Ethereum: Starknet opens a subsidy program on its STRK token


STARK approachingStarknet is a second layer solution ofEthereum developed by StarkWare. A few months after the announcement of its STRK token, Starknet is preparing to distribute the first salvo to early contributors.

Last July, the project Starknet unveiled the tokenomics of its governance token STRK. However, no date has been communicated regarding the distribution of this token and the opening of trading.

However, this could happen faster than we thought. Indeed, on October 30, the Starknet Foundation announced the opening of applications for its Early Community Member Program.

Starknet announces its Early Community Member Program to distribute its STRK tokens

“The ECMP program is a deliberate effort to shine a light on the unsung heroes who put their hearts, skills, and time into shaping the journey of Starknet. This program is not just about lines of code; it concerns every person who plays a role in the evolution of our ecosystem. »

In practice, the Starknet Foundation has planned to allocate no less than 50 million STRK tokens to this initiative, or 0.5% of the total supply.

At the same time, it invites contributors to make themselves known before November 23. To do this, they can apply via the dedicated platform set up by Starknet.

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Who can apply?

Unlike other subsidy programs, this one is also aimed at individual contributors. Thus, it aims to support both developers and those who share their knowledge and contribute to the Starknet ecosystem.

Here are some examples put forward by Starknet:

  • People who have contributed significantly to the technical discourse of the community;
  • Individual contributors listed by key ecosystem projects;
  • Individuals who have organized events around the world (meetings, conferences, workshops);
  • Individuals who regularly posted Starknet content.

Candidates will be evaluated on several criteria, namely the impact, importance, effort and finally the originality of their contribution.

However, these tokens will not be immediately accessible. Indeed, Starknet recently pushed back the release date of its tokens by several months. Therefore, these will not be accessible before April 2024.

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