Ethereum

Foundation

<div class="dailyhodl">
 <p>The Ethereum (ETH) layer-2 scaling project Starknet plans to kick off its first token allocation this month.</p>
 <p>In a new announcement, the project notes it will distribute more than 700 million Starknet tokens (STRK) to nearly 1.3 million addresses starting on February 20th.</p>
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 <p>Eligible individuals and groups will have four months to claim their tokens, and unclaimed STRK will be distributed in future rounds.</p>
 <p>The Starknet Foundation says the tokens will be allocated to community members and used for paying transaction fees, staking and governance.</p>
 <p><em>“STRK will be distributed to individuals and groups that have helped to lay down the roots of Starknet. This includes Starknet users, developers, and community contributors; StarkEx users; Ethereum protocol contributors and stakers; and developers of select non-crypto open-source projects.”</em></p>
 <p>The&nbsp;Starknet&nbsp;is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) roll-up.</p>
 <p>Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. The&nbsp;two types of rollups are optimistic rollups and ZK rollups. Optimistic rollups automatically assume transactions are valid, while ZK rollups run computations off the chain and then submit a validity report.</p>
 <p>Starknet plans to devote 1.8 billion STRK tokens to the community in total, according to the project’s recent announcement.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-layer-2-starknet-to-distribute-over-700-000-000-strk-tokens-starting-this-month-tbt79948.html">https://thebittimes.com/ethereum-layer-2-starknet-to-distribute-over-700-000-000-strk-tokens-starting-this-month-tbt79948.html</a></p>

Ethereum Layer-2 Starknet To Distribute Over 700,000,000 STRK Tokens Starting This Month

TheBitTimes

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