Starknet Foundation prepares to airdrop 1.8B STRK tokens to spur network growth

The Starknet Foundation revealed plans to administer 1.8 cardinal STRK tokens crossed aggregate initiatives to thrust the adoption and maturation of the Starknet blockchain, according to a Dec. 8 statement connected societal media level X (formerly Twitter).

This connection follows caller confirmation from the Foundation that it has completed the snapshot for its upcoming STRK token airdrop.

Token distribution

The Foundation stated that the Provisions Committee has been allocated 900 cardinal tokens that would beryllium utilized to reward some past and aboriginal users and assemblage members. It added:

“The committee’s nonsubjective is to administer ownership of the network’s autochthonal token and to reward past and aboriginal contributions by users and assemblage members.”

“We’ve been moving connected the archetypal signifier of distributions for a portion now, and we are adjacent to getting this implicit the line. There’ll beryllium much ceremonial communications connected this soon,” the Foundation wrote.

In summation to this allocation, different 900 cardinal tokens person been earmarked for idiosyncratic rebates. These tokens are intended to empower users by providing rebates connected their transaction fees wrong the network.

The Foundation said it was presently successful the readying signifier for this initiative. It is forming a dedicated committee that would oversee the organisation of tokens that would service arsenic rewards for important transactions conducted connected the network.

Furthermore, the DeFi Committee volition allocate an archetypal 50 cardinal tokens to stimulate enactment wrong decentralized concern (DeFi) protocols connected the network.

This allocation aims to heighten liquidity wrong the network’s DeFi ecosystem, and the Committee is expected to determination into execution and deployment wrong the archetypal 4th of adjacent year.

The Starknet Foundation oversees Starknet, an Ethereum-based Layer 2 web employing a zero-knowledge roll-up approach. The scaling solution has operated since February past twelvemonth and ranks among the apical 10 layer-2 networks by full worth locked, per L2beat’s data.

The station Starknet Foundation prepares to airdrop 1.8B STRK tokens to spur web growth appeared archetypal connected CryptoSlate.