Starknet (STRK) Up 13% on Revised Token Distribution Schedule

• Starknek reduces the initial unlock token to 0.64%, fueling a 13% rally for STRK.
• New STRK distribution extends to 2027, aiming for equitable, gradual releases.
• Market cap surges 10% to $1.52B post-announcement, reflecting renewed investor confidence.

Starknet, the layer 2 scalability solution built on Ethereum, has announced a major overhaul to its STRK token unlock model. This announcement followed strong criticism by the crypto community of STRK’s initial unlock schedule. 

Starknet developer StarkWare, responded to the backlash by implementing a revised schedule with a more gradual distribution of STRK tokens. This decision was met with a positive market reaction, with the STRK token increasing in value by approximately 10%.

Gradual Token Release Strategy

In re…

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