Starkware co-founder responds to STRK unlocking controversy: The team will focus on promoting network development in the long term, delaying the lock-up period is not the right approach
2024/02/15 03:40
In an interview with Decrypt, Starkware co-founder and CEO Eli Ben-Sasson emphasized the roadmap of Starknet when discussing "the early release of a large number of shares for investors and early contributors by STRK". He e xplained why he believes this will not harm the community. Ben-Sasson stated that the structure of Starknet's airdrop is indeed different from traditional models, and the team has slightly different views on things, which they believe is an advantage rather than a disadvantage for Starkware. The team believes that what users care about is whether developers in the Starkware or Starknet ecosystem will still be on the Starknet network, and whether they can continue to promote network development three months or a year later.
He can assure that what 150 employees of Starkware and its expanding team are solely focused on is promoting the development of Starknet. To do this well, Eli turned down very attractive positions in academia. As for concerns that investors might rush to sell STRK tokens in April, thereby affecting their price, Ben-Sasson stressed that extending token lock-up periods cannot prevent this situation from happening; such worries could also occur one year later. The decision made by Starkware was based on their belief these people received deserved rewards for their contributions; there were no cases where individuals or teams improperly exploited airdrop structures. When focusing on long-term development unnecessary delays in lock-up periods are not correct practice.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$111,517.79
-0.14%

Ethereum
ETH
$4,318.77
+0.30%

XRP
XRP
$2.96
+0.41%

Tether USDt
USDT
$0.9999
-0.01%

BNB
BNB
$880.46
+0.61%

Solana
SOL
$219.14
+2.16%

USDC
USDC
$0.9998
-0.00%

Dogecoin
DOGE
$0.2409
+1.89%

TRON
TRX
$0.3352
+1.35%

Cardano
ADA
$0.8772
+1.23%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now