Binance Lists Starknet (STRK) On Feb 20, Massive STRK Distribution Begins!

Key Points:

• Binance to list Starknet (STRK) on February 20, 2024.
• Starknet Foundation launches event, distributing 40 million STRK.
• Starknet schedules airdrop of 728 million tokens for February 20.

Binance lists Starknet (STRK) on Feb 20, 2024. The Starknet Foundation will distribute 40M STRK to DeFi protocols over 6-8 months.

Binance has announced the listing of Starknet (STRK), with trading for spot pairs STRK/BTC, STRK/USDT, STRK/FDUSD, and STRK/TRY set to commence at 13:00 UTC on February 20, 2024.

Binance Lists Starknet (STRK) On February 20

According to the announcement, users can begin depositing STRK in advance from 12:00 UTC the same day, while withdrawal will open at 13:00 UTC the following day. There is no listing fee for STRK.

In related news, the Starknet Foundation has launched a six to eight-month event in collaboration with OpenBlock, the Starknet DeFi Spring, where 40 million STRK will be distributed to participating DeFi protocols on Starknet.

Distribution occurs bi-weekly, with allocations determined by network activity and performance of participating protocols. These allocations allow for dynamic and continuous adjustments based on performance metrics.

Is the Starknet Foundation’s Distribution Plan Fair?

Each protocol will design, announce, and execute its own incentive programs to reward users with STRK allocations. The first round of participation will begin on February 22, 2024, with users given until March 7, 2024, to claim their rewards.

The Starknet Foundation previously revealed its distribution plan for STRK, with nearly 1.3 million wallets eligible for rewards. An airdrop scheduled for February 20 aims to distribute 728 million tokens, with users given until June 20 to claim their share.