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The Starknet Foundation, the organization supporting the Starknet network, faces criticism for STRK token airdrop delays. Immutable X users and pooled Ether stakers expected tokens in February. Many couldn’t claim their allocations due to technical issues.
The foundation has announced that the issues have been resolved, and eligible users can now begin claiming their STRK tokens in April.
The foundation acknowledged inaccuracies in the list provided by Immutable, which led to many Immutable X users being mistakenly classified as VeVe users. With the list now corrected, Immutable X users who performed eight or more transactions before June 1, 2022, can claim their airdrop.
Discussions are ongoing with the VeVe team regarding airdrops for VeVe users, as the platform holds their private keys, necessitating a different approach.
Additionally, the foundation addressed issues faced by pooled ETH stakers, where staking protocols were unable to airdrop STRK to eligible users. Some staking protocols have now provided Starknet with lists of eligible users who can claim their tokens starting in April.
The STRK airdrop was also criticized by Starknet users who claimed ineligibility despite significant transaction volumes due to the eligibility criteria requiring a minimum of 0.005 ETH held at the time of the November 15, 2023, snapshot.
After the first airdrop on February 20, significant STRK holders sold off millions of tokens, leading to a rapid 60% price drop from $4.40 to $1.9 in just two days. Currently, STRK’s price remains low at around $2.0, according to CoinMarketCap data, as the Starknet Foundation addresses these issues. The crypto community is eager for updates on the STRK token distribution.
Also Read: Starknet Community Greenlights Alpha v.13 Update: A New Era for Transaction Fees.
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