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 <p class="is-style-lead">Starknet Foundation has announced a large-scale <a rel="dofollow" title="distribution" href="https://thebittimes.com/tag/distribution.html">distribution</a> plan of more than 1.8 billion STRK <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s to various network growth and user engagement programs.</p> 
 <p>Earlier in October, the layer-2 network promised to distribute 50 million <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s between early adopters. However, today’s announcement reflected a much larger <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> <a rel="dofollow" title="distribution" href="https://thebittimes.com/tag/distribution.html">distribution</a> program.<br><br>The Provisions Committee, a key group within Starknet, manages the <a rel="dofollow" title="distribution" href="https://thebittimes.com/tag/distribution.html">distribution</a> of 900 million STRK <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s. This <a rel="dofollow" title="distribution" href="https://thebittimes.com/tag/distribution.html">distribution</a> is intended to be fair, decentralized, and transparent, focusing on rewarding the network’s users and community members for their contributions. While the specifics of the first <a rel="dofollow" title="distribution" href="https://thebittimes.com/tag/distribution.html">distribution</a> phase are pending, formal communications are expected soon.</p> 
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    <p lang="en" dir="ltr">Now that the news is out, we might as well tell you more!<br><br>Starknet is about each of you. Every user, builder and member of our community – existing and future – is a critical piece to building our network into the future of decentralisation for generations to come. The success…</p>— Starknet Foundation (@StarknetFndn) December 8, 2023
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 <p>Another 900 million STRK tokens are set aside for network rebates to reward users for their transactions on Starknet. This plan is currently under development, with a new committee being formed to oversee the distribution process.</p> 
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 <p>Starknet has also allocated 50m STRK <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s to the DeFi Committee, concluding its research phase, and will soon implement strategies to incentivize activity on defi protocols on Starknet, focusing on boosting liquidity and trading volume.</p> 
 <p>Additionally, Starknet hinted at an upcoming announcement for a new incentive mechanism targeting developers and decentralized applications (dapps) on the network. This announcement is scheduled for next week.</p> 
 <p>Starknet is a permissionless layer-2 solution for Ethereum (ETH), utilizing zk-STARKs technology for enhanced security and privacy. STRK tokens are expected to go live in the market by April 2024.&nbsp;</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/starknet-reveals-1-8b-token-distribution-plan-tbt73096.html">https://thebittimes.com/starknet-reveals-1-8b-token-distribution-plan-tbt73096.html</a></p>

Starknet reveals 1.8b token distribution plan

TheBitTimes

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