TL;DR
- The debut of Starknet (STRK) has generated great interest, showing high volatility on exchanges.
- The massive distribution of tokens through airdrop seeks to promote adoption of the platform.
- With a supply program, Starknet shows commitment to its growth and the community.
The launch of Starknet (STRK), the native token of the Starknet platform on Ethereum Layer-2, has generated intense interest in the cryptocurrency market.
Since its debut on major exchanges, STRK price has witnessed significant volatility, reflecting excitement and uncertainty among investors.
In early trading, the value of STRK on KuCoin reached $5, only to drop sharply to lows of $2.10 shortly after.
Similarly, on other exchanges, STRK recorded a high of $4.41 before declining to $2.30, marking a 47% decline.
According to the most recent data from CoinMarketCap, the price of Strike (STRK) stands at $12.96, with a change of 0.02% in the last 24 hours.
Its market capitalization represents approximately 0.13% of the total cryptocurrency market, with a total value of $58,396,437, ranking it #521 in terms of market capitalization.
STRK’s market debut coincided with a massive token distribution via airdrop announced by the Starknet Foundation
More than 700 million tokens were distributed to 1.3 million eligible addresses, a strategy intended to encourage community participation and adoption of Starknet.
In addition to the airdrop, the Starknet Foundation implemented a provisioning program that allocates 50% of the tokens to the community.
This includes early contributors, active users, StarkWare employees, Ethereum developers and validators.
This initiative seeks to reward those who have contributed to the development and growth of Starknet.
The availability of STRK on major exchanges such as Binance, KuCoin, and Bitfinex has provided greater accessibility for investors interested in acquiring the token.
Binance, for example, distributed over 10 million STRK to users who staked Ethereum on its platform, at a ratio of 10.26375 tokens per ETH staked.
STRK trading on Binance began promptly at 13:00 UTC on February 20, marking another important milestone on Starknet’s path to mass adoption.
The launch of Starknet has been an exciting and dynamic event in the world of cryptocurrencies.
With its airdrop, provisioning program, and support from major exchanges, Starknet positions itself as a platform with significant potential in the Ethereum ecosystem and beyond.
