More than 1.8 billion STRK tokens will be distributed “soon,” according to a tweet released on Friday by the Starknet Foundation, the organization in charge of advancing the Ethereum scaling technology known as StarkWare technology.
StarkWare uses ZK rollup technologies, which bundle hundreds of transactions off the main blockchain to decrease computational burden, to solve the sluggish throughput and transaction fees of the main Ethereum network.Fifty million STRK tokens were set aside by the Starknet Foundation in October for the new Early Community Member Program, or ECMP for short.
According to Starknet, the foundation’s Provisions Committee has been given about 900 million STRK to honor past and future contributions made by users and community members.It stated that 900 million more tokens are set aside for user reimbursements.
Regarding the user rebates, Starknet said: “Planning for this initiative is currently underway and a new committee is being formed to oversee the distribution of STRK to reward users for their vital transactions on the network.”