Nostra

Alchemy

World

David

David Garai, founder of Starknet-powered crypto project Nostra, has stepped down as the CEO just days after the launch of the project’s native token, NSTR.
Nostra is a platform that allows users to lend, borrow, swap, and bridge crypto.
The project launched its token on June 17, with 100% of the total supply unlocked during the token generation (TGE) event. Meanwhile, Garai resigned as the platform’s CEO today, June 28.
“I have resigned as CEO of Nostra,” Garai said in a <a href="https://x.com/davgarai/status/1806608425943806180" target="_blank" rel="noopener noreferrer nofollow">statement</a> posted on X. “The great @RTPthefirst will take over as the day-to-day lead of Nostra Labs,” he added, referring to Nostra head of product Richard Thomas-Pryce.
You might also like: <a href="https://crypto.news/binance-ceo-projects-bitcoin-to-surpass-80000-by-2025-these-cryptos-may-follow-suit/" rel="noopener noreferrer nofollow"> Binance CEO projects Bitcoin to surpass $80,000 by 2025; these cryptos may follow suit </a>
<h2 class="wp-block-heading" id="head-of-product-to-lead-nostra-team">Head of Product to lead Nostra team</h2>
Garai said that while he is leaving to take a “lil break for the first time in four years,” Thomas-Price and the team are ready to continue building Nostra.
“Over the last 2.5 years, our team has built Nostra into the largest and most profitable protocol on Starknet, earning $2.5M annually with over $180M TVL. Of course, development doesn’t stop here,” the former CEO wrote. “Under the leadership of [Thomas-Price], Nostra (and its 12 full-time builders) will continue developing the product suite for the Super App, with Nostra Earn coming soon, as well as STRK liquid staking, for which Nostra is well positioned to be the frontrunner.”
<h2 class="wp-block-heading" id="nostra-token-price-drops-after-news">Nostra token price drops after news</h2>
Nostra launched with a total supply of 100 million NSTR tokens, 11% of which went to an airdrop targeted for the community. The project allocated 25% to the treasury, earmarked 14% for future airdrops, and handed investors and the team 26.2% and 23.8%, respectively.
There was no vesting period for the tokens.
According to data from CoinMarketCap, Nostra’s market cap is currently at $9.62 million, and its price hovers near $0.096. Garai’s resignation news has coincided with a 4% decline for NSTR. On June 17, NSTR’s price reached a high of $0.21.
You might also like: <a href="https://crypto.news/worldcoin-partners-with-alchemy-to-launch-world-chain/" rel="noopener noreferrer nofollow"> Worldcoin partners with Alchemy to launch World Chain </a>

Nostra CEO steps down days after NSTR token launch

Inhaltsverzeichnis

crypto.news

Weitere Artikel, die am 28. Juni 2024 veröffentlicht wurden

Angry Pepe Fork Unique Staking Model Draws Investors As DOGE Leads Market Resurgence – Can Cosmos...

DePinFi Creates Buzz: Analysts Discuss Solutions to DePin’s Challenges

Crypto Airdrops To Watch Out For in July

Dogecoin Price: DOGE Rebounds From Critical Support, Bullish Momentum Builds

Bitget brings Avail (AVAIL) Web3 Infra Project to Pre-market

A New Era Begins for Bitcoin: This Country Announced It Has Lifted the BTC Ban!

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!