Despite the speculation on the portal screenshots, the Starknet token distribution is not yet complete.

Despite The Speculation On The Portal Screenshots, The Starknet Token Distribution Is Not Yet Complete.


The Starknet Foundation moved quickly to debunk the speculation surrounding the early iteration of the distribution portal screenshots.

The foundation is still planning to distribute the information shared with Cointelegraph to a limited number of users, contributors and investors before the announcement by X (formerly Twitter). Ethereum's Layer 2 Scale Network has previously outlined initial plans for a July 2022 Starknet token design.

The screenshots shared online are labeled as “Draft plans still under construction.” A Starkware spokesperson told Cointelegraph that the details of the official requirements and the delivery method of STRK tokens will be shared after the company finalizes it.

“The termination of any criteria used to determine who may receive tokens or how many tokens have been previously held, and no action or activity may in any way affect eligibility.”

The company stressed that community members should be aware of any potential scams that may take advantage of any uncertainty surrounding the distribution of STRK tokens.

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Related: Ethereum L2 Starknet aims to decentralize core parts of its benchmark network.

Various X users have reposted screenshots of early iterations of the Starknet token provisions portal and additional information indicating specific requirements for receiving STRK tokens.

Another image circulating online with missing text and typos shows that GitHub developers, Ethereum early adopters and stakeholders, as well as Starkex users may be eligible for STRK tokens under certain criteria. This information conflicts with the initial distribution plans shared by StarkWare in 2022.

Another screenshot has been circulated on social media which shows additional eligibility requirements for the proposed STRK token distribution. (Source: X (ex-Twitter)

Starkware's first post detailing plans for STRK tokens claims ten billion tokens have been released off-chain. This includes a disclaimer stating that STRK Tokens do not represent equity in StarkWare, participatory rights in StarkWare, or claims from the Company.

Related: More TPS, Less Gas: Ethereum L2 Starknet Lists Performance Improvements

Initial plans for the token allocation are 17% to StarkWare investors and 32.9% to core contributors, including StarkWare employees, consultants and StarkNet developer partners. The remaining 50.1% was given to the Starknet Foundation and was decided to be distributed for various occasions as per the script below.

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Starknet has previously emphasized that it provides infrastructure and decentralized applications (DApps) developers and other contributors to the security of the ecosystem.

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