Overview

• StarkWare, the developer behind Starknet, revises its STRK token lockup schedule following criticism from the community and investors.
• The revised schedule significantly reduces the initial unlock amount from 13.4% to 0.64%, aiming to prevent market disruption and ensure long-term alignment with the Starknet ecosystem.
• The adjustment reflects StarkWare's commitment to transparency, community trust, and market stability, with a more gradual release of tokens planned.
• Under the new plan, only 580 million tokens will be unlocked by the end of 2024, compared to the 2 billion initially scheduled.
• The STRK token price saw a positive market response, jumping as much as 10% following the announcement of the revised schedule.