Starknet

Users of the blockchain are upset because they’re not eligible for the airdrop due to minimum wallet requirements, and they feel the unlock schedule benefits investors too much, leaving them dissatisfied.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />In the last week, there has been a notable decrease in the number of people using Starknet, the blockchain platform. This decline comes as more users express dissatisfaction with the Starknet Provisions Program airdrop.<h3 id="starknet-s-active-users-surge-ahead-of-airdrop-announcement">Starknet’s Active Users Surge Ahead of Airdrop Announcement</h3>According to data from Starkscan, the Ethereum <a href="https://cryptosheadlines.com/shiba-inu-launches-shibarium-layer-2-blockchain/" rel="noopener noreferrer nofollow">layer-2 blockchain</a> experienced a significant increase in active users, soaring from under 20,000 on February 9 to over 220,500 by February 14. This spike occurred as users and <a href="https://cryptosheadlines.com/coinbase-adds-support-for-solana-network-airdrop/" rel="noopener noreferrer nofollow">airdrop participants rushed to the network</a> in hopes of securing an allocation.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines005-4.webp?resize&#61;640%2C337&amp;ssl&#61;1" />A three-month chart of active Starknet – Source: StarkscanHowever, following the release of details for Starknet’s scheduled airdrop on February 20, active user numbers <a href="https://cryptosheadlines.com/grok-drops-sharply-elon-musk-scam-rumors-trigger-31-million-sell-off/" rel="noopener noreferrer nofollow">dropped sharply</a>, nearing levels seen before the announcement. On February 19, the network recorded just over 84,000 <a href="https://cryptosheadlines.com/shibarium-surges-254-in-new-accounts-activity/" rel="noopener noreferrer nofollow">active accounts</a>.Starknet’s users and community members have <a href="https://cryptosheadlines.com/elon-musk-expresses-concern-over-openais-discovery-influences-sam-altmans-exit/" rel="noopener noreferrer nofollow">expressed concerns</a> about the airdrop criteria. Specifically, they are dissatisfied with the exclusion of users who had less than 0.005 ETH in their account on November 15, 2023, an amount worth approximately $10 at the time, from receiving <a href="https://cryptosheadlines.com/justin-sun-alleges-huobi-founders-brother-obtained-and-profited-from-free-ht-token-distribution/" rel="noopener noreferrer nofollow">token distributions</a>.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /><h3 id="starknet-addresses-user-concerns-regarding-airdrop-exclusions">Starknet Addresses User Concerns Regarding Airdrop Exclusions</h3>Many users across the X platform and Starknet’s Discord community have reported missing out on token distributions despite <a href="https://cryptosheadlines.com/ethereum-eth-price-hits-2k-amid-surging-network-activity/" rel="noopener noreferrer nofollow">actively participating in the network</a>. This exclusion is attributed to not meeting the minimum wallet requirement, even though these users have conducted significant transactions and contributed liquidity to the platform, amounting to thousands of dollars.<a href="https://cryptosheadlines.com/worldcoin-wld-prices-surge-by-80-large-investors-gather-more/" rel="noopener noreferrer nofollow">Also Read: Worldcoin (WLD) Prices Surge by 80%; Large Investors Gather More</a>In a post on X dated February 19, Starknet acknowledged the <a href="https://cryptosheadlines.com/cryptoquant-ceo-seeks-user-feedback-for-etf-dashboard-enhancement/" rel="noopener noreferrer nofollow">feedback regarding users</a> being left out due to specific Provisions criteria. The project assured users that they are <a href="https://cryptosheadlines.com/dogecoin-faces-dire-situation-as-daily-active-addresses-plummet/" rel="noopener noreferrer nofollow">actively working to address</a> these concerns. However, Starknet emphasized that finding a solution will take time as it requires thorough research, design, and testing.<blockquote>gm Starklings, one day to go!For those eligible, STRK Provisions will be live and available to claim tomorrow, 20.02.2024 at 12pm UTC. To check your addresses and to claim, please take care to use the correct URL, linked here: <a href="https://t.co/jcQQuD8uOX" rel="noopener noreferrer nofollow">https://t.co/jcQQuD8uOX</a>.We thank everyone who&#39;s…— Starknet Foundation (&#64;StarknetFndn) <a href="https://twitter.com/StarknetFndn/status/1759594536962003001?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 19, 2024</a></blockquote><h3 id="starknet-s-token-unlock-and-market-dynamics">Starknet’s Token Unlock and Market Dynamics</h3>One contentious issue among Starknet users revolves around the token <a href="https://docs.starknet.io/documentation/architecture_and_concepts/Economics-of-Starknet/" rel="noopener noreferrer nofollow">unlock schedule</a>, particularly regarding the distribution of 1.3 billion STRK tokens—equivalent to about 13% of the total supply—on April 15, just two months after the platform’s launch. This schedule appears to heavily favor Starknet investors and early contributors.In contrast, approximately 700 million STRK tokens, accounting for about 10% of the total supply, are set for distribution on February 20. This discrepancy in distribution timelines has raised eyebrows within the Starknet community.At present, STRK is trading for up to $1.98 on pre-market perpetual <a href="https://app.aevo.xyz/perpetual/strk" rel="noopener noreferrer nofollow">exchanges Aevo</a> and HyperliquidX. This suggests that the platform’s market capitalization could reach around $1.38 billion at launch, highlighting significant potential value.<a href="https://cryptosheadlines.com/dogecoins-price-declines-despite-increasing-holder-base/" rel="noopener noreferrer nofollow">Despite a decline</a> in active users, Starknet’s total value locked remains considerable, currently standing at $54.18 million. However, this figure represents a decrease of approximately 5.7% from its all-time high of $57.5 million recorded on February 14, according to <a href="https://defillama.com/chain/Starknet" rel="noopener noreferrer nofollow">data from DefiLlama</a>.<a href="https://cryptosheadlines.com/cardano-ada-latest-status-and-network-activity/" rel="noopener noreferrer nofollow">Also Read: Cardano (ADA): Latest Status and Network Activity</a>Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Starknet User Decline Due to Token Distribution Discontent

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