StarkWare's STRK token recently saw a significant 10% surge following adjustments made by the developer firm in response to community concerns. Initially, StarkWare had planned to unlock 13.4% of the total token supply in April, but this was drastically reduced to 0.64%. The new unlock schedule will see gradual increments until March 15, 2027, aiming to alleviate worries about potential market saturation impacting token value.
Starknet, developed by StarkWare, utilizes zero-knowledge cryptography to facilitate the scalability of decentralized applications on the Ethereum blockchain. However, criticism arose due to the token unlock schedule, causing STRK token price fluctuations from $5 to $2.
These revisions underscore StarkWare's dedication to community input and responsible token distribution management.
