TokenUnlocks

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Important update: After listening to feedback from ecosystem friends and collaborators, we are changing the lockup schedule for StarkWare’s early contributors and investors to make it more gradual. We value this community and want to earn its trust by building great tech that embodies blockchain values and stands the test of time. Context: Tokens held by StarkWare early contributors and investors are subject to a lockup. These parties supported StarkWare’s efforts when the company was researching and performing the initial development of Starknet. Approximately a third of the tokens held by these early contributors and investors (~1.3 billion), were due to unlock on April 15. In recent days StarkWare reviewed feedback and decided to adjust the unlocking timeline, making it more gradual. The revised schedule is as follows: 0.64% of the 10 billion tokens initially minted (64 million tokens) will unlock on April 15, as opposed to the planned 13.4% (1.34 billion tokens). The gradual unlock will continue at a pace of 0.64% (64 million tokens) monthly until March 15, 2025, after which it will change to 1.27% (127 million tokens) monthly for the next 24 months until March 15, 2027. Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule. 1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026, and 380 million will be unlocked by March 15, 2027. We thank the community for sharing their feedback with us.