Summary
TLDR: The Starknet Foundation’s airdrop of 700 million STRK tokens is causing controversy due to complaints about eligibility and tokenomics. About 5 million tokens were claimed in the first five minutes, trading briefly over $3. Some ecosystem participants feel unfairly left out, and there are concerns about the token unlocking schedule. Starknet is addressing complaints and plans to distribute tokens broadly.
Key Points
1. The Starknet Foundation’s airdrop of 700 million STRK tokens is now in full effect, with 5 million tokens claimed in the first five minutes.
2. Starknet has faced complaints and criticism regarding eligibility, anti-Sybil measures, and decisions about STRK’s tokenomics, prompting the announcement of a “DeFi Spring” initiative to address concerns.
3. The token generation and vesting schedule, particularly the team and investor unlocks, have been a point of contention, with some critics questioning the disproportionate benefits to insiders and the transparency of the unlocking schedule.