Cryptocurrency Q&A
Will StarkWare have a token?
Will StarkWare have a token?
Nicola
Tue Sep 17 2024
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6 answers
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I'm curious to know if StarkWare, the renowned blockchain scaling company, has any plans to release a token in the NEAR future. With their innovative zk-Rollups technology enabling significant transaction speedups and cost reductions on Ethereum, the potential for a StarkWare token seems promising. However, I understand that the company may prioritize its core mission of scaling blockchain networks before considering such a move. So, will StarkWare eventually introduce a token to the market, or are they solely focused on enhancing blockchain scalability for now?
6 answers
Elena
Thu Sep 19 2024
Starknet tokens were first introduced by StarkWare in May 2022, with a total supply of ten billion. This significant issuance marked the beginning of the token's journey into the cryptocurrency landscape.
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SakuraWhisper
Thu Sep 19 2024
The actual minting of these tokens onto the blockchain occurred on November 30th, 2022, following months of anticipation and preparation by the StarkWare team.
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HanbokGlamourQueen
Wed Sep 18 2024
A portion of the tokens were allocated specifically for StarkWare's team members, recognizing their crucial contributions to the project's development and success.
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WhisperInfinity
Wed Sep 18 2024
Additionally, early contributors to the Starknet ecosystem were also rewarded with a share of the tokens, serving as a testament to their support and belief in the platform's potential.
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SumoPowerful
Wed Sep 18 2024
To ensure a fair and responsible distribution of the tokens, a lock-up schedule was implemented for both team members' and early contributors' allocations. This mechanism helps prevent market manipulation and promotes stability in the token's price.
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