{"id":10945,"date":"2024-02-23T10:06:01","date_gmt":"2024-02-23T08:06:01","guid":{"rendered":"https:\/\/forklog.com\/en\/strk-token-surges-15-following-tokenomics-adjustment\/"},"modified":"2024-02-23T10:06:01","modified_gmt":"2024-02-23T08:06:01","slug":"strk-token-surges-15-following-tokenomics-adjustment","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/strk-token-surges-15-following-tokenomics-adjustment\/","title":{"rendered":"STRK Token Surges 15% Following Tokenomics Adjustment"},"content":{"rendered":"<p>The native token of Ethereum&#8217;s layer-two network StarkNet (STRK) surged by 15% following an adjustment in the allocation of tokens to the community after user criticism.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Important update:<\/p>\n<p>After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare\u2019s early contributors and investors to make it more gradual. <\/p>\n<p>We value this community and want to earn its trust by building great tech that\u2026<\/p>\n<p>\u2014 StarkWare (@StarkWareLtd) <a href=\"https:\/\/twitter.com\/StarkWareLtd\/status\/1760780113057030184?ref_src=twsrc%5Etfw\">February 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAfter listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare\u2019s early contributors and investors to make it more gradual,\u201d the statement reads.<\/p>\n<\/blockquote>\n<p>At the time of writing, STRK is trading at $2.12 with a market capitalization of $1.5 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/starknet\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/947AVFXdIuL79QvwuZUwS_kRqZo19Nz9bqIoHVxIWKoJ3vUzFHmpiIUEHVNnNfrIjFtFTGrO7J9iYXzWQuqK_jEBwAZhqNtZki_2nXliCaVDqHDwlyPmeb1Jhxjgcq3OQ5-CDJnmB1wiPbEkVY2HxIM\" alt=\"STRK Token Surges 15% Following Tokenomics Adjustment\"\/><figcaption class=\"wp-element-caption\">15-minute chart of STRK\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/STRKUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The developer company StarkWare announced that the gradual unlocking will occur monthly at a rate of 0.64% (64 million tokens) until March 15, 2025. After this, the rate will increase to 1.27% (127 million tokens) for two years.<\/p>\n<p>By the end of 2024, the team will allocate 580 million STRK to early participants and protocol investors instead of the initially planned 2 billion.<\/p>\n<p>An additional 1.4 billion STRK will be unlocked by the end of 2025, 1.5 billion by the end of 2026, and the remaining 380 million will become available by March 15, 2027.<\/p>\n<p>On February 20, 2024, StarkNet unlocked 728 million STRK (7.3% of the issuance) for more than 1.3 million wallets as part of an airdrop.<\/p>\n<p>In January, the StarkNet team <a href=\"https:\/\/forklog.com\/en\/news\/starknet-community-approves-strk-token-fee-payments\">deployed the Alpha v0.13.0 update<\/a>, which enabled the payment of transaction fees with its own tokens alongside ETH.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The native token of Ethereum&#8217;s layer-two network StarkNet (STRK) surged by 15% following an adjustment in the allocation of tokens to the community after user criticism. Important update: After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare\u2019s early contributors and investors to make it more gradual. We [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1177,1258],"class_list":["post-10945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-starknet","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10945"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10944"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}