Airdrop of STRK Token Set for February 20th
On Wednesday, the Starknet Foundation announced that the airdrop of the STRK token, the native token of the Ethereum layer 2 blockchain Starknet, will take place on February 20th. Approximately 1.3 million wallets are eligible to receive a share of the 728 million tokens that will be made available. Qualified users have until June 20th to claim their tokens, and the fees associated with the claim will be covered by the Starknet Foundation.
Starknet, which utilizes Zero-Knowledge (ZK) technology, intends to use the STRK token to encourage community participation and project governance. The eligibility criteria for the airdrop are divided into three main groups: Starknet users, ecosystem developers and contributors, Ethereum builders and stakers, and non-web3 open-source developers.
Inclusivity and Future Provisions
This distribution includes groups outside of the immediate Starknet ecosystem, such as solo Ethereum stakers and users of liquid staking tokens, reflecting Starknet’s security provided by Ethereum. Additionally, this is the first time that non-web3 open-source developers are eligible for an airdrop, marking the foundation’s effort to establish inclusivity.
STRK Anticipated to Surpass Billion-Dollar Market Cap
The anticipated value of the STRK token suggests an initial market capitalization of over 1 billion dollars, according to pre-launch futures on the decentralized exchange Aevo, which indicate an initial price of $1.65 per token. This implies a fully diluted market capitalization of over 16 billion dollars, considering the entire token supply of the project.
