{"id":88042,"date":"2023-12-08T17:35:22","date_gmt":"2023-12-08T15:35:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88042"},"modified":"2025-09-13T15:34:41","modified_gmt":"2025-09-13T12:34:41","slug":"starknet-foundation-to-distribute-1-8-billion-strk-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/starknet-foundation-to-distribute-1-8-billion-strk-tokens\/","title":{"rendered":"StarkNet Foundation to distribute 1.8 billion STRK tokens"},"content":{"rendered":"<p>The organization behind the development of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a>-project StarkNet, the StarkNet Foundation, plans to allocate more than 1.8 billion STRK tokens to \u201cvarious initiatives\u201d for blockchain deployment.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Now that the news is out, we might as well tell you more!<\/p>\n<p>StarkNet is about each of you. Every user, builder and member of our community \u2013 existing and future \u2013 is a critical piece to building our network into the future of decentralisation for generations to come. The success\u2026<\/p>\n<p>\u2014 StarkNet Foundation (@StarkNetFndn) <a href=\\\"https:\/\/twitter.com\/StarkNetFndn\/status\/1733101666357100992?ref_src=twsrc%5Etfw\\\">December 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to the statement, 900 million STRK have been allocated to the audit committee for \u201cfair, decentralised and transparent distribution of funds across several programs and stages.\u201d The team is already working on the first phase of the token distribution and promises to issue an official statement soon.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThe committee\u2019s goal is to allocate ownership of the network\u2019s native token and reward users and community members for past and future contributions to the project,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>The second tranche of 900 million STRK is earmarked for network discounts for users. The initiative is in the planning stage, and a relevant authority is being formed to execute it.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThis marks a bold step in evaluating and expanding the possibilities of our community by returning transaction fees to users,\u201d the team emphasised.<\/p>\n<\/blockquote>\n<p>The StarkNet Foundation has also allocated 50 million STRK to spur activity of DeFi protocols built on the network. The program is overseen by a dedicated committee, which is finalising the research and plans to move to implementation in the first quarter of 2024.<\/p>\n<p>Earlier, the organisation announced <a href=\"https:\/\/forklog.com\/en\/news\/starknet-foundation-to-distribute-50-million-strk-among-early-ecosystem-participants\">distribution of 50 million STRK<\/a> among early members of the project\u2019s community.<\/p>\n<p>Earlier still, the developers <a href=\"https:\/\/forklog.com\/en\/news\/starkware-delays-starknet-token-unlock-to-april-2024\">delayed the first unlock<\/a> of tokens to April 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The organisation behind the development of the L2-project StarkNet, the StarkNet Foundation, plans to allocate more than 1.8 billion STRK tokens to \u201cvarious initiatives\u201d for blockchain deployment.<\/p>\n","protected":false},"author":1,"featured_media":88043,"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":[1177,596],"class_list":["post-88042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-starknet","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88042","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=88042"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88042\/revisions"}],"predecessor-version":[{"id":88044,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88042\/revisions\/88044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88043"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}