- The Starknet Provisions Program will distribute more than 700 million STRKs to nearly 1.3 million addresses.
- STRKs will be used to pay transaction fees, participate in staking and vote on Starknet governance.
The Starknet Provisioning Program is poised to mark a significant milestone in the blockchain ecosystem. With the launch of this initiative, the Starknet Foundation is preparing to allocate the Starknet Token (STRK) to the community that has been instrumental in the development and adoption of this revolutionary technology.
During this first round of the program, more than 700 million STRKs will be distributed to nearly 1.3 million addresses. This allocation is part of the $900 million dedicated to the Provisions Program, as part of the $1.8 billion STRK allocated to the community as a whole.
🚀 Brace yourselves! The Starknet Foundation is unleashing a tsunami of STRK tokens on Feb 20th! Over 700M STRK up for grabs, with a whopping 1.297M wallets eligible to seize the treasure! Whether you're an early #Ripple (#XRP) adopter, network whiz, or #Ethereum builder, claim… pic.twitter.com/cYBs3cRaTC
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) February 14, 2024
Program Objective and Scope
The Starknet Provisioning Program aims to recognize and reward individuals and groups that have contributed to the growth and evolution of Starknet. This includes users, developers and community contributors, as well as StarkEx users and Ethereum protocol contributors . This initiative seeks to encourage greater participation and engagement within the Starknet community, laying the foundation for its future development.
STRK Usage and Eligibility to Claim
STRKs are not only a medium of exchange within the Starknet network, but also play a crucial role in its operation and governance. Users may use STRKs to pay transaction fees, participate in staking and governance voting.
Eligibility to claim STRK is determined by specific criteria, including use of the Starknet network, contributions to the Ethereum protocol and participation in open source projects.
Guiding Principles and Transparency
STRK allocation is governed by fundamental principles that include contribution, broad distribution, transparency, and expansion of Ethereum adoption. It seeks to recognize and reward those who have contributed significantly to the development and promotion of Starknet and blockchain technology in general.
Transparency is paramount throughout the process, with distribution criteria shared publicly and allocation results available for review.
Contribution Measurement and Verification
The contribution of individuals and groups is evaluated using specific criteria, including the number of transactions made on the Starknet network, contributions to the Ethereum protocol, and participation in open source projects.
A variety of data sources, such as transaction logs and GitHub repositories, are used to verify each stakeholder’s contribution. This ensures that STRK allocation is fair and equitable, recognizing the effort and dedication of those who have contributed to Starknet’s success.
The Starknet Provisioning Program represents a significant step towards greater decentralization and community participation in the blockchain ecosystem. With the distribution of STRK to the community, Starknet continues its journey towards mass adoption and continued evolution of its protocol.
Future rounds of the program, as well as additional initiatives, are expected to continue to strengthen the bond between Starknet and its community, driving growth and innovation throughout the blockchain ecosystem.
