Starkware co-founder responds to STRK unlocking controversy: The team is focused on the development of the Starknet network, and delaying the lock-up period is not the right approach

2024-02-15 11:24:15
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ChainCatcher news, Starkware co-founder Eli Ben-Sasson emphasized the Starknet roadmap during an interview with Decrypt regarding the "large unlock of shares for investors and early contributors at the launch of STRK," and explained why he believes this will not harm the community.

According to public information, on April 15, less than two months after the launch of STRK, over 1.3 billion STRK tokens (accounting for 13.1% of the total STRK token supply) allocated to investors and early Starknet contributors will be unlocked for transfer and sale. Based on futures trading prices, this amount is estimated to exceed $2.15 billion.

In response, Eli Ben-Sasson explained that Starknet's airdrop structure is different from traditional models, and the team's perspective on things is slightly different as well. He also emphasized that the team's main focus is on driving the development of Starknet, rather than short-term token price fluctuations. He believes that providing rewards to contributors is reasonable and that the lock-up period should not be unduly extended out of concern for short-term price impacts.

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