Dubbed the Early Community Contributor Program, it will reward individual contributors who encourage technical discussions, organize Starknet-related events, and regularly publish Starknet-branded content, according to the blog post.
Individuals and projects will be required to apply for the grant, providing details of their contribution.
“We intend to take this opportunity to recognize the people who have made significant contributions to the Starknet ecosystem in a variety of ways. This contribution involves being a key participant in efforts that have a profound and positive impact on the ecosystem,” the Starknet Foundation said in a statement.
The fund added that it will hold back some of the tokens in case it misses out on investors. The program will not be available in the United States or to US citizens.
When will the token be unlocked?
Ten billion Starknet tokens have been issued, but they are not yet available to token holders.
These tokens should be available on April 15, 2024. Most of the tokens were allocated to the Starknet Foundation, 32.9% to the main participants and 17% to investors. The ECMP program is part of the plan to distribute tokens allocated to the fund. Starknet stated that it does not define such token distribution as an airdrop.
Starknet is a permissionless Layer 2 scaling solution for Ethereum. It uses zk-STARKs (zero-knowledge short-term argument of knowledge) proofs to achieve high throughput and low gas costs while maintaining the security of the Ethereum mainnet.