$STRK is Bullish because of this

StarkWare Revises $STRK Token Unlocking Schedule After Community Criticism

StarkWare has revised its Starknet (STRK) token unlocking schedule after community concerns that the original plan would allow investors in the network to dump tokens on Starknet retail users, Cointelegraph reported.

The changes will bring a "more gradual" token unlocking schedule to its early contributors and investors, with smaller, regular token unlocks taking place over three years rather than the massive one initially planned for two months. Unlocked.

"In recent days, StarkWare has reviewed feedback and decided to adjust the unlocking schedule to make it more gradual," StarkWare, developer of Starknet, said in a Feb. 22 X post.

The revised schedule shows that 64 million STRK tokens worth nearly $125.5 million will be unlocked on April 15, representing 0.64% of its total supply of 10 billion.

Unlocking will continue at a rate of 64 million STRK per month until March 15 next year. It will then increase to 127 million STRK per month over the next two years until March 15, 2027.

Initially, more than 1.3 billion STRK — roughly 13% of its total supply and worth more than $2.5 billion — were set to be unlocked on April 15, just two months after the token’s February 20 launch.

StarkWare said: “Under the new unlocking plan, 580 million tokens held by early contributors and investors will be unlocked before the end of 2024, while under the previous plan, 2 billion of these tokens would be unlocked before the end of 2024. " #Write2Earn