Starknet Airdrop Plan Faces Backlash over Unlock Schedule

Reported by The Defiant, Ethereum scaling solution Starknet is being widely panned on social media after releasing the airdrop allocations of STRK tokens on Feb. 14.

One possible reason for the backlash is a popular airdrop-checking tool called Wenser, which aims to help users qualify for airdrops by analyzing their on-chain activity. Based on previously ‘leaked’ criteria, many users thought they would be eligible to claim STRK, but that turned out not to be the case once the official portal went live.

“We went from literally everyone on the timeline getting 5 figure STRK airdrops to absolutely no one at all rip,” wrote prolific NFT collector dingaling.

Another focal point of the backlash was the revelation that 1.3 billion STRK tokens allocated to the Starkware team and investors will unlock on April 15 – less than two months after the token begins trading.

Eli Ben-Sasson, the co-founder and CEO of StarkWare, the primary company behind Starknet, said that the team has no intentions of abandoning the project once token unlocks hit.

“StarkWare, and many in the Starknet ecosystem, are going to be around, building, and committed to one thing only, which is making Starknet the rails to run the global economy,” he said.