StarkWare, a blockchain firm developing layer 2 scalability protocol Starknet, announced that it is changing the token release structure set for STRK.
The move comes after concerns from the community that the initial plan might enable the network’s investors to dump their holdings onto retail Starknet users.
StarkWare Releases New Token Release Structure
Initially, StarkWare intended to unlock 1.3 billion STRK coins for investors and early contributors on April 15, following the token launch earlier this week. However, the short cliff period sparked controversy among Starknet users and the wider crypto community. Concerns arose regarding the significant unlock, representing approximately 13% of the total STRK supply, and its potential impact on the token’s price.
In a post on X, StarkWare announced it would review its lockup schedule following the feedback and implement a more gradual token release for its early contributors and investors.
Important update:
After listening to feedb
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