Starknet Foundation Launches 5 Committees To Drive Decentralization And Innovation

Key Points:

• The Foundation has appointed a strong interdisciplinary board and announced the formation of five committees, each with a specific mandate that aligns with Starknet’s mission and priorities.
• The Provisions Committee oversees the fair and transparent distribution of its ecosystem token, STRK, which will serve as the staking token for participation in the network’s consensus mechanism and the network’s governance and gas token.

Discover the Five Committees Powering Starknet’s Decentralized Ecosystem. Learn how Provisions, Grants, Partnerships, Governance, and Onboarding Committees are building a fair, transparent, and innovative network.

In November 2022, the Starknet Foundation was launched to advance Starknet’s mission of building a decentralized and permissionless Layer 2 (L2) Validity Rollup. The Foundation has appointed a strong interdisciplinary board and is committed to fostering and expanding the community, overseeing the continued development of the network, developing permissionless governance mechanisms, and carrying out the full decentralization of the ecosystem.

To this end, the Foundation has announced the formation of five committees, each with a specific mandate that aligns with Starknet’s mission and priorities.

1. The Provisions Committee,
2. Early Adopter Grants Committee,
3. Developer Partnerships Committee,
4. Governance Committee,
5. Ecosystem Onboarding Committee.

The Provisions Committee is responsible for overseeing the fair and transparent distribution of the Starknet ecosystem token, STRK, which will serve as the staking token for participation in the network’s consensus mechanism, as well as the network’s governance and gas token.

The Early Adopter Grants Committee provides grants to innovative teams building on-chain applications on Starknet, while the Developer Partnerships Committee fosters and oversees strategic developer partnerships critical to Starknet’s success.

The Governance Committee is responsible for researching, planning, and executing the initial phases of Starknet governance, while the Ecosystem Onboarding Committee empowers and integrates new developers and community members into the ecosystem.

The committees will operate under routine evaluations, with adjustments and amendments made as necessary. The Foundation is excited to embark on this journey, and the committees can be contacted for further information on their respective mandates, operations, and initial members.

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