Starknet Foundation Allocates 50M $STRK For Early Ecosystem Contributors

Starknet Foundation's Landmark Program

The Starknet Foundation has recently unveiled its Early Community Member Program, promising to allocate 50 million future $STRK tokens to recognize and reward early contributors within the Starknet ecosystem. It aims to recognize those who have contributed to key projects, organized events and consistently produced Starknet-branded content.

The program, set to conclude its application process on November 19, will be making final decisions by December 29. In order to be considered for a Starknet membership, applicants should provide comprehensive details about their active participation in the community.

The Starknet Foundation's allocation of tokens stems from its original grant, comprising a substantial 50.1% of the initial minted supply of 10 billion STRK tokens. With an estimated hoard of around 5 billion STRK tokens, these assets are presently inaccessible to token holders and are scheduled to become available for trading on April 15, 2024. Since Starknet tokens are not currently trading, it is unclear what their precise value is, especially since any potential financial gains are expected to appear several months from now.

Established in November 2022, the Starknet Foundation is an offshoot of StarkWare, the pioneering minds behind the creation of StarkNet, a layer-2 blockchain built atop Ethereum.