StarkWare, the developer behind Starknet (STRK), has recently announced a significant adjustment to its token locking program for early participants and investors in response to feedback from ecosystem partners and collaborators.
The token lock-up program, which was originally set to unlock approximately 1.3 billion tokens on April 15, has now been revised to a more gradual unlocking process. Under the new schedule, only 0.64% (64 million tokens) will be unlocked on April 15, with the unlocking process continuing at a rate of 0.64% per month until March 15, 2025. After this date, the rate will increase to 1.27% per month for the following 24 months until March 15, 2027.
This adjustment aims to address concerns and create a more sustainable unlocking schedule for early participants and investors. As a result, the total number of tokens to be unlocked by the end of 2027 will be significantly lower than previously planned, easing potential selling pressure on the market.
The positive response exhibited by STRK price following the announcement highlights the importance of transparent and responsive token unlocking strategies in the crypto and NFT industry. It is essential for projects to adapt to feedback and prioritize long-term sustainability to foster investor confidence. This adjustment serves as an example of how proactive decision-making can contribute to a healthy and thriving crypto ecosystem.
