Starknet Airdrop#1: Where to Claim and Where to Trade STRK?

Starknet, which is a Validity-Rollup (aka ZK-Rollup) Layer 2 network that operates on top of Ethereum to scale the network without compromising on security, is launching… That being said, it could be another crypto Starknet stimulus check that will be lucrative for many early users. If you want to see where you can get Starknet token, and where to trade it, read our article.. let’s take a look.

When will the Starknet token – STRK go live?

The Starknet token $STRK is live and can be traded on the decentralized exchange Aevo. From there on we will have to wait for its entry on bigger exchanges and major CEXs, possibly leveraging Infura Starknet for enhanced network interactions.

What could the initial market valuation of Starknet – STRK be?

Given the fully diluted market values of other layer 2 protocols, an initial market valuation or fully diluted market cap (FDV) of somewhere between $3-6 billion for $STRK seems realistic. This valuation would put the initial Starknet token price of $STRK somewhere between $0.30-$0.60 each, assuming a total supply of 10 billion tokens. Currently, STRK is trading at more than a dollar and half.

How much might be distributed in the initial Starknet – STRK airdrop?

9% of the total $STRK supply is being airdropped to users. With a total supply of 10 billion, around 900 million tokens or $300-600 million worth of tokens based on the estimated prices could be distributed in the first airdrop to qualifying wallets.

How to be eligible for the Starknet – STRK Airdrop?

There will be 4 different qualifying participants for Starknet’s first $STRK airdrop:

• StarkEx – Early DYDX Users
• Github – Devs are eating again, possibly developing Starknet apps or contributing to Starknet chain enhancements.
• Starknet Users – Criteria TBD
• ETH Early Adopters – Sorare Starknet players may also be considered here. ETH stakers as well.

How can I check if I qualify as an ETH Early Adopter?

You can check if you qualify as an ETH Early Adopter on the Wenser Airdrop Checker Tool website at https://www.wenser.xyz. Look for the “ETH Early Adopter” tab and input your Ethereum (0x) address. To qualify, you had to be among the first 1000 users to interact with a fresh, risky contract that later became widely used, perhaps tied to the Starknet coin ecosystem.

How Did Starkware Launch Their Token, and Why Is It Controversial?

Starkware introduced their token over two years ago on the blockchain, but it was essentially non-tradable at that time. They considered this event as the Token Generation Event (TGE). However, the decision to unlock 13% of the token supply for investors just two months after the public launch has raised eyebrows. The controversy stems from the fact that, although the tokens were introduced on-chain, the actual trading ability came much later, leading to questions about the fairness and transparency of the vesting and unlocking schedule.

The strategy employed by Starkware is indeed uncommon in the token landscape. Typically, tokens reserved for the project’s team and investors are locked for a longer period, often at least a year, to ensure the team’s commitment and to mitigate early price volatility. 

Eli Ben-Sasson, the co-founder of Starkware, stated that the unlocking of over 1.3 billion STRK tokens, valued at more than $2.15 billion, in April should not negatively impact the Starknet community. Whether this is going to be a reality will be known when the time arrives.