Reaping the Benefits Starknet Foundation Awards Early Contributors with STRK Tokens, Unlocking Trading Opportunities!
Starknet Foundation Grants STRK Tokens to Early Contributors Ahead of Trading Unlock DateThe Starknet Foundation is feeling generous! They’ve decided to give a big thumbs-up to the early contributors of their network by handing out a whopping 50 million STRK tokens. But hold on to your trading hats, because these tokens won’t be tradable until April 2024. That’s like dangling a carrot in front of a rabbit and saying, “Wait for it, buddy!”
Now, let’s talk about Starknet. It’s a fancy-schmancy Layer-2 blockchain network that sits on top of Ethereum. Its mission? To give us scalability, reduce costs, and keep things as secure as Fort Knox. You know, because we don’t want hackers crashing our crypto party. The Starknet Foundation was born in November 2022, after StarkWare, the talented developer behind it all, minted a cool 10 billion STRK tokens. The foundation’s goal? To nurture and grow the Starknet ecosystem like a green-thumbed gardener.
But back to those early contributors. The Starknet Foundation has cooked up something special just for them. It’s called the Early Community Member Program (ECMP). This nifty initiative shines a well-deserved spotlight on those folks who have shaped the ecosystem by stirring up lively discussions, hosting awesome events, or creating kick-ass content that’s all about Starknet. Talk about community spirit!
Now, you might be wondering who makes the cut for this exclusive club. Well, according to a Starknet blog post, eligible contributors are those who have:
- Why did Vitalik choose to do an AMA on DeSoc instead of Twitter and SocialFi?
- Hackers Strike Suddenly Unibot Hacked, Highlighting Security Risks of Telegram Bots
- ChatGPT can now help fix bicycles by looking at pictures.
- Significantly contributed to technical discourse in the community.
- Been listed by key projects of the ecosystem. (Important people, take note!)
- Organized events around the world, like meetups, conferences, and workshops. They’re the social butterflies of the blockchain world.
- Regularly published Starknet branded content. They’re the literary geniuses who bring our beloved Starknet to life.
Let’s talk numbers for a sec. The Starknet Foundation managed to snag 50.1% of those 10 billion minted STRK tokens. Contributors scored 32.9% for their hard work, and investors grabbed a 17% cut of the pie. But don’t worry, the Foundation has a plan. Through the ECMP, they aim to dish out these tokens like a Michelin-star chef serving up a delectable feast. They want to keep the community growing and thriving, just like that tomato plant you’ve been nurturing in your garden.
Now, let’s take a peek at Starknet’s status in the Layer-2 blockchain leaderboard. It’s holding its own, coming in sixth place among the Ethereum-based networks. And get this, it currently has a jaw-dropping $137 million of deposits (total value) locked. That’s some serious moolah!
Oh, and one more thing. You might have been counting down the days to get your hands on some STRK tokens. Well, hold your horses. StarkWare, the developer extraordinaire, has pulled a sneaky move and postponed the token release. It’s now scheduled for April 15, 2024. I guess patience truly is a virtue in the world of crypto.
So, there you have it, my fellow digital asset enthusiasts. The Starknet Foundation is spreading the love and recognition to those who have helped shape their network. They’re building a strong community, enhancing scalability, and reducing costs like superheroes fighting the centralized villains. Do you want to be a part of this epic adventure? Then keep an eye out for those STRK tokens in 2024. It’s going to be a wild ride!
Now, go forth and conquer the digital asset world like the fearless blockchain warriors you are. And remember, always HODL with style and trade with a smile!
We will continue to update Blocking; if you have any questions or suggestions, please contact us!
Was this article helpful?
93 out of 132 found this helpful
Related articles
- Bittrex Bankruptcy US Crypto Exchange to Exit Market with Court Approval
- Hacked and Crashed Unibot, the Telegram-Based Crypto Trading Bot, Suffers 40% Token Dive
- UK Treasury announces major updates in cryptocurrency regulation to pave the way for innovation
- Hong Kong Rolls the Dice with Phase 2 of e-HKD Trials, Nearing CBDC Pilot Success
- Japanese Government Takes a Stance Crypto Exchange Linked to Hamas Gets Sanctioned
- SBF returns to the witness stand admitting mistakes but refusing to plead guilty, Binance, ex-girlfriend, and Three Arrows caused FTX to collapse.
- Twitter’s Value Takes a Tumble Elon Musk’s $44B Investment Now Halved