The airdrops continue to come.
They behind Starknet, a layer-2 Ethereum scaling network, intends to allocate over 1.8 billion STRK tokens to community people and stakeholders, based on a comment made Friday through the Starknet Foundation.
The Starknet Foundation didn’t provide a timeline for that airdrops, stating that the very first phase from the giveaway will start “soon.”
Some 900 million STRK tokens happen to be allotted to “reward past and future contributions by users and community people.” What exact criteria will dictate which Starknet users will get individuals tokens, and the number of, hasn’t yet been announced.
An additional 900 million STRK goes towards user rebates, the Starknet Foundation stated. Planning that initiative continues to be going ahead, however it seems it’ll recoup the price of some quantity of network transaction charges for Starknet users.
Beyond individuals 1.8 billion tokens, the blockchain’s overseers also plan to distribute yet another 50 million STRK tokens to incentivize decentralized finance (DeFi) activity on Starknet. These tokens is going to be directly, not directly, and retroactively given to Starknet DeFi users, based on the Starknet Foundation.
Starknet community people were quick to celebrate the announcement, hailing it as being a significant boon for that blockchain.
And they’ve valid reason to stay in high spirits: similar airdrops produced by other blockchain projects have flooded crypto users with vast sums of dollars price of free tokens in recent days.
On Thursday, an identical airdrop by Solana-based DeFi platform Jito put $225 million price of freshly minted JTO tokens at the disposal of users and community people. Late recently, an airdrop for DeFi oracles network Pyth gave away $77 million price of PYTH tokens.
Airdrops have grown to be an more and more popular method for crypto projects—and lately, DeFi projects in particular—to attract a bigger users list and encourage loyalty among existing community people.
Starknet, which utilizes zero-understanding rollups to create on-chain Ethereum transactions faster and cheaper, has seen an explosion this season. This spring, the network’s total value locked (TVL) elevated ten-fold, from $1.45 million to in excess of $ten million. Since that time Starknet’s TVL has tripled again, to $33.84 million at writing, based on DeFi Llama.
Edited by Andrew Hayward
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