Token

Starknet

Impact

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/starkware-adjusts-token-release-schedule-for-enhanced-stability">StarkWare Adjusts Token Release Schedule for Enhanced Stability</a><br></p>
<p style="text-align: justify">StarkWare, a key player in blockchain technology, has announced a significant revision to the unlocking schedule for the Starknet (STRK) token. This move comes in response to community feedback, aiming to foster a more stable ecosystem by preventing a mass exit by initial contributors. Instead of a large and rapid token release, the company has opted for a staggered approach, distributing tokens over a three-year period.</p> 
<h2 id="restructured-token-release-framework">Restructured Token Release Framework</h2> 
<p style="text-align: justify">In a bold response to recent community concerns, StarkWare has restructured the STRK token release strategy. Starting April 15, the updated plan will see the gradual release of $125.5 million worth of STRK tokens, amounting to 0.64% of the total supply. The monthly distribution of 64 million tokens will continue for a year, subsequently increasing to 127 million tokens per month for the following two years.</p> 
<p style="text-align: justify">The initial tokenomics strategy had envisaged unlocking over 1.3 billion STRK tokens, about 13% of the supply worth $2.5 billion, within two months post-launch. The revision reduces the amount to be unlocked by the end of 2024 to 580 million tokens, as opposed to the previously planned 2 billion.</p> 
<h2 id="market-impact-and-airdrop-event-outcomes">Market Impact and Airdrop Event Outcomes</h2> 
<p style="text-align: justify">The original unlock plan raised concerns about market stability, with fears that investors could cash out rapidly, using the individual users as exit liquidity. Following the announcement, STRK’s value experienced a rebound, climbing above $2, and registering a 5% increase.</p> 
<p style="text-align: justify">The STRK airdrop event on launch day saw intense activity with significant initial buying. To date, over 436 million STRK tokens have been claimed, which is about 94% of those available. Starknet’s total value locked also surged, surpassing $118 million, marking a milestone for the platform.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/starkware-adjusts-token-release-schedule-for-enhanced-stability">StarkWare Adjusts Token Release Schedule for Enhanced Stability</a></h5>

StarkWare Adjusts Token Release Schedule for Enhanced Stability

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