2024-02-16 19:22:19
One of the most anticipated airdrops of 2023 was Starknet, which finally disclosed the details of the distribution of STRK tokens last December. The zero-knowledge Ethereum Layer 2 scaling solution launched its non-transferable and non-tradable token in November 2022, and since then nearly 2,000 eligible airdrop hunters have simply disappeared.
Everything you need to know about Starknet
Behind Stark’s Ethereum Layer 2 scaling solution is the StarkWare development team, which involved partners such as Paradigm, Sequoia and Pantera in its $260 million project. Based on the announcement of the Starknet foundation, it intends to distribute 900 million pieces of the total 10 billion STRK token stock to users and community members who have shown their past and future contributions and commitment to the project.
Basically, the hype surrounding an airdrop typically reaches the masses at the end of the development and use time frame or after it has been completed, and this was no different in the case of Starknet. Starknet users are entitled to acquire STRK tokens if they have completed transactions worth $100 on the network at least five times over a period of 3 months before the end of 2022.
Speculations around the STRK token airdrop intensified in January after the Alpha v0.13.0 version update took place on the mainnet, which was supported by 99.86% of the community. The Starknet team announced its intention to airdrop in December 2023, but has not announced a schedule – until now.
According to Techopedia, at least 700 million tokens will be distributed in the coming months. On February 14, the Starknet foundation announced its upcoming airdrop, during which 1.3 million Ethereum wallets will become eligible to receive STRK tokens. It is possible to receive it until the end of June 2024, and early users can check their eligibility on the blog of the STRK Foundation.
Where did the beneficiaries go?
Panteg Cryptocommentary (@bantg) shared with his 178,000 followers on Twitter that nearly 2,000 – more precisely, 1,854 – airdrop participants renamed or deleted their accounts. Although 1,854 is a small number out of all the eligible ones, it is still a significant number, considering that Starknet really enjoys almost as much hype as Celestia, Dymension or Arbitrum. On Banteg’s Twitter interface, one user suggested that the airdrop permission should be declared with a user ID instead of a username in order to eliminate this problem. The cryptocomment added to the situation that half of the “disappeared” users are on the list without authorization, and Banteg expressed his concern that these are squatters – in Hungarian: a person who lives on someone else’s property without permission – users should not even receive from Starknet’s airdrop.
According to information from Decrypt, users who used the Starknet network before November 15th can expect 500 – 180,000 STRK tokens per wallet, depending on activity and amount. The total is 728 million tokens it is expected to reach a market capitalization of 1-1.2 billion dollars, which would mean that the price of the STRK token would debut between $1.37 and $1.65. On the Aveo protocol, the STRK token is currently trading for $1.79 pre-market, yesterday it reached $1.90 on the STRK/USD pair.
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