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Latest cryptocurrency news > ALTCOIN > Starknet Announces April Airdrop for Immutable X Users and ETH Stakers
ALTCOIN

Starknet Announces April Airdrop for Immutable X Users and ETH Stakers

BH NEWS
Last updated: 20 March 2024 15:11
BH NEWS 2 years ago
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Starknet, an Ethereum Layer-2 network, has scheduled an airdrop event for April, targeting eligible Immutable X users and Ethereum stakers. The previous Starknet (STRK) airdrop in February faced challenges with some users encountering difficulties in claiming their tokens. The Starknet Foundation has since addressed these issues and confirmed that the upcoming airdrop process will go smoother for users.

Contents
Resolution of Airdrop ObstaclesUpdate on STRK Airdrop Eligibility and Process

Resolution of Airdrop Obstacles

After receiving feedback, Starknet rectified a mistake in the list provided by Immutable, which incorrectly identified Immutable X users as VeVe users. VeVe, an NFT platform, controls its users’ private keys, complicating their ability to claim tokens directly. With the corrected list, Immutable X users who have completed a minimum of eight transactions prior to June 1, 2022, can now stake their claim in the airdrop. The Starknet team is also in discussions with VeVe to resolve airdrop claims for their users.

Update on STRK Airdrop Eligibility and Process

Furthermore, certain ETH stakers who qualified for the STRK airdrop event experienced difficulties in claiming their tokens. To resolve this, Starknet has received a list of eligible users from some staking protocols, and these users can expect to claim their airdrops in April. This planned airdrop comes after Starknet made adjustments to their initial token unlocking program in response to the investor community’s feedback.

The initial STRK airdrop event was met with dissatisfaction from users who were ineligible despite transacting thousands of dollars, due to criteria requiring a minimum ETH balance at a specific time. Compounding the frustration, significant STRK asset liquidation by large holders resulted in a sharp price drop shortly after the February airdrop event, with STRK’s value plummeting by 60% in just over two days, as reported by CoinGecko.

The Starknet Foundation aims to ensure that the upcoming airdrop reflects a more inclusive and fair distribution process to support and reward its community members more effectively.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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