Summary
TLDR: Starknet’s STRK governance token airdrop is open to over one million users, listed on major exchanges, trading at $2.56. 51,000 users have claimed tokens so far, representing 4.8% of eligible users. Market cap is approximately $2 billion. Token allows governance participation, fee payment, and staking. Starkware received backlash for plans to unlock 1.3 billion tokens for early investors. Network activity spiked after airdrop announcement but has since rebounded.
Key Points
1. Ethereum layer-2 network Starknet has opened the airdrop for its STRK governance token, allowing more than one million crypto users to claim their stake of the network.
2. The token has also been listed on major exchanges including Binance, KuCoin, and OKX. At the time of writing it’s trading for $2.56 apiece, according to CoinGecko—having already dropped by 49% in value since going live.
3. According to data from TokenFlow, about 51,000 users have claimed their tokens so far, representing 4.8% of all users eligible for claims. That includes 69,859,276.8 tokens out of nearly 600 million that the project’s team, Starkware, has allocated for distribution.