StarkWare Plans to Launch StarkNet Token and Foundation

The StarkNet coin and Foundation have been made public by StarkWare, a business developing solutions for scaling Ethereum. The program aims to decentralize the ecosystem and promote growth. The StarkNet token, a rumored token that will assist develop the ecosystem, has been formally confirmed by Ethereum layer two scalability solutions provider StarkWare. The token will support decentralization and “run the ecosystem, maintain and secure” Starkware’s expanding ecosystem. #StarkNet Alpha was launched on Ethereum Mainnet in November 2021. ✨Now it’s time to advance its decentralization as demanded of an L2 on Ethereum. ✨Here’s our decentralization proposal, introducing the StarkNet Token, and the StarkNet Foundationhttps://t.co/zk33gANsin pic.twitter.com/YTd0Uj5NbW — StarkWare (@StarkWareLtd) July 13, 2022 StarkNet Alpha was initially introduced in November 2021, and numerous teams have since worked on it and grown the ecosystem. Concerning the modifications, the team hopes to make to the ecosystem using the token. The first 10 billion StarkNet tokens will be released in September 2022 and are currently in circulation. They will be given to consultants, end users, community developers, employees, and contributors. Investors will receive 17% of the tokens, core contributors 32.97%, and the StarkNet Foundation will receive the remaining 50.17%. A nonprofit organization called the StarkNet Foundation seeks to “keep the network as a ...