StarkNet, a Layer-2 scaling solution for Ethereum, has achieved a total value locked of $1.32 billion, with its native token, STRK, contributing significantly. Despite initial price surges, STRK has experienced a minor decline, currently standing at $1.88 with a market capitalization of $1.37 billion. Leveraging STARK technology, StarkNet addresses Ethereum’s scalability challenges, marking a significant milestone in Layer-2 adoption.
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Binance Coin (BNB) Price Rally Fueled by Airdrop Frenzy
Binance’s native cryptocurrency, BNB, surged to over $380, driven by an airdrop frenzy and settlement with US authorities. Airdrops have become a key marketing strategy for DeFi protocols, with Starknet’s $2 billion airdrop facing challenges due to a Sybil attack.
read moreBNB Price Surges on Airdrop Hype and Legal Settlement Optimism
Binance’s native cryptocurrency, BNB, surged to its highest level since November 2022, reaching over $380, driven by optimism following legal settlements and CZ stepping down. The rally was partly fueled by an airdrop farming campaign by the web3 gaming project Portal, with BNB holders transferring over $400 million worth of tokens within 24 hours. Additionally, Starknet’s token STRK was listed on Binance, but its airdrop event faced challenges due to a Sybil attack.
read moreStarkWare Adjusts Starknet Token Unlock Schedule Amid Investor Concerns
StarkWare has adjusted the Starknet token unlock schedule to address concerns about potential market impact. The new plan involves a more gradual release of tokens over three years, aiming to align long-term interests and build trust within the Starknet ecosystem. The decision follows feedback from investors and aims to prevent a significant initial drop in token value, with the revised schedule unlocking a smaller portion of tokens initially and spreading the release over a longer period.
read moreBinance’s BNB Chain Achieves 1 Million Active Users Amid Legal Battle
Binance’s native BNB coin has surged 6% in the last 24 hours, reaching a trading volume of over $2.54 billion. Despite a legal battle with the SEC, BNB Chain has surpassed 1.2 million active users and achieved significant milestones in scalability and security, positioning itself as a frontrunner in the decentralized ecosystem. Additionally, Binance has continued to support new projects, integrating Starknet (STRK) amid recent developments.
read moreSetting Up and Using Braavos Wallet for StarkNet Ecosystem Exploration
Braavos wallet is a smart contract wallet with DeFi features, NFT gallery, and hardware signer for security. It offers easy setup, multiple ways to add funds, token swapping, and access to StarkNet dApps. The community-driven project encourages feedback and engagement through Discord, Twitter, and Telegram.
read moreStarknet Airdrop Controversy: High Demand, Falling Token Price, and Airdrop Squatters
The highly anticipated Ethereum layer-2 solution Starknet’s airdrop caused its market cap to exceed $20 billion, despite controversies. 700 million STRK tokens were allocated, with 45 million claimed in the first 90 minutes. However, the price of STRK tokens fell to $2 from an opening high of $7, and Banteg alleged that airdrop squatters were included in the eligibility list, despite prior warnings.
read moreStarknet Launches Major Airdrop of STRK Tokens to Reward Users
Starknet, an Ethereum layer-2 solution, has initiated a massive airdrop of 700 million STRK tokens, valued at $5.39 billion at its peak, to eligible users and developers. The airdrop aims to reward and incentivize adoption, with the token serving as both a governance and utility token. Fueled by cutting-edge zero-knowledge proof technology, Starknet seeks to address Ethereum’s scalability, cost, and privacy challenges.
read moreKey Events and Updates Shaping the Crypto Landscape This Week
The crypto industry is abuzz with upcoming events and developments. Ethereum’s ETHDenver conference and impending Dencun upgrade, Nvidia’s earnings report affecting AI-related tokens, Polygon’s AggLayer launch, Bitcoin’s market sentiment and FOMC minutes, and the highly anticipated StarkNet Token (STRK) airdrop are key focal points this week. These events have the potential to significantly impact market dynamics and investor sentiment in the crypto space.
read moreStarknet Launches STRK Token Airdrop for Ethereum Layer-2 Scaling Solution
Starknet, a leading Ethereum Layer-2 scaling solution, has launched the STRK token airdrop, offering users a chance to engage in the network’s growth. By leveraging zero-knowledge (ZK) rollup technology, Starknet aims to address Ethereum’s scalability challenges, with the airdrop rewarding early adopters and encouraging community participation. Eligible participants can claim their STRK tokens by connecting their Ethereum wallet to the official airdrop page and following the outlined process, potentially staking for additional rewards.
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