Ethereum Layer 2 developer StarkWare has delayed the first unlocks of its native StarkNet (STRK) token to April 2024.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro“We are focussing on building the technology. We are updating the roadmap as needed, and this includes an update to lockup,” said a StarkWare spokesperson.Learn more about Access Protocol
The new unlock date has been pushed to Apr. 15, 2024, from the previously scheduled date of Nov. 29, 2023, according to a transaction in one of the StarkWare token locking mechanism contracts carried out on Sunday, Etherscan It is not immediately clear how many tokens have been affected by the delay. The total supply of STRK tokens is ten billion. STRK is currently not tradable.
The delay of the first unlocks doesn't necessarily mean the next unlocks will also get delayed, as two token unlocks are not always tied, according to the source.in July 2022 that it would release its own token. At the time, the project said the STRK tokens allocated to shareholders, employees, and independent software developers are locked for four years, with a gradual release schedule starting after one year, meaning November 2023.
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