Token

Solana

Bitcoin ETF

<p>Starkware co-founder Eli Ben-Sasson hit back against criticism that it’s rushing the unlocking of Starknet (STRK) tokens to be airdropped to investors next week.</p>
<p>Starkware plans to unlock more than 1.3 billion <a href="https://insidebitcoins.com/news/starknet-to-airdrop-strk-tokens-to-1-3-million-wallets-next-week" target="_blank" rel="noopener noreferrer nofollow">STRK tokens</a>, equivalent to more than 13% of the total supply, on April 15, barely two months after the airdrop to investors and contributors that’s planned for Feb. 20.</p>
<p>That’s a deviation from standard industry practice where crypto tokens allocated to the project’s team and contributors are locked for a lengthy period like a year. This practice ensures the team has a long-term commitment to the project, and helps prevent volatility of the new tokens.</p>
<p>The two-month period set by Starkware for the <a href="https://www.starknet.io/en" rel="noopener noreferrer nofollow">Starknet</a> tokens is now raising concerns, with one crypto user on X calling it “scammy” tokenomics.</p>
<p>“If u don’t think this is borderline criminal, I don’t know what to tell you,” said another user, Wazz, on the social media platform.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Retail investor sees emerging blockchain tech. Buys some, plans to hold long term</p>
 <p>2 months later mcap triples, u have no idea why but ppl who minted tokens for FREE are dumping on u</p>
 <p>Sorry but if u don't think this is borderline criminal I dont know what to tell you. <a href="https://t.co/jVRtBdRKP1" rel="noopener noreferrer nofollow">https://t.co/jVRtBdRKP1</a></p>
 <p>— Wazz (@WazzCrypto) <a href="https://twitter.com/WazzCrypto/status/1757769284615365097?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="starkware-ceo-dismisses-critics">Starkware CEO Dismisses Critics</h2>
<p>Still, Ben-Sasson told Decrypt in an interview that the deviation from industry practices for the STRK airdrop was a strength, not a weakness.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Starkware co-founder Eli Ben-Sasson said in an interview with Decrypt that although more than 1.3 billion STRK tokens (valued at more than $2.15 billion) will be unlocked in April, he believes this will not cause harm to the community and the team’s main focus is Drive the…</p>
 <p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1757987378340475156?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Starkware is already trusted by users and does not need lengthy token locks, he said, adding that Starkware’s 150-employee base was committed to advancing the project.</p>
<p>He also dismissed the notion that lengthy token unlocks prevent price volatility, arguing that the price could also plunge after a one-year lock up.</p>
<p>The former professor at the Israel Institute of Technology in Haifa believes in rewarding investors and contributors early, saying there was no risk of his team taking advantage of the airdrop structure.</p>
<h2 id="watch-out-for-this-other-airdrop">Watch Out For This Other Airdrop</h2>
<p>Another airdrop being closely watch by investors is one planned by <a href="https://insidebitcoins.com/visit/smog" target="_blank" rel="noopener noreferrer nofollow">SMOG</a> that it’s team says will be the greatest in history. The Solana-based meme coin has allocated 35% of the token’s supply for airdrops. The specifics of that airdrop will be shared soon.</p>
<p>Smog is up 25% in the past 24 hours to trade at $0.05243 as of 8:00 a.m. EST.</p>
<h2 id="also-read">Also Read:</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/jupiter-price-prediction-jup-soars-11-but-still-gets-overshadowed-by-this-new-solana-meme-coin-that-analysts-liken-to-bonk" rel="noopener noreferrer nofollow">Jupiter Price Prediction: JUP Soars 11% But Still Gets Overshadowed By This New Solana Meme Coin That Analysts Liken To Bonk</a></li>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-pumps-6-to-break-52k-as-coinshares-says-bitcoin-etf-inflows-hit-4-billion-and-bitcoin-minetrixs-presale-breaks-10-9-million" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BTC Pumps 6% To Break $52K As CoinShares Says Bitcoin ETF Inflows Hit $4 Billion And Bitcoin Minetrix’s Presale Breaks $10.9 Million</a></li>
 <li><a href="https://insidebitcoins.com/news/pandora-price-prediction-pandora-plummets-19-as-erc-404-mania-sees-ethereum-gas-fees-at-8-month-high-and-traders-turn-to-this-new-solana-meme-coin-for-explosive-gains" rel="noopener noreferrer nofollow">Pandora Price Prediction: PANDORA Plummets 19% As ERC-404 Mania Sees Ethereum Gas Fees At 8-Month High And Traders Turn To This New Solana Meme Coin For Explosive Gains</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 50% APY</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Starkware CEO Hits Back At Criticism That Starknet (STRK) Token Airdrop Unlock Is ”Scammy”

Table of Contents

Inside Bitcoins

Outros artigos publicados em 15 de fev. de 2024

MicroStrategy's Bitcoin holdings surpass $10 bln, profit tops $4 bln

XRP Sees Remarkable Growth in Trading Volume and Price Surge

Bitcoin Climbs to New Heights as Altcoins Gear Up for Potential Gains

Cardano’s ADA Historic Breakout From This Level Could Launch a Massive Bull Run to $8

Crypto trendsetters who ignited Solana’s 1000% rally in 2023 have moved on to this SOL competitor...

AI-Powered Gaming Platform Ultiverse raised $4 Million at $150 Million Valuation

Join our free newsletter for daily crypto updates!