STRK Price Surges 23% as Starknet Kickstarts with Massive Airdrop, Over 140 Million Tokens Claimed
Ethereum layer-2 scaling protocol Starknet launched an airdrop of its native network token STRK today.
According to an X post, over 140 million tokens have been claimed so far by around 128,000 users at the time of writing.
Today is only the beginning! @Starknet is about to blast off!
1. @Starknet provisions are claimable NOW
2. @influenceth's Early Access starts TOMORROW
3. #StarkCityDenver on the 28th
4. EIP-4844 SOON
The FUD shall be destroyed.
— Eetherway (@Web3zy) February 20, 2024
More than 45 million STRK tokens were claimed within the first 90 minutes of the airdrop launch.
STRK began trading on several exchanges as well. The token briefly reached $7 on Binance and surpassed $5 on KuCoin within hours of its initial launch.
The STRK price is currently at $2.01, according to data from CoinMarketCap, with the token’s market capitalization valued at over $1.4 billion.
The token is available for claim by over 1.3 million eligible wallets, with Ethereum solo and liquid stakers, Starknet developers and users, and projects and developers from the Web3 ecosystem all eligible to claim STRK.
The Starknet Foundation has released a detailed token provision framework alongside its dedicated portal, which allows individuals to verify their eligibility and receive STRK tokens.
More than 700 million STRK tokens will be distributed across nine categories, reserved for governance and transaction fees. Starknet also plans to introduce staking for STRK tokens in the future.
50.1% of STRK’s supply will be allocated to the Starknet Foundation for community airdrops, grants, and donations. Additionally, 24.68% of the token’s total supply will be distributed to early contributors and investors, with the remaining 32% being assigned to StarkWare
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