Markets News Report
December 01, 2023

Starknet Foundation Clarifies Airdrop Speculations Amid Social Media Buzz

Starknet Foundation Clarifies Airdrop Speculations Amid Social Media Buzz

Starknet Foundation — responsible for the Ethereum Layer 2 network Starknet, recently addressed the buzz created by screenshots circulating on social media, which hinted at an upcoming airdrop.

These screenshots, believed to be early drafts from Starknet’s website, sparked widespread speculation among users with their criteria listings for the airdrop. However, they also raised doubts due to incomplete content and spelling errors in the project’s name.

In response, the Starknet Foundation stated that these images represented draft plans still under development.

Tech teams build and test different front ends, some of which see the light of day and some which don’t.

Starknet commented

The foundation reassured the community that it would share the finalized criteria and allocation details once ready. It also confirmed establishing the eligibility cutoff date for the airdrop, emphasizing that no further actions by users would impact their eligibility.

The airdrop plans align with Starknet’s past announcements. In 2022, the foundation had hinted at a community reward during the revelation of the Stark token. They announced the issuance of 10 billion Stark (STRK) tokens, with 50% retained by the organization and the rest distributed among core developers, ecosystem contributors, and the community.

Starknet operates as a decentralized Layer 2 network over Ethereum, utilizing zero-knowledge roll-up solutions.

This technology condenses multiple transactions off-chain before collectively publishing them on the Ethereum network.

StarkWare initially designed Starknet, and now the Foundation is spearheading its development, marking significant progress in Ethereum’s Layer 2 capabilities.

About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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