Binance Supports Starknet (STRK) Distribution for ETH Staking Users - Blockchain.News
News

Binance Supports Starknet (STRK) Distribution for ETH Staking Users

Binance announces support for Starknet (STRK) distribution to ETH Staking users, with the snapshot taken on Sept 15, 2022. Distribution completion is expected within 30 days from Feb 20, 2024.


  • Feb 20, 2024 07:31
Binance Supports Starknet (STRK) Distribution for ETH Staking Users

Binance, a leading global cryptocurrency exchange, has announced its support for the Starknet (STRK) distribution plan specifically targeting users engaged in Ethereum (ETH) staking through the platform. This initiative is set to reward Binance ETH Staking participants with STRK tokens, enhancing the value proposition of staking on Binance.

Key Details of the Starknet (STRK) Distribution

Snapshot Timing: The crucial snapshot for determining eligible Binance ETH Staking users was taken on September 15, 2022, at 23:59 UTC. The eligibility for receiving STRK tokens hinges on the total BETH balances held across qualified wallets at the snapshot time.

Distribution Schedule: Starknet Foundation has scheduled the official distribution date on February 20, 2024, at 12:00 UTC. Binance aims to complete the STRK token distribution to eligible users within 30 days from this date.

Further Announcements: Binance will release additional information regarding the BETH to STRK distribution ratio, the list of wallets included in the snapshot, and the finalization of the STRK token distribution process.

Important Considerations

Listing and Trading of STRK: While Binance is facilitating the STRK distribution, it is important to note that the inclusion of STRK for trading on Binance is subject to the exchange's rigorous listing review process. Support for the distribution does not automatically guarantee the listing of STRK on Binance.

Eligibility Restrictions: The distribution is not available to U.S. persons, entities, or residents of sanctioned countries. Additionally, regulatory restrictions and product availability may further limit user eligibility for participation in the distribution plan.

Advisory Note: Binance urges its users to exercise caution and thoroughly understand the risks associated with digital assets. The value of investments can fluctuate, and past performance is not indicative of future results.

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 encourages the broader adoption and understanding of emerging blockchain technologies.

Image source: Shutterstock