The StarkNet Foundation is set to allocate 1.8 billion STRK tokens for user rebates and other provisions. The charity group, which is currently focused on promoting DeFi and blockchain technology, has been around for some time now and they have been rewarding the community that supports them.
The 1.8 billion tokens are a portion of the total amount of STRK tokens that were created by the StarkNet Foundation. The tokens will be allocated to users in the form of rebates and will be used to fuel the foundation’s mission of blockchain development.
The Foundation is focusing on providing incentives for users that are interested in participating in the blockchain space. This includes encouraging users to get involved in the industry and providing rewards that will encourage more people to get involved.
The 1.8 billion STRK tokens will be used to reward users who use the StarkNet wallet, participate in the platform’s community activities, and provide rewards for those who are developing the ecosystem. All of these tokens will be stored in a publicly audited wallet.
The Foundation also plans to use a portion of the tokens to fund the provision of airdrops and other activities to the community. Furthermore, the Foundation will be setting up a voting mechanism to be able to choose which DeFi projects or technologies that they should be focusing their resources on.
The Foundation has a goal to establish itself as a trusted institution in the blockchain space and is willing to allocate funds to promote that goal. This will be done by utilizing the 1.8 billion STRK tokens to provide rewards to those who contribute to the growing ecosystem.
With the recent surge in the price of STRK tokens, the Foundation’s plan to allocate the token to incentivize and reward users that are involved in the blockchain industry has become even more relevant. By utilizing the token in this manner, the Foundation is able to ensure that the industry sees continued growth and development.
