The StarkNet Foundation has officially announced the allocation of 1.8 billion STRK tokens for user rebates and provisions. This incredible amount of tokens is noteworthy, as it will further entice and promote growth and participation within the StarkNet eco-system. The tokens will be given out according to the following brand new structure:
1. 800 Million STRK tokens will be allocated to reward users for depositing and holding STRK tokens on the StarkNet Platform. This is intended to incentivize users to purchase and hold STRK tokens as the value of the token increases over time.
2. 650 Million STRK tokens will be allocated to the StarkNet Provisons Committee, which will be responsible for regulating and managing the StarkNet economy. This committee is made up of Bureau De Change (“BDCs”) partners, and aims to ensure the stability and compliance of the StarkNet platform.
3. 350 Million STRK tokens will be allocated to be distributed to the users of StarkNet exchange partners. Exchange partners are highly incentivized to join the StarkNet platform and start trading with their users. Users will get a small portion of these tokens for every trade they do on StarkNet.
The StarkNet Foundation is committed to continuing to expand the reach of the StarkNet platform, and this giant allocation of tokens is just one of the ways it is working to achieve this goal. This is an incredibly exciting milestone for the basics of the platform, and its users, and further confirms StarkNet’s commitment to becoming the premier blockchain-based payment solution.