Starknet Airdrop Attracts Over 140 Million Claims for STRK Token

Table of Contents

• Upcoming Starknet Events
• STRK Price Reaches New Highs
• Massive Eligible User Base for Airdrop
• Token Distribution and Foundation Allocation
• Success and Expansion of Starknet So Far

The highly anticipated STRK token airdrop for the Ethereum layer-2 scaling protocol Starknet has gotten off to a rousing start, with over 140 million tokens already claimed by around 128,000 users according to an X post at the time of writing.

Upcoming Starknet Events

Key upcoming events for Starknet and the STRK ecosystem include: user provisions remaining claimable; Influenceth’s Early Access starting tomorrow; the planned StarkCityDenver event on the 28th; and upcoming implementation of Ethereum Improvement Proposal EIP-4844 according to this tweet.

STRK Price Reaches New Highs

The STRK token started trading on major exchanges like Binance and KuCoin shortly after launch, reaching prices as high as $7 on Binance and over $5 on KuCoin. However, the current price has leveled off to $2.01 according to data from CoinMarketCap, with the token’s market capitalization valued at over $1.4 billion.

Massive Eligible User Base for Airdrop

The airdrop is available to claim by over 1.3 million eligible wallets, including Ethereum solo and liquid stakers, Starknet developers and users, and projects and developers from the larger Web3 ecosystem, all of whom can claim STRK according to the provisions website.

Token Distribution and Foundation Allocation

A total of over 700 million STRK tokens will be distributed across nine categories, with a portion allocated for governance and transaction fees on Starknet. The Starknet Foundation will retain 50.1% of tokens for community initiatives like grants and donations, while early contributors and investors will receive 24.68% and team/partners will get 32%. Tokens will unlock monthly over 31 months starting in April.

Success and Expansion of Starknet So Far

Since launching in November 2021, Starknet has achieved a total value locked of nearly $55 million according to DeFi Llama data, cementing its status as one of Ethereum’s leading Layer 2 scaling solutions. It will be interesting to see how the STRK token launch and proceeds from its distribution accelerate Starknet’s continued growth and implementation of zk-rollup technology.

For any community members with remaining questions about token provisions eligibility, the Starknet Foundation says it is working to address issues according to this tweet thread.

In summary, the highly anticipated STRK airdrop seems to be off to a strong start with over 140 million tokens claimed so far. Upcoming events and the expanding Starknet ecosystem point to a bright future for this layer-2 scaling solution and its native STRK governance token.

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