StarkNet's STRK Token Witnesses a Surge Post Revised Unlock Schedule

By: Isha Das

StarkWare, known for its development of the Ethereum layer-2 blockchain solution StarkNet, has witnessed a significant increase in the value of its STRK tokens. This follows the developer's decision to revise the token's unlocking schedule, which had previously faced substantial criticism.

Previously, StarkNet announced on Thursday that after facing strong backlash, they would take a gradual approach to allocate tokens to contributors and investors. This strategy is seen as a significant turning point for the company and the token, which had been under heavy scrutiny for its previous allocation structure.

This revision of policies indicates StarkNet's commitment to its investors' interests, which might have led to the token's increased confidence in the market.