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The Starknet Undertaking is altering the timeline for unlocking property

StarkWare Studio has modified the schedule for opening STRK tokens to early individuals and traders. Thus, in April 2024, 64 million STRK will likely be put available on the market as an alternative of 1.3 billion STRK.

“After listening to feedback from friends and colleagues in the ecosystem, we have adjusted the opening schedule to be more gradual,” the venture crew stated in a press release.

It was beforehand assumed that 1.3 billion STRK can be unlocked on April 15, 2024 – i.e. 13.1% of the entire provide. The resolution was criticized as a consequence of issues about falling asset costs.

StarkWare CEO Eli Ben Sasson acknowledged that this strategy is uncommon within the trade. At the identical time, he tried to reassure the group, noting that delaying the opening can be a mistake for the venture crew.

According to the brand new schedule, 64 million STRKs per 30 days, beginning on April 15, will likely be launched to the market – that's, 0.64% of the entire provide. From March 2025, the share will likely be elevated to 127 million TL - 1.27% of the entire quantity.

It is anticipated that by the top of 2024, 580 million STRK will likely be opened. This is roughly 4 instances decrease in comparison with the earlier chart.

As a results of this information, STRK's price jumped greater than 6% per day, from February 22 to February 23, 2024. At the time of writing, the asset is buying and selling simply above $2:

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