50M Starknet STRK Tokens Are Rewarded For Early Contributors

Key Points:

• The Starknet Foundation allocates 50 million Starknet STRK tokens to early contributors via ECMP.
• Individual contributors involved in tech discussions, events, and content creation are eligible.
• The tokens, part of a larger grant, will be distributed to holders in 2024, fostering Starknet’s growth.

The Starknet Foundation, dedicated to advancing the Starknet project, has unveiled its Early Community Member Program (ECMP), allocating 50 million Starknet STRK tokens to reward early ecosystem contributors.

Starknet Foundation Rewards Early Ecosystem Contributors with STRK Tokens

These tokens, which are part of the Starknet project, a layer-2 blockchain built on Ethereum, are currently not tradable and locked up until at least April 2024.

The ECMP is designed to incentivize individual contributors who have played a vital role in fostering the Starknet ecosystem. The criteria for eligible contributors include those who significantly contributed to technical discussions, were recognized by key ecosystem projects, organized Starknet-related events worldwide, and regularly produced Starknet-branded content.

Innovative ECMP Program Supports Growth of Starknet Blockchain

The application process for the ECMP is open until November 19, with the selection process concluding by December 29.

The Starknet Foundation’s allocation of 50 million Starknet STRK tokens stems from their initial grant, comprising 50.1% of the initial minted supply of 10 billion Starknet STRK tokens, equivalent to approximately 5 billion tokens. The remaining 5 billion tokens will be made available to token holders on April 15, 2024.

While the value of these tokens remains uncertain due to their lack of trading activity, the ECMP program provides early contributors with a promising opportunity to be rewarded for their dedication to the Starknet ecosystem’s growth. Notably, this distribution is not categorized as an airdrop but as part of the Foundation’s commitment to distributing the allocated tokens to their rightful stakeholders.

With the potential payday still months away, the Starknet Foundation’s move marks a significant step in fostering and rewarding contributors to this innovative blockchain project.

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