As a seasoned crypto investor with a knack for spotting promising projects, I find the recent announcement by Starknet about its first-ever mainnet vote particularly intriguing. Having been through multiple bull and bear cycles, I’ve learned to appreciate the importance of community involvement in shaping the future of a project.
Starknet unveils the initial mainnet vote for STRK token owners, scheduled to incorporate staking features, potentially going live in October.
In simple terms, Starknet (STRK), a layer-2 network created by StarkWare, plans to integrate a staking feature into its system. This will start with the first-ever mainnet vote among token holders, as outlined in a post on August 20th. The details of this staking mechanism are yet to be finalized through this proposal and it’s anticipated that a full-scale staking launch will occur by October.
The initial vote for STRK owners has been announced, introducing a proposal to incorporate STRK staking within the Starknet environment.— Starknet 🐺🐱 (@Starknet) August 20, 2024
As a crypto investor, I’m excited about the roadmap proposed by StarkWare co-founder Eli Ben-Sasson for integrating staking onto the network. If it gets approved, we can expect a testnet for staking to become active in September, with the mainnet launch happening in the last quarter of this year.
the method for creating new tokens (minting) and the approach to alter its operating rules (parameters). The voting system has been established to empower the community in shaping the staking system, enabling them to determine aspects such as reward distribution methods and long-term adjustments.
The first round of voting for the proposal begins on September 2nd and ends on the 4th, followed by the main voting period from September 9th to 13th, all taking place on the Starknet Governance Platform.
In simple terms, StarkWare unveiled its staking strategy back in July, explaining that users looking to stake will initially need to link up with Starknet, engage with the designated staking contracts, and adhere to the outlined protocol guidelines for staking. The long-term vision is to empower these stakers to provide attestations concerning block content and involve them in sequencing and verification tasks to bolster network security.
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2024-08-20 14:26