StarkWare Adjusts STRK Token Unlock Schedule to Address Community Concerns

In response to feedback, StarkWare revises its STRK token lockup schedule, significantly reducing the initial unlock amount to foster market stability and trust.

StarkWare, the developer behind Starknet, revises its STRK token lockup schedule following criticism from the community and investors.
The revised schedule significantly reduces the initial unlock amount from 13.4% to 0.64%, aiming to prevent market disruption and ensure long-term alignment with the Starknet ecosystem.
The adjustment reflects StarkWare's commitment to transparency, community trust, and market stability, with a more gradual release of tokens planned.
Under the new plan, only 580 million tokens will be unlocked by the end of 2024, compared to the 2 billion initially scheduled.
The STRK token price saw a positive market response, jumping as much as 10% following the announcement of the revised schedule.