The Starknet Foundation established an EAG committee to allocate STRK tokens to early builders
On March 23, the Starknet Foundation established the Early Adopter Grants (EAG) Committee, whose task is to initially allocate STRK tokens to early builders of Starknet on-chain applications. The goal of this token allocation is to allow early builders to participate in network operations through pledge and voting. The committee has a budget of up to 10000000 STRK tokens, which will be distributed to project parties through multiple rounds.
Interpretation of this information:
The Starknet Foundation announced the establishment of the Early Adopter Grants (EAG) Committee on March 23. The committee’s primary responsibility is to allocate STRK tokens to the builders of Starknet on-chain applications, enabling them to participate in network operations through pledge and voting. This token distribution aims to promote the growth and development of the Starknet ecosystem by incentivizing projects that contribute to it.
The EAG Committee has been provided with a budget of up to 10,000,000 STRK tokens to allocate among project parties through several rounds. The distribution of tokens will occur in a phased manner and will be based on the committee’s evaluation of the contribution of each project towards the network’s growth.
Early adopters are defined as projects utilizing Starknet technology during its early stages of development, with the potential to have a significant impact on the network’s future. The main goal of the EAG Committee is to encourage early builders to create and launch projects that utilize Starknet technology.
Overall, this announcement signifies Starknet Foundation’s commitment to encourage early participation of builders and projects within its network. The establishment of the EAG Committee and the allocation of STRK tokens align with its mission to incentivize and grow the Starknet ecosystem.
In summary, the three keywords for this news update are-
1) Early Adopter Grants (EAG) Committee – The committee responsible for allocating STRK tokens to early builders of Starknet on-chain applications.
2) STRK tokens- The tokens distributed by the EAG Committee with the aim of promoting the growth and development of the Starknet ecosystem.
3) Network operations- The allocation of STRK tokens allows early builders to participate in network operations through pledge and voting.
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