Airdrops are coming.
According to an announcement by the Starknet Foundation on Friday, the team behind Starknet, the Layer-2 Ethereum scaling network, plans to allocate more than 1.8 billion STRK tokens to community members and stakeholders.
The Starknet Foundation did not provide a timeline for the airdrops, saying only that the first phase of the grant will begin “soon.”
About 900 million STRK tokens have been allocated to “reward past and future contributions by users and community members.” It is not yet clear which Starknet users will receive those signals, what criteria, and how many.
An additional 900 million STRK will go to user discounts, the Starknet Foundation said. Planning for that initiative is still underway, but it looks like it will return a certain amount of network marketing fees to StarNet users.
Beyond the 1.8 billion tokens, the blockchain overseers intend to distribute an additional 50 million STRK tokens to encourage decentralized finance (DeFi) activity on the STRKnet. According to the Starknet Foundation, these tokens are distributed directly, indirectly and re-actively to Starknet DeFi users.
Members of the Starknet community were quick to celebrate the announcement, hailing it as a huge boon for blockchain.
And they have reason to be in high spirits as similar airdrops by other blockchain projects have flooded crypto users with hundreds of millions of dollars worth of free tokens in recent weeks.
On Thursday, Solana-based Defi platform Jito released a similar airdrop. 225 million dollars The value of newly minted JTO tokens in the hands of users and community members. Late last month, Pyth airdropped for the DeFi oracles network He gave 77 million dollars Price of PYTH tokens.
Airdrops have become a popular way for crypto projects – and more recently, DeFi projects in particular – to attract a large user base and encourage loyalty among existing community members.
It uses Starknet Zero-knowledge scrolls To make Ethereum transactions on chain faster and cheaper, this year has already seen significant growth. This spring, the network's total value is locked (TVL). It increased tenfoldFrom 1.45 million dollars to more than 10 million dollars. Since then, StarNet's TVL has tripled, to $33.84 million as of writing. DeFi call.
Edited by Andrew Hayward.
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