Coinspeaker
Starknet’s STRK Token Jumps 10% after Developer Extends Unlock Period Following Community Criticism
The value of the Starknet (STRK) token rose by 10% on Thursday following news that developer firm StarkWare would cut the number of tokens set to unlock in April. StarkWare decided to extend the unlock schedule after the developer firm faced serious criticism from members of its community.
StarkWare, in an official X post, made the announcement to cut allocated tokens, stating that it values its community and wants to earn trust by developing great tech that recognizes blockchain values. The post stated:
“After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual.”
New Schedule to Unlock STRK Tokens
Under the revised schedule, 64 million tokens (0.64% of the total 10 billion) will unlock on April 15. This is a 95% reduction from the ori
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