StarkWare Delays StarkNet Tokens Unlocking to April 2024

StarkWare developers have postponed the first release of the StarkNet L2 token (STRK) by over five months, according to transaction data from one of the project’s smart contracts.

The new release date has been extended to April 15, 2024, which was previously planned for November 29.

According to a representative from StarkWare, the team’s focus is on developing the technology and they will update the roadmap as needed, including adjusting the lock-up period.

It is currently unclear how many tokens will be released to the market in the spring of 2024.

Although the total supply of STRK is 10 billion, the coins are not yet listed on trading platforms. A source familiar with the situation stated that the initial token release will only be accessible to key ecosystem participants, early adopters, and StarkWare employees, rather than the general public.

However, this decision does not necessarily mean that future releases will also be postponed.