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StarkWare optimizes the STRK token unlocking plan for early contributors and investors: 0.64% will be unlocked every month starting in April and will

StarkWare optimizes the STRK token unlocking plan for early contributors and investors: 0.64% will be unlocked every month starting in April and will

CointimeCointime2024/02/23 00:24
By:Cointime

StarkWare announced that in response to feedback from ecosystem friends and partners, it will adjust its STRK token unlocking plan for early contributors and investors in a more gradual manner. StarkWare is committed to winning the trust of the community by building excellent technology that embodies the value of blockchain and stands the test of time. During the initial development of Starknet, the support of early contributors and investors was crucial for StarkWare. According to the original plan, the approximately 1.3 billion tokens (about one-third of the total) held by these early participants were expected to be unlocked on April 15. However, after reviewing recent community feedback, StarkWare decided to make the unlocking schedule more gradual. The revised plan is as follows: the 13.4% (134 million tokens) originally planned to be unlocked on April 15 will be adjusted to only unlock 0.64% (64 million tokens). After that, 0.64% (64 million tokens) will be unlocked each month until March 15, 2025, followed by unlocking 1.27% (127 million tokens) each month for the next 24 months until March 15, 2027. According to the new plan, by the end of 2024, the amount of tokens that early contributors and investors will unlock will be reduced from the original plan of 2 billion to 580 million. By the end of 2025, an additional 1.4 billion tokens will gradually be unlocked, followed by unlocking 1.5 billion by the end of 2026, and 380 million will be unlocked by March 15, 2027.

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