Starknet Foundation Announces Token Distribution for 1.3 Million Wallets

According to CryptoPotato, Starknet Foundation plans to distribute its native network token, STRK, to nearly 1.3 million eligible wallets on February 20th. The recipients include early users of ecosystem dapps, network contributors, and others. Eli Ben-Sasson, a board member of the Starknet Foundation and CEO of StarkWar, described the distribution as the 'most expansive' in the industry, surpassing any similar event. Sasson also highlighted that this is the first major distribution to recognize the 'symbiotic relationship' between Layer 1 and Layer 2 technologies by rewarding Ethereum stakers. The Provisions program aims to encourage new and existing token holders to engage with Starknet's governance and ecosystem. The distributed tokens will have no lock-up and will be designated for governance and voting, covering transaction fees and potentially for staking in the future. Starknet is a Layer 2 network built on top of Ethereum that aims to enhance the latter's scalability by utilizing Zero Knowledge technology. The token distribution is the first major one to give tokens to Ethereum stakers and the first in the Ethereum ecosystem to give tokens to non-Web3 developers. The program also includes a distribution to early Starknet participants in various capacities, with those who ranked highest in allocation criteria receiving 180,000 tokens.