Starknet's STRK Rebounds After StarkWare Agrees to Slow Token Unlocks
• Starknet's STRK token jumped 10% after StarkWare agreed to reduce token unlocks for developers and investors from 13.4% to 0.64% on April 15 • New schedule spreads remaining token unlocks gradually over next 5 years instead of releasing 2 billion tokens by end of 2024 • StarkWare revised schedule after community backlash over original swift unlocking plan • Starknet is a layer-2 network built on Ethereum using zero-knowledge proofs to boost scalability and reduce fees • STRK started trading at $5 earlier this week before falling; now around $2 after StarkWare update