The Starknet Foundation has swiftly addressed rumors sparked by leaked screenshots related to the distribution portal for its upcoming native SRTK ecosystem token.
Prior to an official announcement, Cointelegraph received information indicating that the Foundation is still in the process of finalizing how the token will be distributed among specific users, contributors, and investors. Starknet, an Ethereum layer 2 scaling solution, had initially shared its token design plans in July 2022.
The screenshots circulating online were described as “preliminary plans still in progress.” A StarkWare representative clarified to Cointelegraph that the final criteria and distribution method for STRK tokens will be disclosed once fully determined:
“The criteria cutoff for determining eligibility for token receipt or quantity is already set in the past, meaning current actions or activities won’t influence eligibility in any way.”
StarkWare also emphasized the importance of community vigilance against scams exploiting uncertainties surrounding the STRK token distribution. Various X users reposted early versions of the Starknet token distribution portal screenshots, hinting at potential requirements for receiving STRK tokens.
Another image shared online, marked by missing text and typographical errors, suggested that GitHub developers, early Ethereum adopters, stakers, and Starkex users might be eligible for STRK tokens under specific conditions. This contradicts StarkWare’s initial distribution plans from 2022.
StarkWare’s original announcement regarding STRK tokens indicated the creation of ten billion off-chain tokens. It was clarified that these tokens do not equate to equity in StarkWare, nor do they confer participatory rights or any claim against the company.
The initial token allocation plan stated that 17% would be allocated to StarkWare investors, with 32.9% going to Core contributors, including StarkWare employees, consultants, and Starknet developer partners. The remaining 50.1% were allocated to the Starknet Foundation, intended for distribution in various scenarios as indicated in the leaked screenshot.
Starknet had previously emphasized that priority would be given to developers working on core infrastructure and decentralized applications (DApps), as well as other contributors focused on ecosystem security.
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