Starknet Price Jumps After Ethereum Scaler Bows to Pressure Over Token Unlock Schedule

StarkWare, the startup behind the Ethereum scaling network Starknet, announced Thursday that it will revise its STRK token allocation schedule for contributors and investors following backlash from the crypto community.

The company will spread out its allocations over the course of years rather than conducting a sizable planned STRK unlock this April. The price of STRK jumped following the announcement.

Important update:

After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual.

We value this community and want to earn its trust by building great tech that…

— StarkWare (@StarkWareLtd) February 22, 2024

This story is breaking and will be updated with additional details.

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Source: https://decrypt.co/218626/starknet-ethereum-scaler-revises-token-unlock-schedule