November 8, 2024

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Starknet token distribution not yet finalized, despite speculation over portal screenshots

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Starknet token distribution not yet finalized, despite speculation over portal screenshots

The Starknet Foundation has moved quickly to quash speculation around screenshots of early iterations of a distribution portal for the upcoming launch of its native SRTK ecosystem token.

Information shared with Cointelegraph ahead of an announcement on X (formerly Twitter) outlined that the Foundation is still developing plans to distribute the token to certain users, contributors, and investors. The Ethereum layer 2 scaling network previously outlined initial plans for the Starknet token design in

The initial plans for token allocation noted that 17% would go to StarkWare investors, and 32.9% to Core contributors, including StarkWare employees, consultants, and Starknet developer partners. The remaining 50.1% were granted to the Starknet Foundation and are earmarked to be distributed for a variety of instances as per the screenshot below:

Starknet had previously stressed that precedence would be given to developers of core infrastructure and decentralized applications (DApps) as well as other contributors to ecosystem security. 

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