StarkWare, the team behind the Ethereum scaling solution StarkNet, has revised its token unlock schedule. In a bid to address concerns by the community, the team has decided to extend the lock-up period of 50% of the tokens allocated to StarkWare’s team from two to four years. This move is intended to align the interests of the team with the long-term success of the project, providing reassurance to stakeholders that team members are committed to staying with the project long-term.
The StarkNet ecosystem is designed to provide a scalable and secure solution for Ethereum, in a bid to lower transaction costs and improve transaction speeds. By revising the token unlock schedule, StarkWare aims to demonstrate its commitment to the project and its stakeholders. This move is expected to build trust in the ecosystem and potentially attract more users, contributing to the overall growth and success of StarkNet. The team’s decision also reflects a growing trend in the crypto space, where project teams are willing to lock-up their tokens for extended periods to give investors more security and confidence.
