Starknet will finally airdrop on the 20th. In the first round of token distribution, approximately 1.3 million wallets will be eligible to receive STRK tokens, making it the most extensive airdrop to date. This shows the inclusiveness of Starknet. Let’s take a deeper look at the background and distribution details of its airdrops.
(Previous summary: The founder of Scroll blasted the StarkNet robbing party as “a group of beggars”, and the community counterattacked: Even if the airdrop is not taken, the project team will be killed)
(Background supplement: Starknet will issue coins in Q1 next year. Which ecological projects can be used for ambush airdrops? )
The long-awaited Starknet airdrop is finally here.
Starknet’s native token STRK will be distributed through the Starknet Foundation Provisions program (Starknet airdrop program) starting on February 20. In the first round of token distribution, approximately 1.3 million wallets will be eligible to receive STRK tokens, and the collection period will last four months until June 20.
It is understood thatThis STRK airdrop is the broadest individual token distribution to date, and Starknet is also the first L2 project to distribute tokens to independent Ethereum stakers, Ethereum LSD holders, and non-Web3 developers.Today, the Starknet Foundation will release the official Provision distribution summary and provide users with an inquiry portal to check distribution qualifications.
STRK airdrop distribution details
This round of Starknet Provisioning project is led by the Starknet Foundation. The Starknet Foundation (SNF) is headed by London-based Diego Oliva as CEO and focuses on the research, development and growth of Starknet and its supporting technologies. SNF works to promote broad adoption of Starknet, encourage community participation, and support project governance. SNF stated that all the work of Starknet is to expand the capabilities of Ethereum so that it can meet daily use on a global scale, while adhering to the core value of decentralization.
SNF CEO Diego Oliva told BlockBeats, “The STRK token was born to allow STARK-based expansion to be carried out in a more decentralized manner. The token design helps Starknet be operated and managed by the community, and the airdrop is the A powerful means to achieve this goal. Of course, decentralization is a process that takes time and is completed step by step, and this step is very important.” Olivia added, “The airdrop is a tribute to the hard work of community members. It shows why we and How to scale the suite of Ethereum capabilities for mass adoption. In line with traditional ideas of decentralization, this token distribution enables the community to shape the future of Starknet.”
In addition, StarkWare CEO Ben-Sasson also told BlockBeats: “The Provision project marks a new stage of more decentralization for Starknet. It stimulates people’s curiosity about Starknet, promotes the learning and use of Cairo, and makes The community has grown significantly. More and more developers are adopting Cairo, realizing that a new era of extensibility means a new language is needed.”
Airdrop allocation and qualifications
SNF calls the token distribution plan “Provisions” rather than “Airdrop”. The main objects of this token distribution are Starknet supporters, Ethereum ecological supporters, and non-Web3 developers.
StarkWare CEO Ben-Sasson told BlockBeats that Starknet is committed to expanding the scale of Ethereum, and delivering economic incentives to those who promote this goal is the top priority of this allocation.
There will be a large allocation of tokens to those who build projects on Starknet and those who actively participate and encourage more people to join. After all, it is they who drive this virtuous cycle and make the Starknet community stronger.
1. Starknet ecosystem supporters and users:
a) Developers and users will automatically qualify based on retroactive activities;
b) Starknet community members; those who participate early and record their behaviors (coding, event organization, etc.) will have the opportunity to apply for the early community member program. Over 2,000 people can receive Provisions as part of the Early Community Membership Program (ECMP). Those who rank highest among the allocation criteria will receive a massive allocation of 180,000 tokens.
c) Popular dApp users; since the launch of StarkEx in 2020, community members have been testing STARK-based technology, so many people who interact with dApps supported by StarkEx, such as dYdX, ImmutableX, Rhinofi and Sorare, etc. will have Eligibility for token distribution
2. Ethereum builders and stakers:
a) Ethereum builders; Starknet is secured by Ethereum, and many Ethereum contributors are also eligible, including Protocol Guild members, EIP authors, and a large number of developers.
b) Ethereum network security maintainers; Ethereum stakers, including individual stakers who participated before and after the creation of the beacon chain, and many users who hold liquid pledged tokens can also obtain Provisions.
3. Non-Web 3 open source developers:Based on GitHub project contributions, SNF also reserves Provisions for many open source developers outside the blockchain field. According to the SNF, the purpose of this move is to set a new precedent in terms of inclusivity.
In this airdrop, Starknet users will receive 51.33% of the token share, ETH pledgers will receive 21.99%, and StarkEx users and Starknet ECMP members will receive 9.62% and 9.05% of the token share respectively. Please see the figure below for detailed allocation proportions:
As a Starknet user who obtains the maximum token quota, the number of STRK received by a single address will be between 500 and 10,000. The basic conditions for obtaining air investment qualifications include:
In addition, the specific quota of a single address will also be increased by 7 points according to the point rules, based on the user’s usage time, total transaction amount and total number of interactive contracts. in:
Please see the figure below for specific token quota and points rules:
Starknet Token Economics
Starknet was revealed in mid-2022Tokenomics the maximum total supply of STRK tokens is 10 billion, of which:
- 17% allocated to StarkWare investors; 32.9% allocated to core contributors, including StarkWare, its employees and advisors, and Starknet software development partners;
- 50.1% is distributed by the StarkWare Grant Foundation, of which 9% is allocated as community provision (Community Provisions), applicable to those who work for Starknet and provide support or development for its underlying technology;
- 9% is used as community rebates (used to partially cover the cost of joining Starknet from Ethereum); 12% is used to fund research and work in developing, testing, deploying and maintaining the Starknet protocol;
- 10% is used as a strategic reserve to fund ecosystem activities consistent with the foundation’s mission;
- 2% is determined by Starknet token holders and the foundation and donated to highly respected institutions and organizations such as universities, NGOs, etc.;
- 8.1% is unallocated to further support the Starknet community in a community-determined manner.
All tokens allocated to core contributors and investors will be subject to a 4-year lock-up period (linear release after one year of full lock-up).
Notes on airdrop distribution and collection
It should be noted that users who receive airdrops need to use their own Starknet walletTo receive Provisions tokens, users can Braavos or Argent Create and update wallet. According to BlockBeats, SNF will try its best to exclude user wallet addresses from the Provisions plan for the purpose of obtaining token distribution.
The Provisions program is just one of many important initiatives to support the Starknet ecosystem. Other programs worthy of attention include the Devonomics program launched in December last year, as well as upcoming rebates and subsidies. For users who fail to meet the conditions for this airdrop, they can continue to participate and receive future Provisions program airdrops.
In addition, as the popularity of the encryption market continues to rise, hacker attacks such as phishing have become more frequent. Users should be careful not to randomly click on links other than the official Starknet website or Twitter to avoid property losses. Stay SAFU & WAGMI!
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2024-02-14 09:34:14
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