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Project Starknet changes schedule for unlocking assets

StarkWare studio has changed the schedule for unlocking STRK tokens for early participants and investors. Thus, in April 2024, 64 million STRK will hit the market instead of 1.3 billion STRK.

“After listening to feedback from friends and colleagues in the ecosystem, we have adjusted the unlock schedule to be more gradual,” the project team said in a statement.

It was previously assumed that 1.3 billion STRK would be unlocked on April 15, 2024 – 13.1% of the total supply. The decision was criticized due to fears that the asset price would fall.

StarkWare CEO Eli Ben-Sasson admitted that this approach is atypical in the industry. At the same time, he tried to reassure the community, noting that delaying the unlocking would be wrong in relation to the project team.

According to the new schedule, monthly, starting from April 15, 64 million STRK will be brought to the market – 0.64% of the total supply. From March 2025, the share will be increased to 127 million STRK – 1.27% of the total volume.

It is expected that by the end of 2024, 580 million STRK will be unlocked. This is almost four times less compared to the previous graph.

As a result of the news, the STRK rate jumped by more than 6% per day, from February 22 to February 23, 2024. At the time of writing, the asset is trading just above $2:

Source: Cryptocurrency

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