Yesterday was the fifth day of the Lunar New Year when we welcomed the God of Wealth. We really did welcome the God of Wealth, and starknet started giving out red envelopes.
The Starknet Foundation, one of the three idiots, announced that its native currency STRK for the Ethereum Layer 2 network will be airdropped to 1.3 million wallets on February 20. Currently, the price of STRK is 1.4-2U per coin, and the minimum amount of coins received in the airdrop is 500, which is equivalent to $1,000. This marks an important milestone in the development of Starknet and its efforts to enhance the scalability and efficiency of blockchain.
StarkNet is a permissionless decentralized Validity-Rollup (also known as a "ZK-Rollup"). It runs as an L2 network on Ethereum, enabling any dApp to achieve unlimited computational scale without compromising Ethereum's composability and security, thanks to StarkNet's reliance on STARK, the most secure and scalable cryptographic proof system.
Information discussion: wu354133
STRK airdrop standards:
Used the Starknet network on at least 3 separate occasions;
Generate at least 6 transactions;
The total transaction amount must be at least $100
The address holds at least 0.005 ETH at the time of the snapshot (November 15, 2023)
Most of the starknet users were filtered out by the last line: holding at least 0.005 ETH at the time of the snapshot.
In what order will Starknet tokens be distributed?
The standards for STRK airdrops are divided into three categories:
Starknet users, developers, and ecosystem contributors; Ethereum builders and stakeholders; and non-Web3 open source developers.
The range of people eligible for airdrops is unique and includes people outside the native Starknet ecosystem, such as Ethereum solo stakers and liquid staking token users. The Foundation’s eligibility is based on the fact that Ethereum secures Starknet.
SNF issues STRK as part of its effort to promote Starknet adoption, but unlike many community incentive programs, the purpose of the token goes beyond network governance.
Yes, STRK holders will be able to vote on key protocol changes, but they can also use STRK to pay for network fees (or gas) instead of ETH. The currency is also expected to contribute to the security of Starknet through staking in the future, similar to how Ethereum does it today on the Ethereum mainnet.
Starknet’s broad user base, contributors, and developers will be able to claim some of the 900 million STRK tokens, representing 9% of the total supply of 10 billion.
The foundation also said that "there will be further regulations in the future" for individuals who do not qualify for this airdrop, which means there will be additional airdrops.
Information discussion: wu354133
StarkNet highlights:
1. ZK-STARK can work without a trusted setup of a common reference string (CRS). Instead, publicly verifiable randomness is used to establish the interaction between the prover and the verifier, which reduces the user's trust assumptions and improves the security of STARK-based protocols.
2. STARK has the logarithmic compression feature of verification, which can achieve faster verification speed. That is, when the time required to prove a proposition is T, the time required to verify the proof is only log(T). This feature allows STARK to achieve low cost and reduce the delay of large combination propositions through recursion, and achieve scalability.
StarkNet’s token model:
The total number of tokens is 10 billion. StarkNet's tokens are used to operate, maintain and protect this ecosystem. These tokens will be used in governance, transaction payments and participation in consensus mechanisms.
The token name of StarkNet is: stark
Token Allocation:
17% — StarkWare investors
32.9% — Core Contributors
50.1% — Foundation, to be used for the following purposes:
9% — Community Supply, 9% — Community Kickbacks, 12% — Funding research and work to develop, test, deploy, and maintain the StarkNet protocol, 10% — Strategic Reserve, 2% — Donations to highly respected institutions and organizations, 8.1% — Unallocated - The Foundation's unallocated treasury is in place to further support the StarkNet community in a community-determined manner.
Information discussion: wu354133
Starknet’s airdrop is a bold step toward democratizing a more scalable, efficient, and participatory blockchain ecosystem.
