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The world’s largest crypto change Binance on Tuesday stated it can listing the much-awaited Ethereum layer-2 community Starknet (STRK) with seed tag in the present day. The crypto change additionally introduced assist for Starknet (STRK) distribution for Binance ETH staking customers. Users can begin buying and selling STRK in a number of spot buying and selling pairs from February 20 at 13:00 UTC.

Binance Announces Starknet (STRK) Listing

Crypto change Binance in an official announcement on February 20 revealed new spot buying and selling pairs for Starknet (STRK). The change will listing STRK/BTC, STRK/USDT, STRK/FDUSD, and STRK/TRY pairs, that are key pairs bringing greater buying and selling volumes.

Users can begin depositing STRK for buying and selling at 12:00 UTC, an hour earlier than buying and selling commences on February 20 at 13:00 UTC. Users can withdraw STRK from 13:00 on February 21.

Notably, Binance itemizing STRK with a seed tag, contemplating the token might exhibit greater volatility and dangers. Starknet is a permissionless, validity rollup for the Ethereum community that’s also referred to as a zero-knowledge rollup (ZK rollup).

Read More: Starknet Foundation’s Empowers STRK Token Distribution Plan

Starknet (STRK) Distribution Plan for Binance ETH Staking Users

Furthermore, Binance Earn will assist the Starknet Provisions Program for all eligible customers who staked ETH on Binance. These customers will obtain STRK tokens in spot wallets as per their complete BETH balances throughout wallets on the snapshot time of September 15, 2022 at 23:59 (UTC). To verify eligibility:

Let us intro:

The Starknet Provisions Program

Claiming begins Feb 20, 2024, 12pm UTC

Check your eligibility 👇https://t.co/jcQQuD8uOX pic.twitter.com/rAMSSzTu5p

— Starknet Foundation (@StarknetFndn) February 14, 2024

STRK token distribution to eligible customers shall be accomplished inside 30 days from Starknet Provisions Program date, reported Binance. Ethereum-based Layer-2 scaling resolution, Starknet, earmarked 1.8 billion STRK token airdrop to reward builders and early community contributors.

Crypto exchanges akin to OKX, KuCoin, HTX Global, Bybit, Bitfinix, MEXC, Gateio, BitMEX, and Bitget have introduced Starknet (STRK) itemizing.

The market anticipated itemizing at $0.80, based mostly on idea that the FDV shall be equal to its newest funding spherical valuation at $8 billion with 720M tokens in circulation. The OTC buying and selling value of STRK on Whales Market and KuCoin rose to the $2 vary.

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Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the large potential of those revolutionary future applied sciences. He is at the moment masking all the most recent updates and developments within the crypto trade.

The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty for your private monetary loss.