Starknet's STRK cryptocurrency reaches $7 on Binance as millions of tokens are claimed on airdrop day.
Starknet’s STRK hits $7 on Binance as millions of tokens claimed on airdrop day

Ethereum Layer-2 Scaling Protocol Starknet Launches Native Token Distribution

The highly anticipated distribution of Starknet’s native token began on February 20th, with millions of tokens being claimed through the provisions portal. In just 90 minutes, over 45 million STRK tokens were secured by eligible users, and the token was quickly listed on major exchanges.

Trading at over $7 on Binance and surpassing $5 on KuCoin, STRK quickly made its mark in the cryptocurrency market. CoinMarketCap data showed its market capitalization reaching over $2.1 billion, with a trading range of $3 to $4.

With over 1.3 million eligible wallets, including those of Ethereum solo and liquid stakers, developers, users, and projects from outside the Web3 ecosystem, the distribution of STRK has been a highly anticipated event.

As the crypto community eagerly awaits the airdrop of STRK, it is important to remain vigilant against potential scams. With the rise of crypto scams, it is crucial to know the differences between web 1.0, 2.0, and 3.0, as well as the red flags to look out for when it comes to fraudulent activities in the crypto space.

Stay informed and stay safe as the crypto world continues to evolve and innovate. Don’t miss out on the opportunity to claim your share of STRK and be a part of the growing Web3 ecosystem.

The Starknet Foundation Launches Token Provision and Eligibility Portal for STRK Airdrop

The Starknet Foundation has recently unveiled its token provision plan and launched a dedicated portal for individuals to check their eligibility and receive STRK tokens. With over 700 million tokens set to be distributed across nine categories, STRK tokens will be utilized for governance and transaction fees. In the future, Starknet also plans to introduce staking for STRK tokens.

Starknet: A Leading Ethereum L2 Using ZK Rollup Technology

Starknet is one of the major Layer 2 scaling solutions for Ethereum, known for pioneering zero-knowledge (ZK) rollup technology. This protocol allows for off-chain processing of transactions and smart contract functions, while still leveraging the security guarantees of the underlying Ethereum blockchain through cryptographic proofs.

Addressing Concerns and Feedback from the Community

In response to concerns raised by Starknet and Ethereum community members regarding the eligibility criteria for the STRK airdrop, the layer-2 scaling protocol has taken steps to address these issues. As reported by Cointelegraph, the number of active users on Starknet has increased in recent weeks as individuals strive to become eligible for the airdrop.

In light of feedback from community members and network users who felt excluded due to certain provisions criteria, the Starknet Foundation has announced that they are working on a resolution for those who were not deemed eligible. This demonstrates their commitment to ensuring fairness and inclusivity in their airdrop campaign.

It is important for the broader cryptocurrency community to remain vigilant against potential scams and harmful links.

Additionally, it is crucial to understand the differences between the various iterations of the internet, including web 1.0, 2.0, 3.0, and 4.0.

As the crypto industry continues to grow, it is imperative to stay informed and educated about the various types of scams that can occur.

Knowing the distinctions between web 1.0, 2.0, and 3.0 is also essential in navigating the ever-evolving digital landscape.

Be wary of fraudulent activities such as the ABC crypto scams and always exercise caution when participating in crypto airdrops or using platforms like Binance.

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