TechFlow news — The Starknet Foundation, the organization behind Ethereum's Layer 2 network Starknet, plans to distribute 1.8 billion tokens as user rewards and rebates. Various committees under the foundation will oversee token allocation, with specific details still under development. The foundation stated, "We’ve been working on Phase 1 of the distribution for some time and are nearing completion. More formal communication will follow shortly."
The Supply Council has allocated 900 million STRK tokens for fair, decentralized, and transparent distribution across multiple projects and phases. Another 900 million STRK tokens are reserved for user rebates; planning for this program is currently underway, and a new committee is being established to supervise STRK distribution aimed at rewarding significant transactions conducted by users on the network. Additionally, an initial 50 million STRK tokens have been allocated for on-chain incentives targeting DeFi, exploring direct, indirect, and retroactive incentives to boost liquidity, trading volume, and overall growth of DeFi protocols on Starknet.
Notably, this plan follows the foundation’s recent confirmation of a symbolic airdrop snapshot, which briefly displayed a draft of eligibility criteria on its website.
