StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity and security. The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism.
Despite the initial success and market enthusiasm, the Starknet community has voiced frustrations, particularly regarding the airdrop’s execution details.
Many users voiced their grievances on social media platforms and the project’s Discord channel, expressing disappointment at being left out of the token distribution despite their contributions to the network.
