• Starknet has scheduled an airdrop for its native token, STRK, on February 20th.
  • Approximately 1.3 million wallets are eligible to receive the STRK token.

The Starknet Foundation has unveiled its highly anticipated token airdrop, scheduled to begin on February 20. The native token for the Ethereum layer-2 blockchain Starknet, dubbed STRK, will be distributed to approximately 1.3 million eligible wallets. Recipients will have until June 20 to claim their share of the 728 million token airdrop.

As a layer-2 blockchain leveraging zero-knowledge cryptography, Starknet has garnered significant anticipation within the crypto sphere. This STRK airdrop is designed to promote community engagement within the Starknet ecosystem.

STRK Airdrop Allocation (Source: Straknet)

Over 500,000 Starknet wallets and 600,000 StarkEx wallets qualify for the airdrop, along with 137,000 open-source developers and 19,000 ETH stakers. Notably, more than 2,000 individuals enrolled in the “Starknet Early Community Members Program” will receive substantial allocations based on their contributions to the network’s development.

The announcement comes amidst Starknet’s significant growth, with the network’s total value locked (TVL) surging from under $1 million to over $56 million within a year. Since December, the anticipation surrounding the airdrop has catalyzed a 75% increase in TVL, indicating significant community interest and engagement in Starknet’s ecosystem.

Overall, the imminent launch of the STRK token grabs significant attention within the crypto community, resonating prominently across crypto Twitter.