Summary
Ethereum layer-2 scaling network Starknet is launching its token airdrop on February 20. Around 1.3 million wallets will be eligible to receive free tokens during the airdrop, which is referred to as a “provisions program.” The tokens, called STRK, will be used for a new governance structure for Starknet, where they will represent voting power. A total of 1.8 billion STRK tokens will be distributed, and users will have until June 20 to redeem their tokens. Beneficiaries include Starknet users, developers, users of affiliated dapps, and Ethereum stakers. The value locked on the Starknet network has grown significantly in recent months, reaching over $56 million.
Key Points
1. Starknet’s token airdrop is set to launch on February 20, with almost 1.3 million wallets eligible to receive free tokens. This airdrop, referred to as a “provisions program,” includes Starknet users, developers, decentralized app (dapp) users affiliated with the network, and even Ethereum stakers with no prior exposure to Starknet.
2. The new native token of Starknet, called STRK, holds importance in backing a new governance structure for the network. The token will represent voting power, emphasizing the value-driven process of decentralization and stability.
3. Various categories of individuals can receive different allocations of STRK tokens. These include early community members, dapp users of StarkEx-powered apps, Ethereum developers and contributors, stakers, Ethereum core developers, EIP authors, and ETH stakers in pools or on centralized exchanges. The redemption period for allocated tokens runs from February 20 to June 20.