Nostra CEO Resigns After NSTR Token launch

David Garai, founder of Starknet-powered crypto project Nostra, has stepped down as the CEO just days after the launch of the project’s native token, NSTR.

Nostra is a platform that allows users to lend, borrow, swap, and bridge crypto.

The project launched its token on June 17, with 100% of the total supply unlocked during the token generation (TGE) event. Meanwhile, Garai resigned as the platform’s CEO today, June 28.

“I have resigned as CEO of Nostra,” Garai said in a statement posted on X. “The great @RTPthefirst will take over as the day-to-day lead of Nostra Labs,” he added, referring to Nostra head of product Richard Thomas-Pryce. Nostra launched with a total supply of 100 million NSTR tokens, 11% of which went to an airdrop targeted for the community. The project allocated 25% to the treasury, earmarked 14% for future airdrops, and handed investors and the team 26.2% and 23.8%, respectively.There was no vesting period for the tokens.According to data from CoinMarketCap, Nostra’s market cap is currently at $9.62 million, and its price hovers near $0.096. Garai’s resignation news has coincided with a 4% decline for NSTR. On June 17, NSTR’s price reached a high of $0.21.

#VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #IntroToCopytrading #CryptoPCEWatch #LayerZero