Binance has designated $STRK with a seed tag, indicating that it is a token with lower liquidity and higher potential for volatility.
Holders of assets with seed tags are required to pass quizzes every 90 days to ensure they have a clear understanding of the associated risks.
Currently ranked 69th in terms of market capitalization, STRK has seen a significant decline of over 67% from its initial price of $3.55 and is presently trading at $1.71.
STRK is associated with Starknet, a decentralized validity rollup specifically known as a zero-knowledge (ZK) roll-up.
Rollups, including ZK rollups, enable transaction execution outside of the Ethereum blockchain while maintaining a record of the transactional data.
ZK rollups conduct computations off-chain and then submit a validity report, while optimistic rollups assume the validity of transactions by default.
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