Binance, a prominent global cryptocurrency exchange, has unveiled its support for the Starknet (STRK) distribution plan, targeting users actively involved in Ethereum (ETH) staking on the platform. This strategic initiative is designed to reward participants in Binance‘s ETH Staking program with STRK tokens, amplifying the appeal of staking activities on the Binance platform.
Key Details of the Starknet (STRK) Distribution:
Snapshot Timing: The eligibility of Binance ETH Staking users for the STRK distribution was determined through a crucial snapshot taken on September 15, 2022, at 23:59 UTC. Users’ qualification for receiving STRK tokens is contingent on the total BETH balances held in their qualified wallets at the snapshot time.
Distribution Schedule: The Starknet Foundation has slated the official distribution date for February 20, 2024, at 12:00 UTC. Binance aims to finalize the distribution of STRK tokens to eligible users within 30 days from this specified date.
Further Announcements: Binance commits to providing additional details concerning the BETH to STRK distribution ratio, the list of wallets included in the snapshot, and the conclusive steps of the STRK token distribution process.
Important Considerations:
Listing and Trading of STRK: While Binance is facilitating the STRK distribution, it is imperative to note that the inclusion of STRK for trading on the platform remains subject to Binance’s rigorous listing review process. The support for distribution does not automatically ensure the listing of STRK on Binance.
Eligibility Restrictions: The distribution plan is not accessible to U.S. persons, entities, or residents of sanctioned countries. Furthermore, regulatory restrictions and product availability may impose limitations on user eligibility for participation in the distribution plan.
Advisory Note: Binance urges users to exercise caution and thoroughly comprehend the associated risks of digital assets. The value of investments can fluctuate, and past performance does not guarantee future results.
Binance’s commitment to championing innovative projects like Starknet underscores its status as a forward-thinking player in the cryptocurrency ecosystem. By actively participating in distribution plans of this nature, Binance not only rewards its loyal user base but also fosters broader adoption and understanding of emerging blockchain technologies.
