{"id":39027,"date":"2023-10-31T09:27:16","date_gmt":"2023-10-31T09:27:16","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/starknet-foundation-rewards-early-contributors-with-strk-tokens-before-trading-unlock\/"},"modified":"2023-10-31T09:27:19","modified_gmt":"2023-10-31T09:27:19","slug":"starknet-foundation-rewards-early-contributors-with-strk-tokens-before-trading-unlock","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=39027","title":{"rendered":"Starknet Foundation Rewards Early Contributors with STRK Tokens before Trading Unlock"},"content":{"rendered":"<div>\n<figure id=\"attachment_123800\" aria-describedby=\"caption-attachment-123800\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-123800\" class=\"wp-caption-text\">Source: Starknet<\/figcaption><\/figure>\n<p>The Starknet Foundation has taken a step to acknowledge the early contributors to its network by allocating 50 million STRK tokens. This gesture comes even though these tokens are locked and not yet tradable until April 2024.<\/p>\n<p>Starknet, a Layer-2 blockchain network built atop Ethereum, aims to enhance scalability and reduce costs without compromising on security. The Starknet Foundation was established in November 2022, after the initial developer, StarkWare, minted 10 billion STRK tokens. The foundation aims to support the continued growth and development of the Starknet ecosystem.<\/p>\n<p>To reward the early contributors who have significantly shaped the ecosystem, the Starknet Foundation launched the Early Community Member Program (ECMP). The initiative seeks to recognize and compensate individuals who have fueled discussions, organized events, or created Starknet-centric content, shedding light on the diverse ways community members have driven the network\u2019s development. A Starknet\u2019s blog post specified the eligible contributors as follows:<\/p>\n<p>\u201cSignificantly contributed to technical discourse in the community;\u201d<br \/>\u201cListed by key projects of the ecosystem;\u201d<br \/>\u201cOrganized events around the world (meetups, conferences, workshops);\u201d<br \/>\u201cRegularly published Starknet branded content.\u201d<\/p>\n<p>The Starknet Foundation was allocated 50.1% of the 10 billion minted STRK tokens, with 32.9% allocated to contributors and 17% to investors. Through the ECMP, the Foundation aims to distribute the tokens to maintain and grow the network\u2019s community.<\/p>\n<figure id=\"attachment_123801\" aria-describedby=\"caption-attachment-123801\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-123801\" class=\"wp-caption-text\">Starknet\u2019s Total Value Locked \/ Source: L2Beat<\/figcaption><\/figure>\n<p>Starknet currently ranks sixth among Layer-2 blockchain networks on Ethereum with $137 million of deposits (total value) locked.<\/p>\n<p>Starknet (STRK) token was initially scheduled to release on November 29, 2023, yet its developer StarkWare has postponed its release and rescheduled it to April 15, 2024.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/starknet-foundation-rewards-early-contributors-with-strk-tokens-before-trading-unlock.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Starknet The Starknet Foundation has taken a step to acknowledge the early contributors to its network by allocating 50 million STRK tokens. This gesture comes even though these tokens are locked and not yet tradable until April 2024. Starknet, a Layer-2 blockchain network built atop Ethereum, aims to enhance scalability and reduce costs without [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-39027","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Starknet Foundation Rewards Early Contributors with STRK Tokens before Trading Unlock | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: Starknet The Starknet Foundation has taken a step to acknowledge the early contributors to its network by allocating 50 million STRK tokens. 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