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Read more: How To Get Starknet Airdrop: A Comprehensive Guide To Earn STRK Tokens
This change in the Starkware token unlock schedule comes after Starknet, an Ethereum layer-2 project, distributed over 700 million tokens to early users and contributors this week. Concerns were raised regarding potential token dumping by developers and investors. The current market capitalization of the tokens, based on circulating supply, is approximately $1.44 billion.
In response to feedback, StarkWare has adjusted the lockup schedule for early contributors and investors. Initially, over 1.3 billion STRK tokens, representing about 13% of the total supply valued at over $2.5 billion, were set to unlock on April 15, shortly after the token’s February 20 launch.
Under the revised schedule, 64 million STRK tokens worth nearly $125.5 million, constituting 0.64% of the total supply, will unlock on April 15. The unlock will then continue monthly, with 64 million STRK tokens being released until March 15 next year. Subsequently, the monthly release will increase to 127 million STRK tokens for the following two years until March 15, 2027.
StarkWare, the primary developer behind Starknet, emphasized the importance of making the lockup schedule more gradual in response to input from ecosystem partners and collaborators. This adjustment aims to address concerns regarding token supply dynamics and promote a more stable market environment for STRK.
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