StarkWare Revises STRK Token Unlock Schedule Following Backlash, Spreads Unlocks Over Several Years
-
StarkWare announced it will revise its STRK token unlock schedule following backlash, spreading unlocks over several years rather than a large unlock in April 2024.
-
StarkWare originally planned to unlock 1.3 billion STRK tokens on April 15, 2024 - about 13% of total supply.
-
Under new schedule, 64 million tokens will unlock monthly the first year, then 127 million monthly for the next 2 years.
-
In total, 580 million tokens will unlock for contributors/investors by end of 2024, 1.4 billion in 2025, 1.5 billion in 2026.
-
StarkWare CEO thanked investors for their support on the new more gradual token release schedule after initially brushing off criticism.