Starknet Changes Token Unlock Schedule for Early Investors and Funds.
Under the previous schedule, Starknet would unlock a third of the token supply for investment funds, approximately $1.3 billion worth of $STRK, on April 15th. However, this event garnered mixed reactions from both the community and retailers due to the staggering inflation rate of 200% in just 2 months.
In response to the feedback received, Starknet has rearranged the token unlock schedule to be slower, as follows:
- 64 million $STRK will be unlocked on April 15th instead of $1.3 billion.
- Subsequently, the remaining 64 million tokens will be gradually released until the end of March 2025.
As a result, in 2024, Starknet will unlock approximately 580 million $STRK with an inflation rate of about 75%, rather than the initially planned 2 billion.
This information has also led to $STRK returning to $2. In terms of strategy, this is a fairly sensible decision by the Starknet team, although it demonstrates a lack of foresight in organizing tokenomics from the outset, which is also a concern for retailers. Show Less
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