Crypto News- In a recent development, Starknet, the layer-2 blockchain on Ethereum, has stepped up its game to address concerns surrounding the recent STRK token airdrop. The Starknet Foundation, the driving force behind the Starknet network, diligently tackled issues related to the eligibility of certain users for February’s STRK airdrop.
Among those facing difficulties were pre-Merge ETH stakers and Immutable X users. After conducting a thorough review, Starknet extended eligibility for the first round of Starknet provisions to two additional user categories: eligible VeVe users and Non-VeVe StarkEx users previously misidentified as VeVe users, along with pooled stakers.
STRK Token Airdrop Hurdles Sorted: Starknet Comes to the Rescue for Immutable X and ETH Pool Stakeholders
The good news doesn’t stop there. Users falling into these categories can expect to start claiming their STRK tokens in April, according to information shared with Cointelegraph.
One major hiccup involved an inaccurate list provided by Immutable, which mistakenly categorized many Immutable X users as VeVe users. This list, intended to distinguish between the two groups, resulted in confusion. However, with the list now rectified, Immutable X users who engaged in eight or more transactions before June 1, 2022, can now seize their airdrop opportunity.
Additionally, Starknet is actively engaged in discussions with the VeVe team regarding airdrops for VeVe users.
But that’s not all. Pooled ETH stakers also encountered hurdles, as staking protocols initially couldn’t facilitate STRK airdrops for eligible participants. Starknet has identified several underlying causes for this issue and is working to resolve it.
Starknet’s Strategic Shift: A Fairer Approach to STRK Airdrop Distribution
In light of these developments, Starknet has adjusted its airdrop schedule, aiming for a smoother process. This adjustment follows concerns raised earlier about the original schedule potentially favoring certain investors. The revised plan now includes staggered STRK distributions over three years, commencing in April.
However, despite efforts to streamline the process, criticism persists. Some users expressed frustration at being deemed ineligible for the airdrop, despite significant transaction activity. The eligibility criteria, requiring participants to hold a minimum of 0.005 ETH at the time of a snapshot on Nov. 15, 2023, left some out in the cold.
Following the Feb. 20 airdrop, a substantial sell-off by large STRK holders led to a significant price drop, amplifying discontent among users. Despite ongoing challenges, Starknet remains committed to addressing concerns and ensuring fair distribution in the future.
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