The impending token airdrop from StarkNet has the potential to be the largest ever witnessed.
StarkNet’s STRK token airdrop is poised to reach nearly 1.3 million addresses, anticipated to debut with a market capitalization exceeding US$1 billion. The token’s distribution, scheduled for February 20, is anticipated to be the largest initial airdrop in history, as reported by crypto media outlet Unchained.
StarkNet, a decentralized Ethereum scaling solution, leverages zero-knowledge rollups to improve transaction efficiency and lower costs. Developed by StarkWare, StarkNet’s technology addresses Ethereum’s scalability challenges by processing transactions off-chain before consolidating them onto the main Ethereum blockchain. This process, known as rollup, mitigates congestion and high transaction fees on the Ethereum network.
The recent surge in Ethereum’s transaction costs has garnered attention from investors, stemming from the network’s escalating fees. Ethereum’s congestion issues are primarily attributed to the growing popularity of ERC-404 tokens, contributing to heightened network congestion. ERC-404, an experimental and unofficial Ethereum token standard, has recently gained prominence within the crypto community.
