Starknet Foundation To Distribute 1.8 bn Tokens
The Starknet Foundation, the creator of Ethereum Layer 2 network Starknet, plans to distribute 1.8 billion tokens as user rewards and rebates. The foundation will employ various committees to oversee the distribution of these blockchain tokens. The “Provisions Committee” will distribute 900 million Starknet (STRK) tokens in a phased manner to reward both past and future contributions.
The foundation confirmed a token airdrop snapshot, with a total of 10 billion STK tokens issued. 50% will be retained by the foundation, while the remainder will be allocated to core developers, ecosystem contributors, and the community. Starknet operates as a decentralized Layer 2 network on Ethereum, using a zero-knowledge roll-up solution to condens multiple transactions on an off-chain layer before collectively publishing them on the Ethereum network.
(With inputs from Shikha Singh)
You need to login in order to Like
