{"id":12888,"date":"2024-02-20T12:45:35","date_gmt":"2024-02-20T12:45:35","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12888"},"modified":"2024-02-20T12:32:25","modified_gmt":"2024-02-20T12:32:25","slug":"strk-token-rockets-to-5-post-airdrop-marks-largest-distribution-yet","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/strk-token-rockets-to-5-post-airdrop-marks-largest-distribution-yet\/","title":{"rendered":"STRK Token Rockets to $5 Post-Airdrop, Marks Largest Distribution Yet"},"content":{"rendered":"

Starknet<\/a>‘s native token, STRK, has commenced trading at $5 following an extensive airdrop campaign. This airdrop characterized as the year’s largest, distributing 728 million tokens to approximately 1.3 million addresses. The fully diluted value of STRK soared to a staggering $50 billion, accompanied by an initial market cap of $3.64 billion.<\/p>\n

Before its official launch, STRK<\/a>‘s pre-launch perpetual futures were valued at $1.80 on Aevo. Post-release, the token swiftly surged to $5 on Kucoin but experienced volatility, retracting to $3.50 in its initial trading hours.<\/p>\n

With a starting total supply of 10 billion tokens, the fully diluted value (FDV) of STRK stands at $35 billion, though its actual market cap, calculated by multiplying the current circulating supply by the current price, is $2.32 billion.<\/p>\n

A significant portion of STRK’s supply, 50.1%, has been allocated to the Starknet Foundation for community airdrops, grants, and donations. Additionally, 24.68% of the total supply will be distributed to early contributors and investors, while 32% is earmarked for StarkWare employees, consultants, and developer partners. These tokens will be gradually unlocked over 31 months, starting from April.<\/p>\n

Starknet, a layer-2 network leveraging zero-knowledge cryptography, facilitates scalability for decentralized applications (dApps) on the Ethereum blockchain. By aggregating transactions off-chain into a proof submitted to Ethereum, Starknet aims to expedite transaction processing and reduce associated fees. Layer 2 networks serve as overlays atop base blockchains (Layer-1) to alleviate congestion and enhance efficiency.<\/p>\n

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Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Starknet‘s native token, STRK, has commenced trading at $5 following an extensive airdrop campaign. This airdrop characterized as the year’s largest, distributing 728 million tokens to approximately 1.3 million addresses. The fully diluted value of STRK soared to a staggering $50 billion, accompanied by an initial market cap of $3.64 billion. Before its official launch,<\/p>\n","protected":false},"author":6,"featured_media":1462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nSTRK Token Rockets to $5 Post-Airdrop, Marks Largest Distribution Yet - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Post airdrop, Starknet's native token STRK rockets to $5. What is waiting for us? 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