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Bittime - Starknet, a Layer 2 solution built on the Ethereum network, offers a solution to the scalability problem with zk-STARK technology. This technology allows transactions and computations to be carried out outside the Ethereum main chain, but still guarantees security and composability.
Starknet also has a native token called STRK, which will be used to pay network fees, staking, and participate in governance.
However, not everyone is happy with the way Starknet distributes STRK tokens. On February 20, 2024, Starknet announced an airdrop program called Provisions, which will give away 700 million STRK to over one million wallets that meet certain criteria.
These criteria include users, developers, and contributors to the Starknet community, users of applications supported by StarkEx (such as dydx, Immutable, Sorare, and rhino.fi), contributors and stakers of the Ethereum protocol, and developers of selected non-crypto open-source projects.
Unfortunately, this airdrop program has received criticism from several parties, especially because it is not available to people or entities located in the United States, Russia, Cuba, Iran, North Korea, or Syria.
Apart from that, there are also those who feel it is unfair because it does not meet strict criteria, such as minimum transaction amount, activity duration, or fund volume. Some people also complain about not being able to claim STRK tokens easily, as it requires a Starknet wallet like Argentina.
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HowStarknet's response?
Responding to the criticism, Starknet said that they strive to create an airdrop program that is as fair and inclusive as possible, taking into account various factors such as security, legal, and technical.
They also said that they will continue to listen to feedback from the community and are committed to improving the user and developer experience on Starknet. Additionally, they also emphasized that the airdrop program is just one way to earn STRK tokens, and that there will be other opportunities in the future.
Starknet is one of the projects that has the potential to bring a revolution to the Ethereum ecosystem and the crypto world as a whole. With zk-STARK technology, Starknet can offer unlimited scalability for applications that require fast, cheap, and secure transactions and computing.
The STRK token will also play an important role in maintaining the functionality and governance of the Starknet network. Even though this airdrop program has received criticism from several parties, Starknet remains optimistic that they can build a strong and loyal community, which will support their vision and mission.
How To Buy Crypto With Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read also:
Starknet Plans to Distribute Tokens 'Widely' by the End of February 2024
What is the SPL Token Standard and Solana Token-2022
Understanding Leveraged Tokens
What is a Liquidity Provider Token (LP Token)?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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