2024-02-23
Original token unlocks.
StarkWare the developer of Starknet planned to unlock 1.34 billion STRK tokens (13.4% of token supply) on April 15, 2024.
These tokens belong to early contributors, team, and investors.
Criticism.
13.4% of token that will unlock
1.34 billion STRK tokens on April 15, faced heavy criticism from Starknet
community.
StarkWare listened to the feedback and decided to revise the token unlock schedule.
StarkWare made change to STRK token
unlock schedule.
Under the new unlock schedule.
StarkWare will unlock 64 million STRK tokens (0.64% of total supply) every
month until March 15, 2025. Starting from on April 15.
After March 15, 2025, StarkWare will unlock 127 million STRK tokens (1.27%) every month. 127 million STRK tokens will be released every month for another two years (24 months).
Other token unlocks.
1.4 billion STRK will be gradually
unlocked by the end of 2025
1.5 billion STRK will be unlocked by
the end of 2026.
380 million STRK will be unlocked by
March 15, 2027.
There will be approximately 4.620 billion
STRK tokens circulating supply by March 15, 2027.
STRK token distribution.
STRK token has a total supply of 10
billion tokens. The token uses for paying transaction fees, staking, and
governance.
|
20.04% |
Early
Contributors |
Tokens
allocated for StarkWare’s team members and early contributors. These tokens
are subject to a lock-up schedule, as further detailed below. |
|
18.17% |
Investors |
Tokens
allocated for StarkWare’s investors. These tokens are subject to a lock-up
schedule, as further detailed below. |
|
10.76% |
StarkWare |
Tokens
allocated for StarkWare for operation services such as to pay fees, provide
other services on Starknet, and engage other service providers. |
|
12.93% |
Grants
including Development Partners (aka DPs) |
Tokens
allocated for grants for research or work done to develop, test, deploy and
maintain the Starknet protocol. The process for applications and allocations
related to Starknet Foundation Grants will be outlined in a post at a later
date. |
|
9.00% |
Community
Provisions |
Tokens
distributed to those who contributed to Starknet and powered or developed its
underlying technology. |
|
9.00% |
Community
Rebates |
Tokens
allocated for rebates in Starknet tokens to partially cover the costs of
onboarding to Starknet from Ethereum. Community rebates are not yet available
and will be announced in 2024 in a subsequent post. |
|
10.00% |
Foundation
Strategic Reserves |
Tokens
allocated for the Starknet Foundation to fund ecosystem activities that are
aligned with the Foundation’s
mission. |
|
8.10% |
Foundation
Treasury |
Token
allocated for the Starknet Foundation’s treasury available for operations and
other future initiatives by the Starknet Foundation. |
|
2.00% |
Donations |
Tokens reserved for donations to institutions and organizations, such as universities, NGOs, etc, as decided by the Starknet Foundation. |
docs.starknet.io/documentation/Economics-of-Starknet/
Starknet is an Ethereum layer 2 scaling
solution. It uses ZK-Rollup technology to scale Ethereum network. StarkWare is the
company that developed Starknet. The main competitor of Starknet is zkSync Era.
