The StarkNet Foundation is set to allocate 1.8 billion STRK tokens to user rebates and Provision Committee developments. The Foundation recently announced its plan to allocate these tokens to reward participants of the StarkNet network who use and promote the network, stimulate user activity and stimulate the growth of new and existing projects to increase the long-term value proposition of the network.
The StarkNet Foundation anticipates that these rewards will boost both the number of users and the amount of user activity on the network, resulting in a stronger and more resilient network. The Foundation also believes this will serve to incentivize developers working on the network and promote the development of new and better applications.
Incentives for Developers
The Foundation expects that the Provision Committee will begin to offer incentives for developers who are willing to create new projects that add value to StarkNet. This will include rewards for developers who are working on improving existing applications and building new ones. This will also include rewards for developers who are testing and improving the security of the network.
The Foundation will also evaluate seasonally the performance of the developers and will provide additional incentives as appropriate. These rewards can include platform tokens as well as a portion of the total STRK allocation.
Incentives for Content Creators
The Foundation will also include rewards for those who are creating content about the StarkNet network. This can range from tutorials, educational videos, and other forms of content that are sharing information about the use and the value of the network. This could include rewards for users who are organically promoting the network, sharing information about upcoming events and activities related to the network, or creating content that promotes the use of the network.
Incentives for Adopters and Merchants
The Foundation also plans to reward developers who ensure that merchants and adopters have the tools they need to connect to and use the StarkNet network. This includes rewards for those who create tools that simplify the integration process, as well as rewards for those who create tools and applications that could be used to accept STRK tokens from customers.
Overall, the StarkNet Foundation is confident that these incentives will be effective in stimulating user activity on the network and encouraging development of new and better applications and tools. This will ultimately add value to the network and ensure that the future growth of the network is sustainable.
