Starkware Co-Founder Assures Community Amid Token Unlocking Concerns

Starknet cofounder and banner

In an exclusive interview with Decrypt, Starkware co-founder Eli Ben-Sasson allays fears surrounding the imminent unlocking of over 1.3 billion STRK tokens, valued at more than $2.15 billion, set for April. Ben-Sasson asserts confidence in the community’s resilience, emphasizing the team’s unwavering dedication to driving the development of Starknet. With a focus on long-term objectives over short-term price fluctuations, Starkware reaffirms its commitment to advancing blockchain technology and fostering a robust ecosystem.

Team Not Bothered With Token Fluctuations

In an exclusive interview with Decrypt, S333 conveyed optimism regarding the upcoming unlocking of over 1.3 billion STRK tokens, valued at a staggering $2.15 billion, slated for April. Despite the considerable influx of tokens into the market, Ben-Sasson remained resolute in his belief that the community would remain unscathed.

Ben-Sasson’s confidence stemmed from Starkware’s unwavering commitment to advancing blockchain technology, particularly through the development of Starknet. He emphasized that the team’s primary focus lies in driving Starknet’s growth and functionality, rather than being swayed by short-term fluctuations in token prices. This steadfast dedication to long-term goals serves as a testament to Starkware’s strategic vision, which extends beyond the immediate ebbs and flows of the market.

Stakeholders Confidence in StarkNet

The co-founder’s reassurances come at a critical juncture, with concerns looming over the potential impact of the token unlocking on the broader ecosystem. However, Ben-Sasson’s conviction in the resilience of the community and Starkware’s steadfast commitment to its mission instills confidence among stakeholders.

Starkware’s dedication to fostering a robust and sustainable blockchain ecosystem shines through in Ben-Sasson’s remarks. By prioritizing the advancement of Starknet and maintaining a long-term perspective, the company demonstrates its unwavering commitment to driving innovation and creating value for its community.

An Unusual Token Distribution Timetable

However, the StarkNet’s token distribution program has been criticized by many analysts in the cryptosphere because it seems to be heavily skewed in the favor of developers and early users of the ecosystem. Furthermore, the tokens are being unlocked in just under two months, prompting some industry watchers to call on the Securities and Echange Commission to take a closer look at what the Starknet team is doing.

As April approaches, all eyes will be on Starkware as it navigates this significant milestone. However, with Ben-Sasson’s assurance and the company’s strategic focus, Starkware appears poised to weather any challenges and continue its trajectory of growth and innovation in the blockchain space.

Author: Grace

Grace likes gardening. She holds some BTC and ETH.