April

Foundation

Coin

<ul class="news-points"> 
 <li>Starknet Foundation distributes 50 million STRK tokens to early ecosystem contributors.</li> 
 <li>The program is a part of the Early Community Member Program (ECMP), intended to honor the community members’ efforts.</li> 
 <li>The STRK tokens are yet to be released, as the token unlock is scheduled for April 15, 2024.</li> 
</ul> 
In a groundbreaking <a href="https://community.starknet.io/t/announcing-the-early-community-member-program/102092" target="_blank" rel="nofollow">announcement</a>, Starknet Foundation revealed the distribution of about 50 million yet-to-be-unlocked STRK tokens to the ecosystem’s early contributors. The decision comes as part of the Early Community Member Program (ECMP) of the permissionless ZK-Rollup, functioning as a Layer-2 blockchain over Ethereum. As per a blog post released by the Starknet Foundation, the project aims at recognizing the efforts of individual contributors and incentivizing them with token rewards. 
The tokens reserved for the ECMP represent a small fraction of ten billion <a href="https://medium.com/starkware/part-3-starknet-token-design-5cc17af066c6" target="_blank" rel="nofollow">STRK tokens</a> that have been minted but are currently locked. These tokens are scheduled to be unlocked on April 15, 2024. 
The platform’s official announcement drew the community’s attention to the layer-2 blockchain’s initiative in honoring individual efforts “which hugely, and positively, im…
The post <a rel="nofollow" href="https://coinedition.com/starknet-foundation-incentivizes-early-contributors-with-50m-strk/">Starknet Foundation Incentivizes Early Contributors with 50M STRK</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Starknet Foundation Incentivizes Early Contributors with 50M STRK

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