StarkNet is a Layer-2 scaling solution for Ethereum (ETH) that leverages zero-knowledge proofs (zk-Rollup) to facilitate secure, faster, and efficient transactions.
It is considered one of the fastest-growing blockchain ecosystems for developers.
The protocol’s unique and innovative consensus mechanism significantly reduces transaction costs on Ethereum while upholding the mainnet’s revered security and trustworthiness standards.
StarkNet has already launched its mainnet and is in the process of airdropping its native STRK token to eligible users who are active community members.
The zk-rollup already attracted over $200 million in total value locked (TVL) in 2023, representing a 40x increase in just one year.
This article is a guide on everything that you need to know about claiming $STRK tokens via the ongoing StarNet airdrop.
What is the STRK Token?
STRK is the native utility and governance token of the StarkNet blockchain. The cryptocurrency has three main utilities on the network:
- Governance
STRK holders can delegate their tokens on the network to gain voting rights and be able to propose improvements to the protocol. Token holders can also vote directly on changes being made to the StarkNet protocol.
- Network Fees
STRK will be used to pay for transactions, or as a gas fee, on the StarkNet blockchain. The network also accepts gas in ETH.
- Staking
As the StarkNet blockchain progresses, it will implement staking to increase network security.
Who is Eligible for $STRK Airdrop?
On February 14, StarkNet announced the eligibility criteria for the STRK airdrop.
The airdrop targets a wide range of community members, which includes everyone from early adopters and developers to Ethereum holders and open-source contributors outside of crypto.
As per the announcement, STRK tokens can be claimed on the StarkNet mainnet from noon (UTC) February 20, 2024 onwards.
The claim window will be open for 4 months, with claiming coming to an end on June 20, 2024.
A total of 700 million $STRK tokens will be available during the airdrop, which will be allocated to stakeholders and network participants in the following manner:
Ethereum Protocol Guild members will receive an additional 6 million $STRK that will be sent to their vesting contract on Ethereum.
How to Claim Your $STRK Tokens?
If you are eligible for the airdrop then there is no need to miss out on it. You can claim your $STRK between February 20 and June 20, 2024.
Here is a step-by-step guide on how to get your hands on StarkNet tokens.
- Step 1: Visit StarkNet’s official website at starknet.io
- Step 2: Click ‘Claim STRK’
- Step 3: Link your Ethereum wallet on MetaMask, Coinbase, Binance, or Trust, to the website and click ‘Connect’
- Step 4: Check the eligibility of your wallet. If you are approved then click on ‘See your allocation’
- Step 5: Check how many tokens are allocated for you
- Step 6: Click ‘Claim your tokens’
- Step 7: Read the instructions given on the page and click ‘Next’. Then answer the two FAQ questions about StarkNet on the next page. This option can be skipped if you press ‘Skip’.
- Step 8: Read through the voting and delegation information, then select who you would like to delegate STARK to. Press ‘Skip’ if you don’t wish to delegate the tokens.
- Step 9: Click ‘Complete claiming tokens’
- Step 10: Wait for your STRK tokens to arrive in the wallet connected to starknet.io
