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Starknet Foundation Announces Airdrop Details, Taurus and Lido Partner for Institutional Liquid Staking

Feb 14, 2024
Author
Tom Couture
Tom Couture AC
Market Update After yesterday’s sell-off following January CPI data, U.S. equity indices are rebounding, with both the SPY and QQQ rising approximately 0.40%. $BTC showed resilience yesterday and continues to demonstrate strength today, surging 4% and briefly eclipsing the $52k mark. $ETH (+3.96%) is showing similar gains, rising above $2,750, the highest level since May 2022. Robinhood, a stock and crypto trading platform, beat earnings expectations yesterday, largely due to 10% year-over-year growth in crypto-based revenues. Coinbase announces earnings tomorrow, and Robinhood’s results present an encouraging sign for tomorrow’s results.  The Starknet Foundation announced the Provisions (airdrop) allocations for the native token of its layer-2 ZK-rollup network, with about 1.3 million eligible wallets. The STRK token will be used for governance and to pay network fees, with later plans to enable staking within a proof-of-stake model. The total supply to be airdropped is 700 million STRK tokens, equivalent to 7% of the total supply. An additional 200 million tokens have been set aside for the Provisions plan, and the Starknet Foundation additionally plans to allocate 18% of the total supply to the community over time. The eligibility snapshot occurred in November, an

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