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StarkWare, made an announcement after users feedbacks. StarkWare published their statemen at X.
StarkWare’s Announcement Attracted Attention
StarkWare announcement at X is as follows:
Following feedback from our ecosystem friends and collaborators, we’ve decided to revise the lockup schedule for StarkWare’s early contributors and investors, making it more gradual.
Our community’s trust is paramount, and we’re committed to demonstrating our dedication through innovative technology that upholds blockchain principles and endures over time.
Background:
Tokens allocated to StarkWare’s early contributors and investors have been subject to a lockup period. These stakeholders provided crucial support during StarkWare’s research and initial development stages of Starknet.
Originally, approximately one-third of these tokens (~1.3 billion) were set to unlock on April 15. However, after careful consideration of recent feedback, StarkWare has chosen to modify the unlocking schedule to ensure a more gradual release.
The adjusted schedule is as follows:
On April 15, 0.64% of the initially minted 10 billion tokens (equivalent to 64 million tokens) will unlock, as opposed to the previously planned 13.4% (1.34 billion tokens).
The gradual unlocking will then continue, with 64 million tokens becoming available monthly until March 15, 2025. Subsequently, the rate will increase to 1.27% (127 million tokens) monthly for the following 24 months until March 15, 2027.
Under this updated plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, compared to the 2 billion tokens previously scheduled.
Furthermore, an additional 1.4 billion tokens will gradually unlock by the end of 2025, followed by another 1.5 billion by the end of 2026, and finally, 380 million by March 15, 2027.
We extend our gratitude to the community for their invaluable feedback and contributions.