Binance Announces Starknet (STRK) Distribution Support for ETH Staking Users, snapshot taken on September 15, 2022. Distribution is expected to complete within 30 days from February 20, 2024.
Binance, a leading global cryptocurrency exchange, has announced its support for the Starknet (STRK) distribution plan, specifically targeting users engaged with Ethereum (ETH) through the platform. This initiative aims to reward Binance ETH Staking participants with STRK tokens, enhancing Binance’s staking value proposition.
Key details of Starknet (STRK) distribution.
Snapshot: The decisive snapshot to determine the eligible Binance ETH Staking users was taken on September 15, 2022 at 23:59 UTC. Eligibility to receive STRK tokens depends on the total BETH balances held in qualifying wallets at the time of the snapshot.
Distribution Schedule: The Starknet Foundation has scheduled the official distribution date for February 20, 2024 at 12:00 UTC. Binance aims to complete the distribution of the STRK token to eligible users within 30 days from this date.
Additional Announcements: Binance will release additional information regarding the BETH to STRK allocation ratio, the list of wallets included in the snapshot, and the finalization of the STRK token allocation process.
Important considerations
STRK Listing and Trading: While Binance facilitates the distribution of STRK, it is important to note that listing STRK for trading on Binance is subject to the exchange’s strict listing review process. Distribution support does not automatically guarantee the listing of STRK on Binance.
Eligibility Restrictions: Promotion is not open to individuals, entities or residents of sanctioned US countries. In addition, regulatory restrictions and product availability may further limit consumer eligibility for participation in the distribution plan.
Advisory Note: Binance urges its users to exercise caution and fully understand the risks associated with digital assets. The value of investments may vary and past performance is not indicative of future performance.
Binance’s commitment to supporting innovative projects like Starknet underscores its position as a forward-thinking player in the cryptocurrency ecosystem. By participating in such distribution plans, Binance not only rewards its loyal users, but also promotes wider adoption and understanding of emerging blockchain technologies.
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