The Starknet Foundation is set to kick off the first phase of its groundbreaking Starknet Provisions Program, a strategic move to distribute a whopping 700 million Starknet Tokens (STRK) to the community.
This initiative is aimed at approximately 1.3 million eligible wallets, including early users of ecosystem dApps, network contributors, Ethereum builders, and open-source developers, marking a significant step in empowering a broad community base.
The Starknet Foundation will distribute STRK tokens on February 20. The total distribution amount exceeds 700 million STRK, and approximately 1.297 million wallets are eligible to claim it, including early users of ecosystem dapps, networks Contributors, Ethereum builders and…
— Wu Blockchain (@WuBlockchain) February 14, 2024
STRK Token Takes Center Stage
Starknet, a Layer-2 network on Ethereum, is scaling decentralized applications using a ZK-Rollup solution. The introduction of the Starknet Token (STRK) is pivotal for decentralization and governance.
In this first phase, more than 700 million STRK will be distributed across nearly 1.3 million addresses, a substantial part of the overall 900 million STRK allocated for the Provisions program. It’s part of a broader commitment of 1.8 billion STRK designated for the Starknet community.
Also Read: Top 10 Airdrops for Minimum 500x Profits In 2024
Claim Your Tokens: Starknet Mainnet Ready for Action
Starting from 12 pm (UTC) on February 20th, 2024, eligible participants will be able to claim their STRK on Starknet Mainnet. Meanwhile, interested individuals can verify their eligibility and explore the claiming process by visiting the dedicated Provisions portal at Starknet.io.
The dedicated portal serves as a gateway for participants to understand eligibility and actively participate in the claiming process.
STRK Token Price Analysis
As the claiming process begins, Starknet’s STRK token witnesses a 1.5% uptick, trading at $12.31, with a market cap of $55.03 million. The 24-hour trading volume is $3.50 million, and the circulating supply is 4.47 million, showing a positive momentum of +1.68% in the last 24 hours.
Experts suggest a potential 263.90% surge, projecting a value of $45.16 by the end of 2026, adding an exciting element to the unfolding Starknet narrative.
Ready to start your Starknet journey? Don’t forget to check your eligibility and claim your free STRK tokens.
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Mustafa Mulla
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
