The Starknet Foundation has released their token, which will be provisioned to users, stakers, and open-source developers, with the largest distribution ever made to around 1.3 million addresses.
The Starknet ecosystem offers exciting opportunities in on-chain gaming and delivering an improved user experience, with native account abstraction and technological breakthroughs anticipated to enhance performance and foster novel web3 experiences.
Deep dives
The Starknet Foundation announces details of their token distribution
The Starknet Foundation has announced the release details of their token, which will be provisioned to users, stakers in the Ethereum ecosystem, and open-source developers. The distribution will include 700 million Stark tokens to around 1.3 million addresses, making it the largest distribution ever made. Over 50% of the tokens will go to Starknet users, while other portions will be allocated to Starknet community members, developers, Ethereum stakers, and the protocol guild of Ethereum. The claim of the tokens will begin on February 20th, and the foundation encourages participants to explore the various projects and opportunities within the Starknet ecosystem.
Governance and future provisions are key goals for the Starknet Foundation
The Starknet Foundation aims to foster growth, knowledge, and governance within the Starknet ecosystem. Their goals include bringing more developers, teams, applications, and infrastructure into the community to enhance decentralization. They also focus on shaping the community's knowledge, culture, and collaborative efforts to align with the vision and values of Starknet. Governance and delivery are crucial aspects as the foundation facilitates decision-making processes and ensures effective execution. Future provisions are expected to continue as part of the journey towards decentralization, encouraging more participation and inspiring builders to contribute to Starknet's development.
Notable highlights of the Starknet ecosystem include on-chain gaming and native account abstraction
The Starknet ecosystem offers exciting opportunities in various areas. On-chain gaming is a significant theme, enabled by Starknet's scalability and performance. Multiple gaming projects have already been developed, attracting users to explore this new dimension of blockchain gaming. Additionally, Starknet stands out with its native account abstraction, delivering an improved user experience similar to popular fintech applications. Starknet's technological breakthroughs, on both the product and engineering side, are anticipated to further enhance performance, reduce costs, and foster novel web3 experiences. The ecosystem's passionate community, known for its support and collaboration, contributes to the overall vibrancy and growth of Starknet.
Starknet token holders can participate in governance and find opportunities within the ecosystem
Token holders of the Starknet provision can actively participate in governance and provide feedback on proposals that shape the future of Starknet. They are encouraged to explore the wide range of projects and applications within the ecosystem. Notably, Starknet's token serves as a gas token within the system, enabling token holders to pay for transactions and utilize various functionalities. The foundation's focus on inclusivity and decentralized operation facilitates opportunities for token holders to contribute to Starknet's improvement, engage with the community, and explore the potential of this groundbreaking technology.
The Stark token is here! After waiting for almost 6 years we're thrilled to share that one of the earliest and most promising layer 2's has just released official details on their token, STRK.
They are provisioning it to users of Starknet, to stakers in the Ethereum ecosystem, open source developers and so many more. A total of 1.3 Million wallets are eligible to receive the $STRK token, are you one of them?
Joining us today is Starkware founder and CEO Eli Ben-Sasson, and Starknet CEO Diego Oliva who are here to walk us through all you need to know about the big launch.
00:00 Intro 05:28 Timing Of The Launch 07:36 Denominate Fees in Stark Tokens 12:29 Starknet Readiness 16:53 Starkware/Starknet Company Design 21:24 Distribution of $STRK 26:01 Total Supply of Token 27:12 Provisions For Stakers 32:16 Provisions Via Staking Pool 33:10 StarkEx Users 36:44 Release Dates 40:26 What's Next? 43:43 Exciting Community Narratives 48:19 Closing Thoughts