jobless (@jobless) • Hey
jobless (@jobless) • Hey
Publications
- I am even too lazy to wake up, skipping this day
- **$STRK from StarkWare was officially deployed in Ethereum on November 2022. 🐺**
Since then, the team has been moving tokens around.
Some expect an airdrop and token launch to happen later this year 🪂
A thread: how to potentially get and what we know about $STARK so far 🧵
1/7
Quick recap:
• $STRK is the token of StarkWare: an $8B web3 company that invented the StarkNet tech stack (StarkEx, StarkGate, etc).
• Everyone was speculating with a $STARK token/airdrop until scammer Zhu Su from 3AC leaked an email from StarkNet confirming the token
2/7
• StarkWare was then forced to confirm the token, so they released three blog posts:
1. StarkNet Sovereignty 🔗 https://medium.com/starkware/part-1-starknet-sovereignty-a-decentralization-proposal-bca3e98a01ef
2. Decentralization and Governance 🔗 https://medium.com/starkware/part-2-a-decentralization-and-governance-proposal-for-starknet-23e335645778
3. StarkNet Token Design 🔗 https://medium.com/starkware/part-3-starknet-token-design-5cc17af066c6
Tokenomics 👇
3/7
Token utility
This token will be required for:
(i) governance,
(ii) payment of transaction fees on StarkNet, and
(iii) participation in StarkNet’s consensus mechanism (staking)
4/7
Airdrop information 🪂
They allocated 9% for "Community provisions":
• Being the StarkEx L2 user (dYdX, Immutable X, etc).
• Snapshot: June 1, 2022
If you got the dYdX airdrop, you probably have $STARK too
This is open to interpretation, the original text below 👇
5/7
There is also 8.1% that's "Unallocated", to be decided by the community.
This can also mean an airdrop to past StarkNet users if the community decides it.
This is why some still speculate that trying new StarkNet protocols (even now) might get them $STARK in the future
6/7
What else do we know?
The official $STRK smart contract has already been deployed:
🔗 https://etherscan.io/token/0xca14007eff0db1f8135f4c25b34de49ab0d42766
• Total supply: 10B
• Transactions: 404
• Holders: 226
Speculation: StarkWare is moving $STRK to investors so they get the token before TGE
7/7
Bottom Line
• There has not been a $STRK airdrop confirmed for StarkNet Early Network participants, but there is around 8% of the supply that's "unallocated"
• Here is an Airdrop Strategy to try a few protocols 👇
https://twitter.com/OlimpioCrypto/status/1576935798871851009
⚡️
- What would be the top priorities you would set for U.S. Policymakers when it comes to common sense crypto policy? Here are mine:
1. Regulate USD-denominated and full-reserve stablecoins, and ensure they are banked.
2. Cleanly regulate U.S. based exchanges and custodians without breaking their products.
3. Introduce a safe harbor that takes a market cap and volume weighted approach to token regs.
4. Leave NFTs, DeSoc, DePIN, and non-financial crypto applications the hell alone.
5. Encode privacy rights and self-custody rights in statute.
Fire away!
- sup duddess?
- lens sneakerz
- What would be the top priorities you would set for U.S. Policymakers when it comes to common sense crypto policy? Here are mine:
1. Regulate USD-denominated and full-reserve stablecoins, and ensure they are banked.
2. Cleanly regulate U.S. based exchanges and custodians without breaking their products.
3. Introduce a safe harbor that takes a market cap and volume weighted approach to token regs.
4. Leave NFTs, DeSoc, DePIN, and non-financial crypto applications the hell alone.
5. Encode privacy rights and self-custody rights in statute.
Fire away!
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