Ethereum

Token

Starknet

Foundation

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/starknet-token-gears-up-for-crypto-exchange-listings" rel="noopener noreferrer nofollow">Starknet Token Gears Up for Crypto Exchange Listings</a><br></p>
<p style="text-align: justify">The cryptocurrency community shows keen interest in the introduction of Starknet’s native token (STRK) to multiple trading platforms. Starknet, building on the <a href="https://en.bitcoinhaber.net/ethereums-potential-surge-with-upcoming-etf-decisions" rel="noopener noreferrer nofollow">Ethereum</a> Layer-2 architecture with a ZK-Rollup solution, is designed to enhance the scalability of decentralized applications. Recently, the Starknet Foundation has outlined how its token will play a pivotal role in the network’s decentralization and governance.</p>
<h2 id="listing-schedule-across-exchanges">Listing Schedule Across Exchanges</h2>
<p style="text-align: justify">Several major cryptocurrency exchanges have synchronized their schedules to list the Starknet token. MEXC and Binance plan to introduce the token at 16:00, while Kucoin and Bybit have already started trading at 15:00. OKX has accepted deposits since February 19, 2024, at 09:00 local time, with trading anticipated to commence today upon meeting liquidity requirements. Bitfinex began accepting deposits the previous day, with trading expected to follow suit today. Moreover, Kraken has initiated trading at 15:45.</p>
<h2 id="market-anticipation-and-distribution-updates">Market Anticipation and Distribution Updates</h2>
<p style="text-align: justify">The anticipation for the token is tangible, with Binance updating the community about the completed distribution of 10,178,280 STRK tokens from the Starknet Foundation to users who have staked ETH on their platform. This eagerness is reminiscent of the recent Pixels listing, where a trading volume of $1.4 billion within the first 24 hours indicated market excitement.</p>
<p style="text-align: justify">The potential for a more equitable price discovery for STRK will increase as additional exchanges begin trading at 16:00. This is because a broader spectrum of investors will have the opportunity to engage with the cryptocurrency, thereby facilitating a more balanced market valuation.</p>
<h2 id="investor-considerations-during-listings">Investor Considerations During Listings</h2>
<p style="text-align: justify">Investors are advised to exercise caution during the initial trading period. Quick buying after the first listing can lead to volatile price swings and potentially high entry levels. Since predicting these fluctuations is challenging, it is advisable to track the price movements closely after the launch. Analysts also recommend holding off on immediate purchases to avoid steep entry costs and to consider the impact of those receiving airdropped tokens on the sale dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/starknet-token-gears-up-for-crypto-exchange-listings" rel="noopener noreferrer nofollow">Starknet Token Gears Up for Crypto Exchange Listings</a></h5>

Starknet Token Gears Up for Crypto Exchange Listings

Table of Contents

BH NEWS

Other articles published on Feb 20, 2024

Dogecoin Begins Massive Recovery Trend, But Can These Factors Drive A Rally To $0.2?

Shiba Inu’s Shibarium Network Sees Surge in Transactions and TVL

Investors Buying & Selling NFTs Pump +70% This Week – The NFT Summer Is Building Up

Ripple Moves 60 Mln XRP Right Before Remedies-Related Discovery Deadline

Bankrupt Crypto Exchange Suspected of Moving Funds to Evade AML Checks

Does Worldcoin (WLD) Have Competition With This New Palm-Recognition Project?

Join our free newsletter for daily crypto updates!