🚨🚨 NEW UPDATE ON #strk 🚨🚨
💥 Starknet's STRK Jumps After Developer StarkWare Agrees to Delay Token Unlocks but not STAYED LONG 🛩️🛩️🛩️
💥 StarkWare, the developer behind the Ethereum layer-2 blockchain Starknet, had come under heavy criticism for the unlocking schedule for its new STRK tokens.
🚀🚀 Starknet's STRK token jumped as much as 10% Thursday after developer firm StarkWare agreed to drastically reduce the number of tokens allocated to the team that are scheduled to unlock in April, following heavy criticism from the community.
After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare's early contributors and investors to make it more gradual," according to an emailed statement. StarkWare is the primary developer behind Starknet, a layer-2 blockchain atop Ethereum.
Under the new schedule, 0.64% of the 10 billion tokens initially minted will unlock on April 15, instead of the planned 13.4% (1.34 billion tokens), according to the statement.
"The gradual unlock will continue at a pace of 0.64% (64 million tokens) monthly until March 15, 2025, after which it will change to 1.27% (127 million tokens) monthly for the next 24 months until March 15, 2027," StarkWare said.
Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule," according to StarkWare. "1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026 and 380 million will be unlocked by March 15, 2027."
Can this action give a rising to the STRK Token #strk ..?????????
Personally I DO NOT THINK THIS WILL WORK..
(Not a financial advice guys)
🔔🔔🔔 Stay tuned for more updates
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