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<div class="coinjournal">
 <ul>
 <li dir="ltr">Starknet to distribute 10% of network fees to developers in ‘Devonomics’ pilot.</li>
 <li dir="ltr">dApps developers to receive 8% and core developers 2% of $1,600 ETH, or $3.5 million.</li>
 <li dir="ltr">Starknet recently announced an upcoming airdrop.</li>
 </ul>
 Starknet Foundation and StarkWare, the developer of layer-2 Ethereum platform Starknet, has announced a pilot program that will incentivise developers via a $3.5 million total payout.
 According to Starknet’s&nbsp;blog post&nbsp;on Tuesday, the pilot program is dubbed “Devonomics.” With it, early Starknet developers will receive 1,600&nbsp;ETH&nbsp;accounting for 10% of all network fees.
 Beneficiaries are those to have contributed to the platform’s activities and growth since its launch in November 2021 up to November 30, 2023. Developers are to be rewarded for operating and developing the Starknet network, as well as to empower them for governance decisions.
 The program also seeks to incentivise developers to maintain and secure the blockchain platform through staking, Starkware noted.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Exciting News!@StarknetFndn + @StarkWareLtd are introducing Devonomics, a cool new program specifically for Starknet devs. Devonomics gives them 1,600+ ETH ($3.5M+), that’s ≈10% of all Starknet fees from launch until Nov 30th.
 Devonomics has 3 goals: 1️⃣ Reward devs for… pic.twitter.com/GvhIhwVjwG
 — Starknet 🦇🔊 (@Starknet) December 12, 2023
 </blockquote>
 
 <h2 dir="ltr" id="8-to-dapp-developers-and-2-to-core-developers">8% to dApp developers and 2% to core developers</h2>
 In particular, <a rel="noopener noreferrer nofollow" title="developers" href="https://thebittimes.com/tag/developers.html">developers</a> will have a share of over 1,600 <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>. Over 1,200 <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, or 8% of the fees will be distributed to <a rel="noopener noreferrer nofollow" title="developers" href="https://thebittimes.com/tag/developers.html">developers</a> of decentralised applications (dApps).
 Meanwhile, 300 <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, or about 2%, will go to Core Developers, a group that includes devs that write code for provers, sequencers, full nodes, and long-term storage providers among others. While the initial distribution is in <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, all future rewards will be in the native STRK token.
 Starknet Foundation’s launch of Devonomics adds to several other initiatives aimed at empowering key <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> stakeholders.
 Past initiatives include an early adopter grant (EAG) program, a 50 million early community member program (ECMP), <a rel="noopener noreferrer nofollow" title="developer" href="https://thebittimes.com/tag/developer.html">developer</a> partnerships (DPs) and grants to individual contributors.
 Today’s announcement also comes a few days after Starknet confirmed plans for a potential 1.8 billion STRK airdrop.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/starknet-allocates-10-of-network-fees-to-developers-tbt73463.html">https://thebittimes.com/starknet-allocates-10-of-network-fees-to-developers-tbt73463.html</a>

Starknet allocates 10% of network fees to developers

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TheBitTimes

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