StarkWare's STRK Token Delegation Program: Promoting decentralization on the Starknet network
Enhancing decentralization and network security
On June 17, StarkWare officially announced the STRK Token Delegation Program. This initiative aims to promote decentralization within the Starknet ecosystem. By allocating Tokens to eligible validators, StarkWare helps strengthen the network's decentralization while ensuring the security of this Layer-2 Blockchain system. Notably, validators receiving Tokens will have the opportunity to earn substantial rewards from staking activities, thereby stimulating community participation.
Details of the delegation program and participation conditions
The program is expected to distribute millions of STRK Tokens in phases. Participants must meet stringent criteria such as identity verification through KYC/KYB processes, maintain over 99% operational stability, and have commission rates not exceeding 10%. Additionally, validators must actively participate in network testing during the Staking V3 testnet phase, which is expected to launch by the end of the year.
The registration period is open until July 1, 2025, with the first Token allocation expected to begin immediately after this deadline. Eligible registered validators will have the opportunity to contribute to strengthening the Starknet ecosystem and receive valuable cryptocurrency rewards.
The long-term goals of the project
This delegation program aims to expand the staking group, encourage new validators to participate, and enhance the decentralization of the network. Improving decentralization not only helps the network defend against external attacks but also stimulates the diversity of independent validators. Thus, the cryptocurrency community can interact more confidently with dApps on Starknet while increasing the overall value of the STRK Token.
The future of the Starknet ecosystem and cryptocurrency
The STRK Token Delegation Program is a strategic advancement that contributes to more effective staking activities. With a large number of Tokens to be distributed to suitable validators, the ecosystem will expand rapidly while creating a more robust decentralized network. Users and developers can expect a safe, transparent platform with superior scalability in the near future.
Source: https://tintucbitcoin.com/starkware-gioi-thieu-chuong-trinh-uy-thac-token-strk-moi/
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