Ethereum Layer 2 StarkWare delays first token unlocks to April 2024 | Headlines | News | CoinMarketCap

10/03/2023 23:52
Ethereum Layer 2 StarkWare delays first token unlocks to April 2024 | Headlines | News | CoinMarketCap

Ethereum Layer 2 developer StarkWare has delayed the first unlocks of its native StarkNet (STRK) token by over five months. The new unlock date has …

Ethereum Layer 2 developer StarkWare has delayed the first unlocks of its native StarkNet (STRK) token by over five months.

The new unlock date has been pushed to Apr. 15, 2024, from the previously scheduled date of Nov. 29, 2023, according to a transaction in one of the StarkWare token locking mechanism contracts carried out on Sunday, Etherscan shows.

Commenting on the delay, a StarkWare spokesperson told The Block: "We are focussing on building the technology. We are updating the roadmap as needed, and this includes an update to lockup."

It is not immediately clear how many tokens have been affected by the delay. The total supply of STRK tokens is ten billion. STRK is currently not tradable.

The tokens in the first unlock belong to core contributors, early supporters of the …

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