StarkWare responded to the concerns of early contributors by revising its token lockup policy. They have opted for a more progressive release of STRK Tokens.
StarkWare is the company that created the StarkWare. Ethereum The scaling solution sSTRK), has announced After receiving negative feedback, the community has revised the schedule of token lockup for early contributors and investor.
Prior to this, a large number of tokens (approximately 1,3 billion) was scheduled to be unlocked on April. 15. StarkWare, however, has chosen to take a more gradual and logical approach in the unlocking of features.
The revised plan will release 64 million tokens per month until March 15th, 2025. 15, 2025. After that, the monthly pace will be increased to 127,000,000 tokens for the next There are 24 months left until 15 Mar. 2027. 15, 2027.
The adjusted timeline means that, instead of the originally planned 2 billion tokens, only 580,000,000 will be unlocked at the end 2024.
StarkWare has announced that it will be changing the locking schedule for after “listening to feedback from ecosystem friends and collaborators.” The STKR token has undergone a dramatic correction in price, dropping from $6.30 down to $3.50 in a matter of days. The price volatility caused a stir in the Starknet community. Some expressed concerns over the market impact of an upcoming large token release scheduled for April.
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Source: crypto.news
