Check Today's Crypto Market:
Bittime - StarkWare, a layer-2 scaling technology company for Ethereum, announced that they would postpone their STRK token lockup until March 1, 2024. This decision was taken after receiving criticism from the community over the STRK token airdrop which was considered unfair and non-transparent.
The STRK token airdrop is a token distribution program carried out by StarkWare to users who have interacted with the Starknet platform, a layer-2 scaling solution built by StarkWare.
Starknet is a Validity Rollup that uses STARK technology to ensure computational integrity and unlimited scale for Ethereum-based dapps. By using Starknet, dapps can improve their efficiency, security, and user experience.
However, the STRK token airdrop sparked controversy because many users felt they did not get tokens commensurate with their contributions. Some users complained that they didn't get any tokens at all, while others got fewer tokens than expected.
In addition, many users do not know the airdrop criteria and mechanism, because StarkWare does not provide clear and detailed information.
StarkWare admitted that they had made a mistake in the airdrop process and apologized to the community. They also promised to carry out an audit and revision of the airdrop, as well as provide compensation to users who were harmed.
Also read How to Buy Crypto:
To allow time for this process, StarkWare decided to postpone the STRK token lockup, which was originally planned to end on January 1, 2024, until March 1, 2024.
STRK token lockup is a period during which STRK tokens distributed via airdrop cannot be traded or transferred by their owners. The purpose of the lockup is to prevent mass sales of tokens which could reduce the price and value of the token.
By delaying the lockup, StarkWare hopes to provide certainty and fairness to users who have supported and used Starknet.
Starknet itself is one of the most promising layer-2 scaling solution projects in the Ethereum ecosystem. Using the Cairo smart contract language, developers can create creative and innovative applications on Starknet. Some dapps that have been running on Starknet include DyDx, Immutable X, NFTPort, and Gods Unchained.
Starknet also has an active and enthusiastic community, which is involved in various activities and events hosted by StarkWare. One of the upcoming events is Starknet Hacker House Denver, which will take place February 22-27, 2024, before ETH Denver 2024. This event will provide an opportunity for developers to learn, collaborate, and compete in building dapps on Starknet.
For those of you who are interested in trying Starknet, you can visit their official website at starknet.io or starknet.id, which is the identity platform for the Starknet ecosystem.
You can also buy and sell STRK tokens on Bittime, a superior crypto asset trading platform that provides more than 200 crypto assets, low transaction fees and admin fees, and is registered and supervised by BAPPEBTI and KOMINFO.
How to Buy STRK Tokens on Bittime
You can buy and sell STRK tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. STRK is available on Bittime with STRK IDR pairing.
To be able to buy STRK/IDR tokens 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 Bittime assets is IDR 10,000. After that, you can purchase STRK in the application. Learn a more complete guide on how to buy STRK on Bittime
Monitor price chart movements for STRK Network (STRK), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
STRK Airdrop: 1.3 Million Wallets Get Free Airdrop of $STRK Tokens
Starknet Begins to Respond to STRK Token Airdrop Issues
Starknet STRK Token Price Drops 53%, Token Distribution Reaps Criticism
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.
Comments
0 comments
Please sign in to leave a comment.