2024-02-21
Binance listed Starknet’s STRK token on Feb 20, 2024 at 13:00 UTC.
Now STRK token is also available for trading at other crypto
exchanges as well such as OKX, KuCoin, HTX, Gate.io, and ByBit.
Starknet airdropped 700 million STRK to about 1.3 million eligible
wallets on Feb 20, 2024. STRK tokens began trading on many crypto exchanges on
Feb 20 after the airdrop.
STRK token has a total supply of 10 billion tokens. Current
circulating supply of STRK token is 7.28%.
Starknet
is a layer 2 Ethereum scaling solution. It uses ZK-Rollup technology to scale
Ethereum. Starknet currently has $59.46 million TVL.
STRK token utility
1. Paying
network fees
Users can pay transaction
fees using STRK.
After the provision
program users can choose to pay in ETH or STRK. However, Starknet protocol use
ETH to pay fees on Ethereum.
2.Staking
STRK tokens can be
staked within Starknet proof-of-stake to secure and decentralized the network.
3.
Participation in governance voting.
STRK token holders can
participate in governance voting through Starknet
Governance Hub.
STRK token has strong token utility but the price of STRK is overvalued now. STRK has fully diluted market cap of $20 billion.
