Starknet Foundation plans to distribute 1.8 billion tokens as rewards, transaction rebates | Headlines | News | CoinMarketCap

12/08/2023 19:47
Starknet Foundation plans to distribute 1.8 billion tokens as rewards, transaction rebates | Headlines | News | CoinMarketCap

The Starknet Foundation, the organization behind the Ethereum Layer 2 network Starknet, plans to distribute 1.8 billion tokens as user rewards and …

The Starknet Foundation, the organization behind the Ethereum Layer 2 network Starknet, plans to distribute 1.8 billion tokens as user rewards and rebates, with precise details still under development.

The foundation will employ various groups or “committees” to oversee the broader distribution of these Layer 2 blockchain tokens, according to a statement.

One specific committee, the “Provisions Committee,” will be tasked with rewarding users, including rewarding community members with tokens. This committee will distribute 900 million Starknet (STRK) tokens in a phased manner to reward both past and future contributions by users and community members.

This plan follows the foundation’s recent confirmation of a token airdrop snapshot, which became known after a draft of the eligibility …

Read more --->