Ethereum

Token

DeFi

<div class="intro-text">
 StarkWare has announced that it will begin distributing its highly anticipated STRK tokens to qualified community members o<a style="color: #0000ff;" href="https://www.starknet.io/en/content/starknet-provisions-program" rel="noopener noreferrer nofollow">n February 20</a>, 2024.
</div>
In a February 14 release, the protocol’s development team revealed that it will distribute its new token to over 1.3 million eligible wallets.&nbsp;
The team further mentioned that the STRK token will be distributed to both Ethereum developers as well as non-Web3 open-source software developers as a gesture of recognition for their contributions towards the development of the protocol.
Recipients of the STRK token will have access to the StarkNet blockchain <a href="https://community.starknet.io/t/starknet-foundation-delegation-for-the-first-vote/11820?page=2" rel="noopener noreferrer nofollow">and will be able to vote on important decisions related to the protocol’s development.</a> This gives them a real stake in the network’s future. The token will serve as a crucial element in the network’s security, similar to the role of ether on the Ethereum mainnet.
The StarkNet community members are encouraged to visit a <a style="color: #0000ff;" href="https://provisions.starknet.io" rel="noopener noreferrer nofollow">specialized porta</a>l to check their eligibility and learn how to claim the tokens. A Starknet wallet will be required to claim STRK through this portal, and the users were advised to ensure that they have the latest version of the wallet installed and their account is up to date if they already have a Starknet wallet.
According to Diego Oliva, CEO of the Starknet Foundation (SNF), the upcoming distribution is designed to set a new standard for inclusivity within the digital asset space. Oliva believes this will be a major step forward for the industry, and the token distribution will be a game-changer for all involved.&nbsp;
In terms of performance, Starknet’s transaction fees, as per <a style="color: #0000ff;" href="https://l2fees.info/" rel="noopener noreferrer nofollow">L2Fees data</a>, are around ten times lower than those on Ethereum. Despite this cost advantage, Starknet has achieved substantial growth, reaching a total value locked (TVL) of $56 million, marking a new peak for the network.
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<blockquote class="twitter-tweet">
 The Starknet Provisions Program is designed for a broad distribution of STRK to those who’ve substantially contributed to Starknet.
 Here are a few relevant details:
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;">1.3 million addresses.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;">50% of the token distributed to Starknet users.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;">Ethereum stakers until the Merge,… <a href="https://t.co/mANrSYHeG9" rel="noopener noreferrer nofollow">pic.twitter.com/mANrSYHeG9</a>
 — Starknet <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Starknet) <a href="https://twitter.com/Starknet/status/1757685565669925215?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a>
</blockquote>
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The post <a href="https://defi-planet.com/2024/02/starkware-to-launch-strk-token-distribution-on-february-20/" rel="noopener noreferrer nofollow">StarkWare to Launch STRK Token Distribution on February 20</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

StarkWare to Launch STRK Token Distribution on February 20

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