Starknet to Distribute Native Token to 1.3 Million Wallets Amid Controversy

The distribution of STRK tokens aims for inclusivity but faces criticism over the rapid unlock schedule for investors.

Starknet's native token STRK is set to be distributed to nearly 1.3 million wallets starting February 20, marking a significant step in the network's decentralization and governance.
The distribution includes a wide range of beneficiaries, from Ethereum stakers and developers to non-Web3 open-source software developers, aiming to set a new precedent in inclusivity.
Core contributors and investors will see the first tranche of their tokens unlocked just two months after STRK becomes tradable, sparking controversy within the crypto community.
Pre-launch futures on decentralized exchange Aevo suggest STRK could debut with a market cap of over $1 billion, indicating high anticipation and market excitement.
The distribution plan has faced criticism for its rapid unlock schedule for investor tokens, but Starknet maintains that it balances the commitment of various contributors to the project.