Pro
Analyst Note: StarkNet's Plan to Decentralize
Key Insights
- StarkWare is kicking off decentralizing StarkNet through the launch of a token and a Foundation.
- The STARK token will be an inflationary asset with an initial supply of 10 billion, which will be used for gas fees in the future, unlike other L2 tokens.
- Of the initial token supply, 49.9% will be allocated to the core team and investors.
- Ecosystem developers are prioritized within token allocation and in the role of structuring governance.
StarkWare, the parent company behind StarkNet, has announced plans to progressively decentralize the protocol through the launch of a token and the StarkNet Foundation. The team recently announced that StarkNet would move to a new set of smart contracts in Q4, perhaps as part of this move. StarkWare is moving out of its closed-source operations, challenging one of its premiere criticisms.
Let’s dive into the STARK token model, how it’ll accrue value, and what this means for the growth of StarkNet amid other L2s.
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Eshita is a Research Analyst at Messari focused on Web3 topics. Previously, she was a Venture Fellow at Bloomberg Beta and prior to that was working on data at Shareworks by Morgan Stanley.
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