Layer 2 (L2) scaling platform StarkNet has completed coin preparations on the Ethereum mainnet.
StarkNet, which the crypto industry is eagerly waiting for, has deployed its ecosystem coins on the Ethereum network. The creator of the project, StarkWare, announced the development with a share that draws attention to scams. StarkWare has not yet put the coins for sale in order to develop and grow the ecosystem of the project it developed. The nonprofit StarkWare Foundation is acting cautiously in the wake of recent events.
StarkWare Releases StarkNet Coin (STRK)
StarkWare Foundation, which has spent a lot of time on the development of the project, took an important step for STRK, which it announced in July. The team made the coins available on the Ethereum mainnet.
STRK aims to create a decentralized network through voting, staking and paying fees. The launch for Coin, the active developer community of the network, and strong support from funding rounds have strengthened the project.
StarkNet revealed details about the coin via a blog post. Stating that STRK is not yet available for sale, the team also underlined that the mechanism for distributing the Foundation’s tokens has not yet been determined.
In the coin distribution program, attention was paid to the coins to be distributed to StarkWare shareholders, employees and independent co-developers. Accordingly, the coins to be distributed will be released gradually after one year. In addition, the distribution will be locked for a period of four years.
In addition, StarkWare recently stated that StarkNet Foundation will receive 50.1% of new coins. According to this percentage, it will receive 5.01 billion STRKs.
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