The StarkNet Foundation, a non-profit initiative founded by the Stark Network team, has announced plans to allocate approximately 1.8 billion STRK tokens for user rebates and provisions. The purpose of the allocation is to incentivize users and businesses to use the Stark Network blockchain ecosystem.
The allocated tokens will be divided into user rebates and provisions. User rebates will be distributed to SuperNodes and users staking STRK tokens, with users in the top 1% of total staking amount receiving higher rewards, while the provisioned tokens will be used to hedge the network, create liquidity, and fund development expenses.
The StarkNet Foundation team also stated that they intend to use the tokens towards airdrops, community bounties, and partnerships. Additionally, the Foundation will continue to partner with some of the leading teams in the space to further promote the Stark Network.
The exciting developments of the Stark Network Foundation continue to add confidence to the industry as the team is continuously increasing its efforts to unlock the true potential of the blockchain. With the strategic token allocation, the Foundation aims to further establish the network as the premier project in the blockchain space.