified_gmt":"2024-02-22T22:19:31","slug":"starkware-revises-token-emission-schedule-after-community-backlash-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/starkware-revises-token-emission-schedule-after-community-backlash-crypto-news\/","title":{"rendered":"StarkWare Revises Token Emission Schedule After Community Backlash &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Only 0.64% of STRK will unlock on April 14 as opposed to the previously planned 13.4%<\/p>\n<div>\n<p>The StarkWare team has revised its token emission schedule after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/starknet-faces-backlash-over-airdrop-and-team-unlocks\"> <!-- -->backlash<\/a> from the crypto community.<\/p>\n<p>Now 0.64% of the token supply will unlock to the project\u2019s team and investors on April 14, as opposed to the planned 13.4%. By the end of 2024, 580 million of the tokens allocated to the team and investors will unlock as opposed to the previously scheduled 2 billion.<\/p>\n<p>STRK has jumped nearly 5% in the last hour at the time of writing on the news.<\/p>\n<figure><figcaption class=\"text-center text-xs\">STRK Price &#8211; CoinGecko<\/figcaption><\/figure>\n<p>The changes come after the revelation that the tokens would unlock less than two months after the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/starknet-token-to-launch-on-feb-20\"> <!-- -->airdrop<\/a> of STRK tokens. <\/p>\n<p>The tokens will be used to pay for transaction fees, in governance, and staking for Starknet, a scaling solution for Ethereum known as a Layer 2, according to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.starknet.io\/en\/content\/starknet-provisions-program#toc-using-strk\"> <!-- -->post<\/a> from the team.<\/p>\n<p>Eli Ben-Sasson, StarkWare co-founder and CEO, said the changes were in response to the feedback from the Starknet community. <\/p>\n<p>\u201cWe want to earn the community\u2019s trust, and believe in showing this with actions as well as words,\u201d he wrote. \u201cWe feel this is the best path forward given our long-term commitment to Starknet and its ecosystem, and are grateful to have the support of our investors in this decision.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Only 0.64% of STRK will unlock on April 14 as opposed to the previously planned 13.4% The StarkWare team has revised its token emission schedule after backlash from the crypto community. Now 0.64% of the token supply will unlock to the project\u2019s team and investors on April 14, as opposed to the planned 13.4%. By [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":251830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-252511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=252511"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252511\/revisions"}],"predecessor-version":[{"id":252512,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252511\/revisions\/252512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/251830"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=252511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=252511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=252511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}