{"id":64390,"date":"2022-07-14T14:16:41","date_gmt":"2022-07-14T11:16:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64390"},"modified":"2025-09-06T14:13:09","modified_gmt":"2025-09-06T11:13:09","slug":"starkware-confirms-the-launch-of-the-starknet-governance-token","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/starkware-confirms-the-launch-of-the-starknet-governance-token\/","title":{"rendered":"StarkWare confirms the launch of the StarkNet governance token"},"content":{"rendered":"<p>StarkWare, the project specialising in <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2<\/a> scaling solutions, confirmed the launch of the StarkNet governance token.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/StarkNet?src=hash&#038;ref_src=twsrc%5Etfw\\\">#StarkNet<\/a> Alpha was launched on Ethereum Mainnet in November 2021. <br \/>\u2728<br \/>Now it\u2019s time to advance its decentralization as demanded of an L2 on Ethereum. <br \/>\u2728<br \/>Here\u2019s our decentralization proposal, introducing the StarkNet Token, and the StarkNet Foundation<a href=\\\"https:\/\/t.co\/zk33gANsin\\\">https:\/\/t.co\/zk33gANsin<\/a> <a href=\\\"https:\/\/t.co\/YTd0Uj5NbW\\\">pic.twitter.com\/YTd0Uj5NbW<\/a><\/p>\n<p>\u2014 StarkWare (@StarkWareLtd) <a href=\\\"https:\/\/twitter.com\/StarkWareLtd\/status\/1547223754832478209?ref_src=twsrc%5Etfw\\\">July 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>The token is designed to decentralise the network and to perform three principal roles:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>participation in governance via staking;<\/li>\n<li>payment of transaction fees on StarkNet;<\/li>\n<li>use in the consensus mechanism.<\/li>\n<\/ul>\n<p>Total ERC-20 token supply will be 10 billion coins. More than half of the supply will go to the non-profit StarkNet Foundation, responsible for developing the ecosystem. The remainder will be allocated to investors and key participants in the project.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh3.googleusercontent.com\/HhaNX7yx3qRLxImC8wun9IZJ8GBoVBeDXxO0Q0GXUNVhBRcVEakQakJIR0gGvZzHdmbvTH7878NYmbSPvYOz3J0Z5Zy5N_gEkyRMMS7fGMHj2UpxhNIsCZHF2JuuzB0T_-RPt1XKx0-q_2goBu0\\\" alt=\\\"StarkWare confirms StarkNet governance token launch\\\" \/><figcaption>Data: StarkWare.<\/figcaption><\/figure>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cSTARK technology is mature and secure, but StarkNet has not yet reached the status of a public good like Ethereum or the Internet. For the network to reach that goal, its governance, operation and development must continue to decentralise. Two mechanisms will aid this: the StarkNet Foundation and the token,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>In May, StarkWare <a href=\"https:\/\/forklog.com\/en\/news\/starkware-project-raises-100-million-in-series-d-at-an-8-billion-valuation\">raised $100 million<\/a> in a Series D financing round. The startup was valued at $8 billion.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>StarkWare, a project specialising in layer-2 scaling solutions, confirmed the launch of the StarkNet governance token.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1179,1374],"class_list":["post-64390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-layer-2-solutions","tag-starkware"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64390","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=64390"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64390\/revisions"}],"predecessor-version":[{"id":64391,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64390\/revisions\/64391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}