StarkNet Foundation Set to Allocate 1.8B STRK Tokens for User Rebates and Provisons’ Committee

The StarkNet Foundation is delighted to announce the allocation of 1.8 billion STRK tokens to be used for user rebates and provisions. The funds will be used to improve the eco system of users in the network, to provide more use and utility cases to the token, and to support the development of new projects. This is part of a longer-term plan to bring value to the StarkNet network and its users.

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The 1.8 billion tokens are set to be distributed on a predetermined percentage in three legs. A smaller portion of the tokens will be used by the StarkNet Provisons Committee to fund expenses related to maintaining the network and running strategic initiatives. A larger portion of the tokens will directly be available to be distributed to users who take part in the rewards program.

The StarkNet Foundation recognizes the need for ongoing incentive programs for the users of the network. The Foundation is committed to utilizing these tokens to help build engagement and provide incentives for users to actively participate in the network, thereby increasing the utility of the token.

The StarkNet team also wants to remind users of the importance of acting responsibly and ethically with their tokens. Token holders should understand the risks and think carefully before engaging in any activities related to token transfers or transactions. Additionally, it should be noted that the StarkNet network is a decentralized system that allows users to move and exchange tokens freely.

We’re thrilled to have reached this landmark moment in the development of the StarkNet network. We’re excited to see the growth and progress of our network as a result of this token allocation. Lastly, we invite everyone to join us in building a better future with StarkNet.

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