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Ethereum Layer-2 network Starknet will initiate the claim process for eligible Immutable X users and Ethereum stakers in the upcoming airdrop round planned for next month, following another change to its token unlocking program. The Starknet Foundation, the organization supporting the Starknet network, encountered backlash from some users who faced various technical issues while receiving their assets during the Starknet (STRK) airdrop event in February.
Starknet Team Clarifies Airdrop Details
The foundation claims that these issues have been resolved and eligible users will be able to claim their STRK assets starting in April. Starknet revealed that a list provided by Immutable showed addresses and wallets associated with the NFT platform VeVe users, which mistakenly classified many Immutable X users as VeVe users.
The list was supposed to help differentiate between the two groups. VeVe holds the private keys of its users, and thus eligible VeVe users would not have the necessary information for the claim process, leading to the claim of Starknet tokens through the NFT platform.
With the list corrected, Immutable X users who made eight or more transactions before June 1, 2022, can now claim their airdrop rights. Starknet continues to discuss the airdrop issue for VeVe users with the VeVe team.
There was also an issue for ETH stakers who were eligible for the STRK airdrop event but could not claim due to various reasons, according to Starknet. Some staking protocols provided Starknet with a list of users eligible to claim the airdrop starting in April.
STRK and the Airdrop Process
The updated airdrop program is another change made by Starknet following concerns about the original plan allowing investors to transfer assets to individual users in February’s unlocking program revision.
STRK airdrop event was widely criticized by Starknet users who missed out due to eligibility criteria that required holding at least 0.005 ETH worth $10 during a snapshot on November 15, 2023, despite having conducted transactions worth thousands of dollars.
Shortly after the February 20th airdrop event, large STRK holders liquidated millions worth of assets, causing the price to plummet from its peak of $4.40 to $1.90, a 60% drop in just over two days. According to CoinGecko data, the STRK price has struggled to recover and is currently trading at $1.88.
