Starknet STRK Airdrop: Rising Anticipation with New Update

The crypto community’s anticipation for a Starknet STRK token airdrop is intensifying following the approval of a significant network update. Starknet, a zero-knowledge-powered Ethereum Layer 2 scaling solution developed by Starkware, recently approved a proposal allowing STRK tokens to be used for transaction fees, fueling speculation about an impending token distribution to its users.

The STRK token, which was launched on the Ethereum network in November 2022 but has not yet become transferable or tradable, is at the center of these speculations. Despite confirmation of plans to reward early and active users in December 2023, Starknet had not provided a specific timeline for the airdrop.

The recent approval of the Alpha version 13.0 update, set to be implemented on Starknet’s mainnet on January 10, has further heightened expectations. This update not only introduces the option to pay transaction fees in STRK alongside ETH but also promises to reduce transaction costs by 25 to 50%. The overwhelming support from delegates, with a 99.86% approval rate, underscores the community’s eagerness for this development.

As speculations about the STRK token distribution grow, some users anticipate the airdrop could occur as early as the end of January 2024 or the beginning of February. However, Starknet has not officially confirmed these speculations.

In December 2023, the Starknet Foundation shed light on the STRK airdrop plan, revealing an allocation of 900 million tokens from the total 10 billion supply to reward contributions by users and community members. The distribution process, managed by a “provisions committee,” is set to occur through multiple programs and phases.

Despite the absence of a detailed timeline, the Starknet team assured the community that they are close to finalizing the first phase of distributions, with more formal communications expected soon.

The Starknet Foundation has already distributed STRK tokens to selected delegates for governance purposes, including the project’s investors, early contributors, a builder’s council, and delegates from a pool of applicants. The tokenomics of STRK allocate 50.1% of the supply to the Starknet Foundation, 32.9% to core contributors, and the remaining to Starkware and its investors.

As the crypto market anticipates macroeconomic shifts and a potential Bitcoin ETF, the Starknet STRK airdrop stands as a noteworthy event, reflecting the rising trend of airdrops in the sector and the growing interest in Layer 2 solutions like Starknet.