Technology

Binance Boosts Rewards for ETH Stakers with Starknet (STRK) Distribution

Binance Supports Starknet (STRK) Distribution to ETH Staking Users

Binance, one of the leading global cryptocurrency exchanges, has announced its support for the Starknet (STRK) distribution plan aimed at users who are engaged in Ethereum (ETH) staking through the platform. This initiative is designed to reward Binance ETH Staking participants with STRK tokens, adding value to the staking experience on Binance.

Key Details of the Starknet (STRK) Distribution

Snapshot Timing: The snapshot to determine eligible Binance ETH Staking users was taken on September 15, 2022, at 23:59 UTC. Eligibility for receiving STRK tokens is based on the total BETH balances held in qualified wallets at the time of the snapshot.

Distribution Schedule: The Starknet Foundation has set the official distribution date for February 20, 2024, at 12:00 UTC. Binance aims to complete the distribution of STRK tokens to eligible users within 30 days from this date.

Further Announcements: Binance will provide additional information on the BETH to STRK distribution ratio, the list of wallets included in the snapshot, and the finalization of the STRK token distribution process.

Important Considerations

Listing and Trading of STRK: While Binance is facilitating the STRK distribution, it is important to note that the listing of STRK for trading on Binance is subject to the exchange’s listing review process. Support for the distribution does not guarantee automatic listing of STRK on Binance.

Eligibility Restrictions: The distribution is not available to U.S. persons, entities, or residents of sanctioned countries. Regulatory restrictions and product availability may also impact user eligibility for the distribution plan.

Advisory Note: Binance advises users to exercise caution and understand the risks associated with digital assets. The value of investments can fluctuate, and past performance is not indicative of future results.

Binance’s commitment to supporting innovative projects like Starknet demonstrates its position as a forward-thinking player in the cryptocurrency ecosystem. By participating in distribution plans like this, Binance not only rewards its users but also promotes the adoption and understanding of emerging blockchain technologies.

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