Lunar New Year Day 5: Welcoming the God of Wealth — A Complete Overview of Starknet Token STRK Distribution Details
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Lunar New Year Day 5: Welcoming the God of Wealth — A Complete Overview of Starknet Token STRK Distribution Details
Starknet users who qualify for the airdrop will receive between 500 and 10,000 STRK tokens per address.
Navigating Web3 tides with focused insightsCompiled by: BlockBeats
The native token of Starknet, STRK, will begin distribution on February 20 through the Starknet Foundation Provisions Program (Starknet Airdrop). Approximately 1.3 million wallets will be eligible to claim STRK tokens in the first round, with claims available over a four-month period ending June 20.
This STRK airdrop marks the broadest individual token distribution to date. Starknet is also the first Layer 2 project to distribute tokens to Ethereum solo stakers, Ethereum LSD holders, and non-Web3 open-source developers. Today, the Starknet Foundation will release an official overview of the Provision allocations and provide users with an eligibility checker.
Details of STRK Airdrop Distribution
This round of the Starknet Provisions program is led by the Starknet Foundation (SNF), headed by CEO Diego Oliva based in London. The foundation focuses on research, development, and growth initiatives for Starknet and its underlying technologies. SNF aims to drive widespread adoption of Starknet, encourage community participation, and support governance efforts. According to SNF, all work around Starknet is intended to expand Ethereum’s capabilities to meet global-scale daily usage while maintaining core decentralization values.
Diego Oliva, CEO of SNF, told BlockBeats: "The creation of the STRK token enables STARK-based scaling to proceed in a more decentralized manner. The token design allows Starknet to be operated and governed by the community, and the airdrop is a powerful mechanism toward that goal. Of course, decentralization is a gradual process that takes time—this step is crucial." Olivia added, "The airdrop honors the hard work of community members. It demonstrates why and how we are enhancing Ethereum's performance for mass adoption. In line with the tradition of decentralization, this token distribution empowers the community to shape Starknet’s future."
In addition, StarkWare CEO Ben-Sasson shared with BlockBeats: "The Provisions program signifies Starknet entering a new phase of greater decentralization. It has sparked curiosity about Starknet, encouraged learning and use of Cairo, and significantly grown the community. More and more developers are adopting Cairo, recognizing that a new era of scalability requires a new programming language."
Airdrop Allocation and Eligibility
The Starknet Foundation refers to the token distribution as “Provisions” rather than “Airdrop.” The primary recipients include supporters of Starknet, contributors to the Ethereum ecosystem, and non-Web3 open-source developers.
StarkWare CEO Ben-Sasson told BlockBeats that Starknet is committed to expanding Ethereum’s scale, and a key objective of this distribution is to deliver economic incentives to those who have helped achieve this vision. "Those building projects on Starknet, as well as individuals actively participating and encouraging others to join, will receive significant token allocations. After all, they are the ones driving this positive cycle that strengthens the Starknet community."
1. Starknet Ecosystem Supporters and Users:
a) Developers and users will be automatically qualified based on retroactive activity;
b) Starknet Community Members: Early participants who documented their contributions (such as coding or organizing events) may apply to the Early Community Member Program (ECMP). Over 2,000 individuals selected through ECMP will receive Provisions. Those ranked highest under the allocation criteria can receive large allocations of up to 180,000 tokens.
c) Popular dApp Users: Since the launch of StarkEx in 2020, community members have been testing STARK-based technology. As a result, many users who interacted with dApps powered by StarkEx—such as dYdX, ImmutableX, Rhinofi, and Sorare—are eligible for token allocations.
2. Ethereum Builders and Stakers:
a) Ethereum Builders: Starknet relies on Ethereum for security, so many contributors to Ethereum are also eligible, including members of the Protocol Guild, EIP authors, and numerous developers.
b) Ethereum Security Contributors: This includes both solo stakers who participated before and after the Beacon Chain genesis, as well as users holding liquid staking derivatives (LSDs), who are also eligible for Provisions.
3. Non-Web3 Open-Source Developers: Based on GitHub contributions, SNF has reserved a portion of Provisions for open-source developers outside the blockchain space. SNF stated this move sets a new precedent for inclusivity.
In this airdrop, Starknet users will receive 51.33% of the total token allocation, ETH stakers will receive 21.99%, StarkEx users and Starknet ECMP members will receive 9.62% and 9.05% respectively. See detailed allocation breakdown below:
As the largest recipient group, individual Starknet user addresses will receive between 500 and 10,000 STRK tokens. Basic eligibility requirements include:
1. Used the Starknet network during at least 3 separate months;
2. Completed at least 6 transactions;
3. Total transaction value not less than $100;
4. Held at least 0.005 ETH in the address at the snapshot time (November 15, 2023).
Additionally, individual allocation amounts will increase incrementally based on a points system across three metrics: duration of usage, total transaction value, and number of unique contracts interacted with, increasing up to 7 points. Specifically:
1. Earn +1 point if any of the following conditions are met: used Starknet for 7–10 distinct months / total transaction value between $7,000 and $35,000 / interacted with 20–39 different contracts.
2. Earn +2 points if any of the following conditions are met: used Starknet for more than 11 distinct months / total transaction value exceeding $35,000 / interacted with over 40 contracts.
See detailed allocation tiers and point rules below:
Starknet Token Economics
Starknet disclosed its token economics in mid-2022. The STRK token has a maximum total supply of 10 billion, allocated as follows:
· 17% allocated to StarkWare investors; 32.9% to core contributors, including StarkWare employees, advisors, and software development partners;
· 50.1% granted by StarkWare to the Foundation for distribution, of which 9% is designated as Community Provisions for individuals working on Starknet or contributing to its underlying technology;
· 9% reserved for community rebates (to partially reimburse costs for users bridging from Ethereum to Starknet); 12% allocated to fund research, development, testing, deployment, and maintenance of the Starknet protocol;
· 10% set aside as strategic reserves to support ecosystem activities aligned with the Foundation's mission;
· 2% to be decided by STRK token holders and the Foundation for donation to reputable institutions such as universities and NGOs;
· 8.1% unallocated, with distribution method to be determined by the community to further support the Starknet ecosystem.
All tokens allocated to core contributors and investors are subject to a 4-year vesting period (with a 1-year cliff followed by linear release).
Claiming Provisions: Key Notes
Note that users must claim their Provisions using their own Starknet wallet. Users can create or update their wallets via Braavos or Argent. According to BlockBeats, SNF will make every effort to exclude wallet addresses identified as being created solely for the purpose of claiming token allocations.
The Provisions program is just one of several key initiatives supporting the Starknet ecosystem. Other notable programs include the Devonomics initiative launched in December last year, as well as upcoming rebate and subsidy programs. Users who do not qualify for this round may still participate in future Provisions rounds.
Further Reading: Starknet to Unlock Tokens and Launch Airdrop in Q1 2024: Which Ecosystem Projects Should You Watch?
Additionally, as crypto market热度 continues to rise, phishing attacks and other hacking incidents are becoming more frequent. Users should avoid clicking links outside of official Starknet websites or Twitter accounts to prevent financial loss. Stay SAFU & WAGMI!
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