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Starknet Airdrop Controversy Leads to Sharp Decline in User Activity

Starknet Airdrop Controversy Leads to Sharp Decline in User Activity

Key Takeaways

  • Starknet's active user count has significantly fallen following dissatisfaction with the criteria of its recent airdrop.
  • Community backlash centers on the exclusion of users holding less than a specific amount of Ether from the airdrop.
  • Starknet acknowledges the community's concerns and is exploring solutions, amid discussions on the token unlock schedule and its impact.

Starknet, an Ethereum Layer-2 blockchain, has witnessed a notable decrease in active users over the last week, spurred by dissatisfaction with its recent Starknet Provisions Program airdrop.

After announcing the STRK token airdrop on February 14, the network saw a surge in user activity, with active users jumping to over 226,000, as per Starkscan.

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This influx was mainly due to participants eager to qualify for the airdrop. However, the excitement was short-lived as details of the airdrop's criteria led to a significant drop in active users, reverting nearly to levels seen before the announcement.

On February 19, after Starknet disclosed the specifics of the airdrop, there was a reduction in active users to just over 84,000.

The community's dissatisfaction stems from the airdrop eligibility requirements, which disqualified users holding less than 0.005 Ether in their accounts as of November 15, 2023.

This exclusion has sparked a considerable debate among Starknet users, with numerous individuals expressing frustration over being ineligible despite their contributions to the network.

Starknet acknowledged the community's concerns on X  and expressed intentions to resolve them in the future:

A meaningful resolution for these users requires time to research, design and test. It is in process and among our top priorities post-Provisions.

Starknet's active user base diminishing highlights the challenges of balancing equitable distribution with strategic incentives in the crypto space.

In other airdrop-related news, the pro-crypto Thai Prime Minister aims to launch an airdrop of national tokens.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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