StarkNet Deploys STRK Token On Ethereum

After a long wait, StarkNet has finally made the latest moves regarding the STRK token, starting with the creation of an ERC-20 contract.

StarkWare, the company behind the development support for StarkNet, has announced the STRK token.

Also announced, the STRK token will be used for staking to help ensure decentralization for network governance and for transaction fee payment. However, the project says how to implement the paid feature will not be mentioned.

It will take time for the Foundation to determine the mechanism for distributing its tokens. The tokens will remain non-tradable until further notice by the StarkNet Foundation.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.