- Starknet Foundation distributes 50 million STRK tokens to early ecosystem contributors.
- The program is a part of the Early Community Member Program (ECMP), intended to honor the community members’ efforts.
- The STRK tokens are yet to be released, as the token unlock is scheduled for April 15, 2024.
In a groundbreaking announcement, Starknet Foundation revealed the distribution of about 50 million yet-to-be-unlocked STRK tokens to the ecosystem’s early contributors. The decision comes as part of the Early Community Member Program (ECMP) of the permissionless ZK-Rollup, functioning as a Layer-2 blockchain over Ethereum. As per a blog post released by the Starknet Foundation, the project aims at recognizing the efforts of individual contributors and incentivizing them with token rewards.
The tokens reserved for the ECMP represent a small fraction of ten billion STRK tokens that have been minted but are currently locked. These tokens are scheduled to be unlocked on April 15, 2024.
The platform’s official announcement drew the community’s attention to the layer-2 blockchain’s initiative in honoring individual efforts “which hugely, and positively, im…
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