The second-layer Ethereum network team, StarkNet, has unlocked 728 million STRK tokens (7.3% of the supply) for over 1.3 million wallets as part of an airdrop.
Users can verify available coins on the Starknet Provisions program page. Token claims can be submitted within four months, until June 20.
Token claiming is live 🔥 pic.twitter.com/OYU1fvdulT
— Starknet 🦇🔊 (@Starknet) February 20, 2024
Early StarkNet and StarkEx users, as well as members of the Ethereum community including EIP authors and some developers, are eligible for distribution.
Traditionally, like most airdrops, users encountered errors and network congestion during the STRK claim process.
Source: ForkLog
Concurrently with the distribution, the coin was listed on major exchanges, including Binance, Bybit, Bitfinex, and OKX.
Trading began in the range of $5-7, after which the price dropped to $2. At the time of writing, the coin is quoted at $2.7. STRK trading volume has already exceeded $26 million.
StarkWare CEO Eli Ben-Sasson thanked the developers for their work and stated that he will continue to participate in the development of “to build Integrity Webs to run Global Free Society.” He noted that during the airdrop, there are risks of technical failures due to user influx, which the team promised to address “quickly and professionally.”
Where I’m at
It’s 15 minutes before the Provisions Claiming starts. Want to share where I’m at:
* Grateful to the amazing ecosystem that has congregated around the vision of Integrity via Math
* Anxious regarding the technical load that will unfold, and potential technical…
— Eli Ben-Sasson (@EliBenSasson) February 20, 2024
It was previously announced that on April 15, the Starknet Foundation will unlock 1.314 billion STRK tokens (~$3.38 billion at the time of writing) intended for core developers and investors. The community criticized the foundation’s actions as fraudulent due to the “fabricated” tokenomics.
Recall that in January, the StarkNet team deployed the Alpha v0.13.0 update, which enabled the payment of transaction fees with native tokens alongside ETH.
