Share this article
Starknet Foundation to Allocate 1.8B STRK Tokens 'Soon'
Starknet said 900 million STRK are earmarked for the foundation’s Provisions Committee, and 900 million will be dedicated to user rebates.
Updated Mar 9, 2024, 2:17 a.m. Published Dec 8, 2023, 12:30 p.m.
The Starknet Foundation, the governing body to promote Ethereum scaling product StarkWare technology, plans to start allocating over 1.8 billion STRK tokens "soon," the foundation said in a tweet on Friday.
Now that the news is out, we might as well tell you more!
— Starknet Foundation (@StarknetFndn) December 8, 2023
Starknet is about each of you. Every user, builder and member of our community – existing and future – is a critical piece to building our network into the future of decentralisation for generations to come. The success…
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
StarkWare addresses the main Ethereum blockchain’s slow throughput and transaction fees using ZK rollup technologies that bundle hundreds of transactions off the main blockchain to reduce the computational stress.
In October, the Starknet Foundation earmarked 50 million STRK tokens for a new Early Community Member Program, or ECMP for short.
Some 900 million STRK have been allocated to the foundation’s Provisions Committee to reward past and future contributions by users and community members, Starknet said. A further 900 million tokens have been dedicated to user rebates, it said.
Regarding the user rebates, Starknet said: “Planning for this initiative is currently underway and a new committee is being formed to oversee the distribution of STRK to reward users for their vital transactions on the network.”
UPDATE (Dec. 8, 12:34 UTC): Adds link to tweet
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
