According to the statements, the token launch of StarkNet, which has been expected for a while, will take place soon. The token will have various functions for the altcoin project. However, investors are more interested in the airdrop.
StarkNet’s STRK token set for launch
Citing a recent article by StarkNet wallet Braavos, crypto reporter Wu Blockchain announced that StarkNet’s STRK Token will be released soon and will be available to the public. The token went through the distribution process on Ethereum, which took about 12 months. STRK Token will serve many ancillary purposes including governance, staking and payment of gas fees. The launch aims to expand the project’s ecosystem and encourage user engagement. In this context, Wu Blockchain shared the following for the development of the altcoin project:
StarkNet wallet Braavos has published the latest article stating that the StarkNet STRK Token will soon be released and go public after nearly 12 months of deployment on Ethereum. STRK Token can be used for governance, staking and payment as Gas fee.
StarkNet wallet Braavos published the latest article stating that after nearly 12 months of deployment on Ethereum, StarkNet STRK Token will soon be launched and open to the public; STRK Token can be used for governance, staking and payment as Gas fee. https://t.co/un2b1wUDTD
— Wu Blockchain (@WuBlockchain) August 28, 2023
Altcoin project token allocation and airdrop rumors
StarkNet, a blockchain network with an impressive $8 billion valuation, is making waves in the crypto community with its upcoming token airdrop. According to Cyclop, the airdrop will be one of the biggest ever. Also, the altcoin has garnered a lot of attention due to its generous allocation to community members. Meanwhile, the team has not yet disclosed details about the airdrop. However, team members made some statements that there would be an airdrop before.
Although the STARK token has been approved for a while, it seems to have been ignored by many. The token supply is allocated in a way that greatly supports the growth of the altcoin community and ecosystem:
- 9% to Community Members: A significant portion of the total supply is reserved for the community.
- 10% for Ecosystem Activities: This is aimed at promoting growth and development within the StarkNet ecosystem.
- 81% for More Community Support: An additional allowance to further support community engagement and activities.
Participants looking for strategies to get a slice of the pie
StarkNet has a valuation of $8 billion and a user base of less than 800,000. Given this situation, the airdrop is expected to be significant. Some calculations show that the average airdrop among the top 25% of users could be around $4,000. This situation causes the interest in the altcoin project to increase. Many people are looking for strategies to get a slice of the pie.
As you follow on Kriptokoin.com, the first unlock date for the STARK token has been announced as November 29. The Preje team will unlock the tokens over a four-year period. Tokenomics published by StarkNet will explain certain details on this subject. The StarkNet airdrop is shaping up to be a massive event in the crypto space.
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