Bittime - Starknet's agenda, from the release of the Starknet Catalyst program to the $20 Million token giveaway. These two agendas from Starknet seem to be running simultaneously.
Even though they seem different, in fact the two Starknet agendas have the same meeting point, namely improving performance while attracting additional users.
Starknet Catalyst Program on the Starknet Agenda
Ethereum Layer 2 scaling solution Starknet, leveraging zk-rollup to process transactions, has launched an exclusive project.
The exclusive project, introduced as the Starknet Catalyst Program, focuses on providing support for applications that users can access at every stage of development.
Through X's account, Starknet has revealed this interesting development.
Say hello to the Starknet Catalyst Program, designed to support user-facing applications 🎉
— Starknet 🐺 (@Starknet) May 28, 2024
With this, the @StarknetFndn has support programs in place for all applications at every stage in their development cycle.
Come build on Starknet and be supported today!
Next – Users,… https://t.co/v4xfwBFchn
Starknet Catalyst Program Improves User Experience
Apart from announcing the project, Starknet also invited developers to participate in developing it.
Starknet said that they are working on a large project that will be launched soon, with an announcement scheduled for the third quarter of this year.
The goal of this effort, according to Starknet , is to accelerate transformative change in their ecosystem.
Additionally, it says that Catalyst is focused on improving consumer experience. To achieve this goal, the company is funding various use cases aimed at improving user experience through exclusive features and better interfaces.
Also Read: Babylon Opens Testnet-4 Bitcoin Staking Capacity Next Week!
The project aims to provide benefits to consumers by improving the on-chain experience of decentralized applications.
According to the company, this announcement follows its Seed Grants Program which targets early-stage applications.
Starknet Foundation plans to leverage Catalyst, Seed Grants, and future projects to support developers.
Thus, they aim to support such projects at every stage of the development cycle.
Check Today's Crypto Market:
Major Grant from Starknet Catalyst Program for dApps
On Starknet's agenda in the form of the Starknet Catalyst Program, there are quite large grants that have been prepared for leading dApps .
Each of these dApps reportedly promotes long-term sustainability and innovation. Additionally, Starknet consumers enjoy an engaging experience.
With all this, the company is setting new standards for excellence and impact.
The company emphasized that this project shows its commitment to promoting innovation and supporting applications.
Also Read: Latest Starknet Update Brings StarkGate 2.0 to Mainnet
According to Starknet, the Catalyst Program is a prime example of the platform's dedication to supporting ecosystem projects.
They claim that this program combines a developer-friendly environment with cutting-edge technology in an extraordinary way.
Thus, the platform is reported to be an ideal forum for innovators. The company uses advanced ZK-STARK technology, which ensures application scaling without compromising security.
Additionally, this technology offers a great experience for both developers and consumers.
Starknet Agenda Gives Out $20 Million Tokens
Starknet's next agenda, which is no less interesting than the Starknet Catalyst Program, is giving away tokens worth $20 million.
Starknet's agenda for distributing $20 million in tokens is a continuation of the Starknet Catalyst Program in the context of grant distribution.
As part of the new Catalyst program, the Starknet Foundation will distribute approximately $25.2 million worth of Starknet tokens to 21 of the best-performing projects in the ecosystem.
Also Read: DFlow Launches Beta on Solana Mainnet, Public Access Opens in June
The program chooses to reward the best protocols used by users based on various factors evaluated by the Stark Foundation together with independent third parties, according to Diego Oliva, CEO of the Starknet Foundation.
Oliva told Cointelegraph, “We assess a number of metrics with varying weights such as Total Value Locked, Fees Generated, Active Users, External Funding, Security Audits, and several other metrics.”
Also Read How to Buy Crypto:
Starknet Innovation Acceleration
The grant program aims to accelerate innovation on Ethereum's layer-2 scaling solution, Starknet, which uses zero-knowledge rollup technology.
These grants will be divided into two categories: one for advanced-stage projects and another for new projects being built in the network.
The six best-performing projects eligible for the grant are Ekubo, a token launch platform; AVNU, a DeFi protocol with gasless trading; Influence, a completely on-chain grand strategy game; Realms, an on-chain gaming world; Nostra, a DeFi protocol with an upcoming super crypto application; and ZKX, a decentralized perpetual futures exchange.
Also Read: Fantom Collaborates with Google Cloud to Spur dApp Development
Still in the Web3 Game Sector
Web3 gaming remains one of the key emerging use cases for Starknet, where the network continues to build high-speed infrastructure with low transaction costs.
According to Oliva, “Starknet has rolled out and will continue to roll out a series of improvements focused on increasing transaction speed, reducing latency and transaction fees. This benefits on-chain gaming as well as DeFi applications, which are also a group of applications that have seen a lot of success from Starknet.”
In addition to gaming and decentralized finance (DeFi), Oliva hopes this grant program will spark the emergence of more creative blockchain use cases on the network.
Starknet is the seventh-largest Ethereum layer 2, with total value locked (TVL) of more than $1.08 billion and a market share of 2.32%, according to L2beat.
The Ethereum layer-2 network as a whole has a cumulative TVL of over $46 billion.
Check Crypto Prices Today:
Full Starknet Support
The new funding program for developers launches three weeks after the Starknet Foundation announced an initial $5 million grant program.
The program aims to support at least 200 promising teams, each with $25,000 in USD Coin (USDC), providing the “final push” to help launch late-stage projects on Starknet.
The Starknet Foundation also plans additional grant programs in the future as part of the Catalyst program.
How to Buy Starknet (STRK) on Bittime
You can buy and sell Starknet (STRK) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Starknet (STRK) is available on Bittime with the market pair STRK/IDR . To be able to buy STRK IDR at 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 the price chart movements of Starknet (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:
Starknet (STRK) Price Prediction 2024-2033: Will it Reach $20?
BONK Latest Price Prediction: OTW Breaks $0.00004800 this Month?
Coinbase Opens Futures Trading Arena for Memecoins $SHIB, $BONK, and $FLOKI!
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.