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DeFi News

Starknet Token Distribution Plans Still Under Development

The foundation has said that it plans to distribute STRK tokens to certain users and contributors for past activity on the Starknet network.

Written By Jahnu Jagtap
Published 2023-12-01·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
Starknet's Plan Unveiled To Distribute 1.8B Tokens As Reward

The Starknet Foundation has clarified that the proposed token distribution plans are still under development and that no final decisions have been made. This comes after screenshots of a possible provisions portal were shared on social media, leading to speculation about the token distribution process.

We have seen that a preview of an iteration of a possible provisions portal has been shared on social media. As noted a year ago in the original announcement of the STRK token, the Starknet Foundation is developing plans to distribute the token to certain users/contributors for…

— Starknet Foundation (BTCFi arc) (@StarknetFndn) December 1, 2023

In a statement posted on Twitter, the foundation stated that the screenshots contained draft plans that are still being worked on and that the final criteria and details around the provision allocations will be shared when they are ready. 

The foundation also warned users to beware of scams and to only follow information on their official channels.

SRT Token Eligiblity
SRT Token Eligiblity

The Starknet token, STRK, was announced in November 2022. The foundation has said that it plans to distribute STRK tokens to certain users and contributors for past activity on the Starknet network.

However, the specific criteria for eligibility and the exact amount of tokens to be distributed have not yet been finalized.

The foundation has said that it is committed to distributing STRK tokens in a fair and transparent manner. However, it has also emphasized that the token distribution process is still in development and that changes may be made to the plans.

Also Read: Starknet Rewards 50 million STRK Tokens to Early Contributors

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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