In December 2023, StarkNet confirmed that it is soon hosting its airdrop in connection of its native token launch, $TRK. 

But it should be noted that the StarkNet ecosystem consists of a wide range of web3 projects and protocols. 

In this article, discover the StarkNet network, its upcoming airdrop, and the airdrops on the protocols built across its ecosystem. 

(Also check out: Top List of Upcoming 15+ Crypto Airdrops of 2024 and Top Crypto Wallets With No Tokens Yet | Airdrop Soon?)

StarkNet Introduction

StarkNet (https://www.starknet.io/en) is a permissionless ZK rollup that operates as a layer 2 blockchain for Ethereum. This means that dApps built on top of Starknet can enjoy the rollup’s services while also enjoying Ethereum’s security. 

StarkNet Technology

“Starknet utilizes the power of STARK technology to ensure computational integrity. By validating off-chain transactions with advanced math and cryptography, Starknet overcomes Ethereum’s scalability limitations,” its website read. 

The STARK cryptographic technology is what makes the rollup offer secured, low-cost transaction, according to the developers. The contracts and OS are written in a “specialized” programming language, Cairo. 

“Starknet offers efficient and user-friendly experiences by employing Native Account Abstraction. All accounts are smart accounts: their behavior is determined by their developers rather than at the protocol level,” the rollup added.

StarkNet Audience

As a rollup, StarkNet’s main audiences are dApp developers. It allows developers to compile Cairo code, declare a smart contract, deploy a smart contract, and interact with a smart contract. 

“Starknet’s meteoric rise as a blockchain ecosystem is fueled by its passionate community of developers, users, and partners. With the Starknet Stack evolving at an astounding pace, this vibrant collective has developed the most decentralized Rollup Stack, enhancing network security, censorship resistance, resilience, and transparency,” the developers wrote. 

StarkNet Airdrop

StarkNet developers confirmed the rollup’s airdrop alongside its token launch. However, on a December post, they shared that all the plans and requirement to distribute $TRK are just draft and are yet to be finalized. 

StarkNet Airdrop – How To Be Eligible

The one that will be in charge of distributing $TRK, including the airdrop, is the Starknet Foundation. According to the foundation, although the criteria for eligibility for the airdrop are not yet final, developers, the community, and financial contributors will surely be recognized and included. 

The foundation then hints at implementing a points system, as the amount of tokens that users will receive will be determined according to individual contributions. 

Meanwhile, a post by Twitter user named Bennycalls shared that the airdrop will go live on January 18, 2024. This was agreed by DeFi analytics X account Budapest, which posted the criteria to be eligible to receive free $TRK: 

(Potential) Airdrops in Starknet Ecosystem

As of this writing, a number of dApps built on top of StarNet do not have their own utility tokens or mainnet. This means that a potential airdrop may happen if these projects will either launch their own token or mainnet. The list include: 

Nostra

Nosta Finance (https://nostra.finance/) is a StarkNet-native protocol for lending, borrowing, and trading crypto. It is powered by a StarkNet-native stablecoin, UNO. 

It has introduced its points program. To be eligible, users need to connect their Ethereum wallet and either lend or borrow on the platform. Oints are said to be updated every day. 

Lending stablecoins rewards 1 point per dollar per day, while other tokens rewards 2 points per dollar per day. Meanwhile, borrowing stablecoins rewards 4 points per dollar per day, while other tokens rewards 8 points per dollar per day. A referral program can also grant points. 

Fibrous

Fibrous Finance (https://fibrous.finance/) is a DEX Aggregator. It claims to adopt an innovative stance, positioning itself as a meticulous instrument that traverses and analyzes the diverse landscape of Starknet, seeking optimal routing paths across its myriad AMMs.

It also has an ongoing points system, rewarding points to users who will swap tokens on the platform, depending on the rarity and volume of the trade. 

Ekubo

Ekubo (https://ekubo.org/) is an automated market maker (AMM). Its features include concentrated liquidity, a singleton architecture, and extensions. It is also designed to take full advantage of the Starknet architecture, to provide the best swapper execution and liquidity provider returns anywhere.

It has an active “Leaderboard.” The leaderboard is where the points of each user gained by using the protocol, the higher the points earned and place on the leaderboard, the greater reward is expected. 

AVNU

Formerly known as AlphaRoad, AVNU (https://www.avnu.fi/) is a DEX aggregator that claims to provide better pricing, zero slippage, MEV-protection, and gasless trading, ensuring the most efficient and seamless operations in the DeFi space.

As of this writing, its testnet is live. This means that users can request for a testnet token to execute trades and earn free crypto. A points system is allegedly ongoing, as per the community’s speculation. 

Hashtack

Hashtack (https://hashstack.finance/) is a permissionless zk-native money market protocol that enables secure under-collateralized loans to the crypto retail.

It has an active airdrop that is available for those who will complete at least one transaction on its Mainnet V1. Its rewards system is based on the points  earned from executing transactions to the said mainnet. 

This article is published on BitPinas: StarkNet Airdrop – $TRK and Ecosystem Strategy to be Eligible

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