Token

2024

Starknet

<ul class="news-points"> 
 <li><strong>Starknek reduces the initial unlock token to 0.64%, fueling a 13% rally for STRK.</strong></li> 
 <li><strong>New STRK distribution extends to 2027, aiming for equitable, gradual releases.</strong></li> 
 <li><strong>Market cap surges 10% to $1.52B post-announcement, reflecting renewed investor confidence.</strong></li> 
</ul> 
<p>Starknet, the layer 2 scalability solution built on <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/">Ethereum</a>, has announced a major overhaul to its STRK token unlock model. This announcement followed strong criticism by the crypto community of STRK’s initial unlock schedule.&nbsp;</p> 
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   <p lang="en" dir="ltr">Important update:<br><br>After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual. <br><br>We value this community and want to earn its trust by building great tech that…</p>— StarkWare (@StarkWareLtd) <a href="https://twitter.com/StarkWareLtd/status/1760780113057030184?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 22, 2024</a>
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<p>Starknet developer StarkWare, responded to the backlash by implementing a revised schedule with a more gradual distribution of STRK tokens. This decision was met with a positive market reaction, with the STRK token increasing in value by approximately 10%.</p>    
<h2 class="wp-block-heading" id="h-gradual-token-release-strategy"><strong>Gradual Token Release Strategy</strong></h2> 
<p>In re…</p>
<p>The post <a href="https://coinedition.com/starknet-strk-up-13-on-revised-token-distribution-schedule/">Starknet (STRK) Up 13% on Revised Token Distribution Schedule</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Starknet (STRK) Up 13% on Revised Token Distribution Schedule

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