As part of the newly announced “Devonomics” initiative, developers would get approximately $3.5 million of network fees, according to a joint announcement made on Tuesday by the Starknet Foundation and StarkWare, the developer company behind Starknet, a layer-2 blockchain running on Ethereum.In order to sustain the Starknet ecosystem, a press statement states that roughly 10% of the network fees from the project’s inception until November 30th, or about 1,600 ETH, will be dispersed.Distributions in the future will happen in STRK, the Starknet blockchain’s native governance token, over time.Right now, developers of Starknet core will receive 2% of the fees, with 8% going to those who create “dApps,” or decentralized apps.
The statement follows last week’s revelation by the Starknet Foundation of preparations for a potential 1.8 billion STRK token airdrop; however, a Starkware spokesman confirmed that the tokens from Devonomics are unrelated to the earlier disclosure.
“Since Day 1, devs have brought Starknet to life and their work is generating the network’s fees,” StarkWare co-founder and CEO Uri Kolodny said in a press release. “Allocating a portion of the fees back to dApp builders – provisionally set at 8% – will enable them to do more to make the network even bigger and bolder.”