Starknet to hand out 50 million STRK tokens to early ecosystem contributors

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By BitcoinWiki News

Key Takeaways:

– The Starknet Foundation is allocating 50 million STRK tokens to early ecosystem contributors.
– The program, called the Early Community Member Program, will reward individual contributors who encouraged technical discussion, organized events, and published Starknet-branded content.
– Individuals and projects must apply for the grant and provide details of their contributions.
– The foundation will hold back some tokens in case it misses out on contributors.
– The program is not available in the U.S. or to U.S. citizens.
– Ten billion Starknet tokens have been minted but are not yet available to token holders.
– These tokens are expected to be released on April 15, 2024.
– Most of the tokens were allocated to the Starknet Foundation, with others allocated to core contributors and investors.
– The ECMP program is part of the plan to distribute tokens allocated to the foundation.
– Starknet is a permissionless Layer-2 scaling solution for Ethereum that uses zk-STARKs proofs.
– This summary is provided for informational purposes only and does not constitute legal, tax, investment, financial, or other advice.


The Starknet Foundation is planning to distribute 50 million of its upcoming STRK tokens to early contributors in the ecosystem. This program, called the Early Community Member Program, aims to reward individuals who have actively participated in technical discussions, organized Starknet-related events, and regularly published content related to Starknet. Interested individuals and projects will need to apply for the grant and provide details of their contributions. The foundation will reserve some tokens in case it misses any deserving contributors. However, the program will not be available to individuals or projects based in the United States or U.S. citizens.

The Starknet tokens are set to unlock on April 15, 2024. A total of ten billion STRK tokens have been minted, with the majority allocated to the Starknet Foundation. Core contributors received 32.9% of the tokens, while investors were allocated 17%. The Early Community Member Program is part of the foundation’s plan to distribute the tokens allocated to it, although they do not define this distribution as an airdrop.

Starknet is a permissionless Layer-2 scaling solution for Ethereum. It aims to achieve high throughput and low gas costs while maintaining the security of the Ethereum mainnet by utilizing zk-STARKs (zero-knowledge succinct argument of knowledge) proofs.

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