The Starknet blockchain has expanded its eligibility for the first round of airdrops to include two groups of users who previously encountered difficulties claiming STRK tokens.
FAQs about the Starknet Airdrop
-
What is an airdrop?
An airdrop is a distribution of tokens for free or at a discounted price to promote a new cryptocurrency or project. -
What is Starknet?
Starknet is a layer-2 scaling solution for the Ethereum blockchain that aims to increase transaction speed and lower costs. -
What is STRK?
STRK is the native token of the Starknet network, used for governance and staking.
Eligibility Expansion
The Starknet Foundation clarified concerns regarding the eligibility of users for the February Starknet (STRK) airdrop after a comprehensive review.
The following groups are now eligible for the first round of Starknet provisions:
- VeVe users
- Non-VeVe StarkEx users previously identified as VeVe users
- Pooled stakers
Eligible users can claim their STRK tokens in April, as per a notice from Starknet.
Eligibility Issues
Starknet acknowledged errors in a list provided by Immutable X, which incorrectly classified non-VeVe users as VeVe users. The list was originally intended to distinguish between these two groups.
VeVe users, who store their private keys on the platform, were not able to claim the airdrop directly. Therefore, Starknet distributed the tokens through VeVe.
With the list now corrected, Immutable X users who processed at least eight transactions before June 1, 2022, can now access their airdrops.
Starknet is collaborating with VeVe to resolve airdrop eligibility for VeVe users.
Additionally, there were issues with pooled ETH stakers, as some staking protocols were unable to airdrop STRK to eligible users. Starknet attributed these issues to various factors.
Several staking protocols have provided Starknet with lists of users eligible to claim their airdrop starting in April.
Starknet Airdrop Criticism
The Starknet airdrop schedule has faced criticism, with some users expressing dissatisfaction over eligibility criteria.
Eligible users were required to hold at least 0.005 ETH at the time of the snapshot on November 15, 2023, which was a source of frustration for users who had made substantial transactions but failed to meet this threshold.
Following the February 20 airdrop, a significant selloff by large STRK holders caused the token’s price to plummet by 60%, from $4.40 to $1.90.
STRK’s price has struggled to recover since the airdrop and is currently trading around $1.88.
Note that all opinions expressed in this article are the author’s own and do not constitute financial advice.
Copyright ©2023 BitsPuls.com. All rights reserved.
8 out of 10
News pulse: 6 bits out of 10
– **Significance of the news:** 6/10. The news is not highly significant as it corrects technical issues with an airdrop.
– **Innovative value of news:** 4/10. The news relates to a technical fix rather than a groundbreaking innovation.
– **Potential impact of the news on the market:** 2/10. The news is unlikely to have a substantial impact on the cryptocurrency market.
– **Relevance of the news:** 7/10. The news is relevant to users of the Starknet blockchain and those who participate in airdrops.
– **Reliability of the news:** 7/10. The news is reported by a reputable cryptocurrency news source.
– **The general tone of the news:** 6/10. The tone of the news is neutral and objective.
– **News source:** 8/10. The news comes from a reputable cryptocurrency news source with a track record of accurate reporting.